PARIS (Reuters) – European stock markets opened on a hesitant note on Friday, after several indicators suggested that activity in the euro zone continued to contract.
In Paris, the CAC 40 is looking for direction and is showing at 7,280.98 points around 07:35 GMT. In Frankfurt, the Dax is stable, like the FTSE in London.
The pan-European FTSEurofirst 300 index, the EuroStoxx 50 and the Stoxx 600 do not show a marked direction.
New York index futures suggest a mixed Wall Street opening, with the Dow Jones, Standard & Poor’s 500 and Nasdaq showing small variations.
After closing Thursday for Thanksgiving, Friday’s session will be shortened on Wall Street and close at 6:00 p.m. GMT.
PMI indicators released on Thursday confirmed the contraction in euro zone activity, while the minutes of the European Central Bank’s latest monetary policy meeting showed that inflation was slowing at the pace expected by bank officials central.
On Friday, the publication of German GDP for the third quarter reported that activity in the euro zone’s largest economy contracted more than expected year-on-year, by 0.4% compared to -0.3% initially announced.
The Ifo business climate indicator will provide more information on the state of the German economic situation.
In terms of values, Forvia advances by 1.51%, at the top of the SBF 120, after an increase in recommendation from Barclays.
Continental, which also produces automobile parts, increased by 2.78% after an increase in the advice of the same intermediary.
(Written by Corentin Chappron, edited by Blandine Hénault)
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