PARIS (Reuters) – European markets opened lower on Thursday, with investors positioning themselves ahead of numerous indicators that could push them to reassess their economic outlook for next year.
In Paris, the CAC 40 fell 0.33% to 7,558.22 points around 08:20 GMT. In Frankfurt, the Dax lost 0.23%, compared to 0.36% for the FTSE in London.
The pan-European FTSEurofirst 300 index fell by 0.36%, the EuroStoxx 50 by 0.26% and the Stoxx 600 by 0.31%.
New York index futures suggest Wall Street opening higher, with the Dow Jones gaining 0.37%, compared to 0.51% for the Standard & Poor’s 500 and 0.65% for the Nasdaq.
Investors await Thursday the weekly unemployment claims in the United States, the final American GDP for the third quarter and the “Philly Fed” activity index, which will be published at 1:30 p.m. GMT.
The consumer confidence index and producer prices in France will be published on Friday, as well as British GDP for the third quarter and, above all, PCE inflation, the indicator of price dynamics on which is based the Federal Reserve to decide on its monetary policy.
Investors will rely on these elements, the last major data expected in 2023, to assess the trajectory of developed economies and rates next year.
In values, AXA advances by 0.65%, among the best performances of the CAC 40, after having concluded a reinsurance agreement for a life insurance portfolio held by its subsidiary Axa France, the operational impact of which will be offset by a buyout shares of 500 million euros.
(Written by Corentin Chappron, edited by Blandine Hénault)
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