PARIS (Reuters) – The main European stock markets showed small variations on Monday morning in a context of wait-and-see before the decisions of the major central banks and the American inflation figures.
In Paris, the CAC 40 rose 0.24% to 7,544.49 points around 08:50 GMT, approaching its historic peak of 7,581.26 points, reached on April 24. In London, the FTSE 100, penalized by mining stocks, lost 0.31%. In Frankfurt, the Dax dropped 0.08%.
The EuroStoxx 50 index (-0.03%) and the FTSEurofirst 300 (-0.02%) vary little. The Stoxx 600, which climbed on Friday to its highest since February 2022, is almost unchanged (-0.02%).
Futures contracts on Wall Street predict a stable opening for the Dow Jones (-0.08%) and the Standard & Poor’s 500 (-0.09%), while the Nasdaq could fall by 0.19% after a session in the green on Friday where investors were optimistic about a soft landing for the American economy after the monthly report on employment in the United States.
Consumer prices in the United States will be published on Tuesday, the day the American Federal Reserve (Fed) begins its monetary policy meeting which will end with announcements on Wednesday. The decisions of the European Central Bank (ECB), the Bank of England (BoE) and the Swiss National Bank (SNB) will be known on Thursday.
On the stock market, the basic resources compartment (-0.44%) weighs on the trend with the decline in the prices of most metals against a backdrop of a strengthening dollar.
In individual stocks, technology groups like Dassault Systèmes (+0.94%) or Capgemini (+0.86%) are carrying the CAC 40 while bond yields in the euro zone are stable.
The Norwegian group Schibsted jumped 10.79% after announcing a non-binding agreement worth 6.2 billion crowns (527.6 million euros) for the sale of its news media activities to Tinius Trust, its main shareholder.
Encavis fell 5.86%, at the bottom of the Stoxx 600, Morgan Stanley having lowered its advice on the German renewable energy group to “underweighting”.
(Writing by Claude Chendjou, edited by Kate Entringer)
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