PARIS (Reuters) – European markets opened higher on Wednesday, after the publication the day before of an American inflation indicator having fallen more quickly than expected by consensus.
In Paris, the CAC 40 advanced 0.59% to 7,227.84 points around 08:22 GMT. In Frankfurt, the Dax gained 0.32%, compared to 0.41% for the FTSE in London.
The pan-European FTSEurofirst 300 index takes 0.41%, the EuroStoxx 50 0.53% and the Stoxx 600 0.57%.
New York index futures suggest Wall Street opening higher, with the Dow Jones rising 0.24%, compared to 0.28% for the Standard & Poor’s 500 and 0.33% for the Nasdaq.
The US inflation indicator released Tuesday was weaker than economists expected, triggering a wave of relief for investors now certain that the Federal Reserve is done with rate hikes.
This optimism has pushed risky assets higher and pushed yields lower.
Furthermore, retail sales and industrial production in China better than expected by observers helped improve investor sentiment.
In terms of values, Alstom fell 9.74% after announcing on Wednesday that it was launching an asset sale program and considering a capital increase.
(Written by Corentin Chappron, edited by Kate Entringer)
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