PARIS (Reuters) – Trading on the main European stock exchanges was relatively calm on Wednesday morning, with caution being required ahead of the monetary policy decisions of the American Federal Reserve (Fed).

In Paris, the CAC 40 increased by 0.25% to 7,562.53 points around 08:30 GMT the day after its session record at 7,582.47 points. In London, the FTSE 100 advanced by 0.17% and in Frankfurt, the Dax gained 0.13%.

The EuroStoxx 50 index gained 0.19%, the FTSEurofirst 300 0.14% and the Stoxx 600 0.12%.

Futures contracts on Wall Street predict an increase of 0.13% for the Dow Jones, 0.11% for the Standard & Poor’s 500 and 0.18% for the Nasdaq the day after a session in the green where the publication of consumer prices in the United States did not call into question the scenario of a reduction in Fed rates.

Investors will monitor producer prices in the United States this Wednesday before the publication of the Fed’s announcements scheduled from 7:00 p.m. GMT.

The European Central Bank (ECB), the Bank of England (BoE), the Swiss National Bank (SNB) and the Bank of Norway (Norges Bank) are also due to issue their respective monetary decisions on Thursday.

In terms of values ​​in Europe, Renault gained 0.59% in Paris. The French car manufacturer announced on Wednesday that the capital loss resulting from the group’s sale of part of its stake in Nissan has been reduced from around 0.5 billion euros to one billion euros.

LVMH drops 1.04%, JPMorgan having lowered its advice on the French luxury group to “neutral”, while BASF advances 3.19%, UBS having switched to purchase on the German group.

Inditex is up 0.83%, as the owner of the Zara brand reported a 32.5% jump in net profit on Wednesday but a slowdown in sales over nine months.

The betting and gaming group Entain takes 4.44% after the announcement of the departure with immediate effect of its general director, Jette Nygaard-Andersen.

(Writing by Claude Chendjou, edited by Kate Entringer)

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