PARIS (Reuters) – European markets opened higher on Friday, with investors digesting numerous central bank decisions that give hope that the rate hike cycle is over.
In Paris, the CAC 40 advanced 0.35% to 7,602.73 points around 08:20 GMT. In Frankfurt, the Dax gained 0.51%, compared to 0.22% for the FTSE in London.
The pan-European FTSEurofirst 300 index takes 0.22%, the EuroStoxx 50 0.43% and the Stoxx 600 0.29%.
New York index futures suggest Wall Street opening higher, with the Dow Jones rising 0.31%, compared to 0.23% for the Standard & Poor’s 500 and 0.28% for the Nasdaq.
After the American Federal Reserve on Wednesday, the European Central Bank, the Bank of England and the National Bank of Switzerland maintained their rates at their current levels on Thursday, even if their speech was less accommodating than that of the American central bank .
The markets are nonetheless betting that the rate hikes are over, and that economies could emerge from the inflationary crisis unscathed.
On Friday, the member of the ECB Governing Council, François Villeroy de Galhau, indicated that there would be, barring any surprises, no further rate increases and that the European economy should escape recession.
Investors will be attentive to the PMI indicators in the euro zone, expected at 09:00 GMT, as well as industrial production in the United States, which will be published at 1:30 p.m. GMT.
In terms of values, Antin Infrastructure Partners jumped 7.07%, among the biggest increases in the SBF120, JP Morgan having raised its recommendation from “neutral” to “overweight”.
(Written by Corentin Chappron, edited by Jean-Stéphane Brosse)
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