PARIS (Reuters) – European markets opened mixed on Tuesday, in a wait-and-see context before the publication of CPI inflation in the United States on Thursday.
In Paris, the CAC 40 is looking for direction and remains at 7,444.08 points around 08:18 GMT. In Frankfurt, the Dax is hesitant, compared to an increase of 0.11% for the FTSE in London.
The pan-European FTSEurofirst 300 index gains 0.11%, the EuroStoxx 50 loses 0.18% and the Stoxx 600 shows no clear direction%.
Futures on New York indices suggest Wall Street opening lower, with the Dow Jones losing 0.25%, compared to 0.22% for the Standard & Poor’s 500 and 0.29% for the Nasdaq.
CPI inflation in the United States for December, the main indicator of the week, will be released on Thursday and is expected to rise 0.2% month-on-month and 3.2% year-on-year, according to economists polled by Reuters, after respectively 0.1% and 3.1% the previous month.
An upward surprise could nevertheless worry markets, which are betting that the Federal Reserve is done with rate hikes.
Investors will expect unemployment in the euro zone by 1000 GMT on Tuesday, as strong labor markets have been one of the main drivers of inflation in the bloc.
In terms of values, Nexans advances by 3.86% after Berenberg began monitoring the value and recommends “buy”.
STMicroelectronics, among the worst performers on the CAC 40, was down 1.72%, with Samsung’s warning of a drop in its turnover weighing on tech stocks.
(Written by Corentin Chappron, edited by Kate Entringer)
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