PARIS (Reuters) – The main European stock markets rose slightly on Monday morning, in the wake of the trend observed on Friday against a backdrop of optimism about the ebbing of inflationary pressures, which should lead to a reduction in rates from the major central banks.

The gains are, however, limited in the absence of investors on Wall Street, the New York Stock Exchange remaining closed due to celebrations dedicated to Martin Luther King.

In Paris, the CAC 40 rose 0.21% to 7,449.21 points around 08:35 GMT. In London, the FTSE 100 advanced by 0.12% and in Frankfurt, the Dax gained 0.11%.

The EuroStoxx 50 index increased by 0.17%, the FTSEurofirst 300 by {.FTEU3;ABS(PCTCHNG:2)}% and the Stoxx 600 by 0.06%.

Wall Street ended in mixed order on Friday after mixed results from large American banks.

The publication season continues this week with Goldman Sachs and Morgan Stanley in particular on Tuesday in the United States, while in Europe Renault, Richemont and Burberry are expected.

In terms of economic indicators, the market awaits on Wednesday the publication of monthly consumer prices in the euro zone and monthly retail sales figures in the United States, the main statistics of the week.

Investors are optimistic about the fall in the cost of credit since future contracts indicate with a probability of 75% that the American Federal Reserve (Fed) will reduce its rates in March, the growth in producer prices (PPI) in the United States United having emerged less strong than expected in December.

In the eurozone, markets are pricing in a 154 basis point cut in rates from the European Central Bank (ECB) by the end of the year.

Christopher Waller, one of the Fed governors, is due to speak on Tuesday, while with the opening this Monday of the World Economic Forum in Davos, Switzerland, interventions from other central bankers are expected, including that of the President of the ECB, Christine Lagarde.

In values, Atos plunged 10.99% after issuing a warning on its free cash flow and announcing a reshuffle of its management team with the appointment of Paul Saleh as general manager.

The artificial heart manufacturer Carmat fell 6.96% in reaction to the announcement of a planned capital increase.

ArcelorMittal advances by 0.86%, the French Ministry of Economy and Finance having announced on Sunday that the State and the group will invest a total of 1.8 billion euros to reduce CO2 emissions from the Grande steel site. -Synthe (North).

Elsewhere in Europe, Deutsche Bank (-0.43%) and Commerzbank (+1.85%) are experiencing mixed fortunes while discussions on a merger between the two banks or sale of stakes by the German State in companies listed are resurfacing, according to sources.

(Written by Claude Chendjou, edited by Blandine Hénault)

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