PARIS (Reuters) – European markets opened lower on Thursday while several indicators are expected during the day and Friday in the euro zone and the United States.
In Paris, the CAC 40 fell 0.11% to 7,427.71 points around 08:35 GMT. In Frankfurt, the Dax lost 0.22%, compared to 0.24% for the FTSE in London.
The pan-European FTSEurofirst 300 index lost 0.24%, the EuroStoxx 50 0.15% and the Stoxx 600 0.27%.
Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones and the Standard & Poor’s 500 showing no marked direction, while the Nasdaq advances 0.10%.
The markets are positioning themselves before the publication of numerous indicators: revised GDP for the third quarter in the euro zone as well as final unemployment in the euro zone in the third quarter at 10:00 GMT, and jobless claims in the United States at 1:30 p.m. GMT.
Attention to the data stream will peak Friday, when the U.S. Labor Department releases its monthly nonfarm payrolls report.
With markets already pricing in 125 basis points of rate cuts for the Federal Reserve in 2024, an upside surprise on the indicator could put pressure on risky assets.
In terms of values, Air France-KLM fell 5.66% after JP Morgan lowered its recommendation to “underweight” from “overweight”.
Derichebourg fell by 5.17% after the publication of its results for the fiscal year, with turnover standing at 3.6 billion euros, against a consensus of 3.753 billion.
(Written by Corentin Chappron, edited by Kate Entringer)
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