PARIS (Reuters) – European markets advance at the opening on Monday before the publication of crucial indicators this week, notably inflation data in the United States and the euro zone.
In Paris, the CAC 40 advanced 0.38% to 7,071.77 points around 07:24 GMT. In Frankfurt, the Dax gained 0.23%, compared to 0.5% for the FTSE in London.
The pan-European FTSEurofirst 300 index rose by 0.5%, the EuroStoxx 50 by 0.45% and the Stoxx 600 by 0.49%.
New York index futures suggest Wall Street opening lower, with the Dow Jones declining 0.26%, compared to 0.34% for the Standard & Poor’s 500 and 0.4% for the Nasdaq.
Investors remain wait-and-see before the publication of inflation data in the United States on Tuesday and in the euro zone on Friday, two key figures for the trajectory of monetary policy on both sides of the Atlantic.
Retail sales in the United States are expected on Wednesday, while GDP for the euro zone will be published on Tuesday, two indicators which will shed light on the state of activity in the two regions.
In terms of values, Eramet advances by 1.72% after announcing on Monday that it plans investment expenditure of around 1.9 billion euros over 2024-2026 to develop lithium mines, compared to 550 million euros expected this year. .
Phoenix Group jumped 6.79%, among the best performers on the Stoxx 600, after the insurer raised its full-year cash forecast on Monday to around 1.8 billion pounds, from 1. 3 billion pounds to 1.4 billion pounds previously.
(Written by Corentin Chappron, edited by Kate Entringer)
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