PARIS (Reuters) – European stock markets opened higher on Monday, in the wake of Wall Street and before a week rich in monetary policy and indicator events.
In Paris, the CAC 40 advanced 0.98% to 7,443.67 points around 08:33 GMT. In Frankfurt, the Dax gained 0.88%, compared to 0.83% for the FTSE in London.
The pan-European FTSEurofirst 300 index takes 0.83%, the EuroStoxx 50 0.92% and the Stoxx 600 0.75%.
New York index futures suggest Wall Street opening in the green, with the Dow Jones rising 0.19%, compared to 0.28% for the Standard & Poor’s 500 and 0.54% for the Nasdaq.
The S&P 500 hit an all-time high on Friday, supported by tech stocks which are driving the rest of the stock indices upward.
Tech is at the top of the Stoxx 600 sectors and contributes to the good performance of indices in the euro zone, with Bernstein having notably raised his recommendation on ASML to “outperform”.
Investors will be attentive this week to the decision of the European Central Bank on Thursday, as well as to the publication of the PMI indices on Wednesday and the PCE inflation in the United States on Friday.
Furthermore, the Bank of Japan will announce its decision on its rates on Tuesday.
In terms of values, ASML gained 2.38% after Bernstein’s change of recommendation.
La Française des jeux jumped 5.12% after the launch of its takeover bid for Kindred, which soared 17.27%.
Worldline climbs 4.88% after Crédit Agricole announced it would take a minority stake in the group.
(Written by Corentin Chappron, edited by Blandine Hénault)
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