PARIS (Reuters) – European stock markets opened on a hesitant note on Tuesday, with investors showing caution ahead of a burst of crucial events for developed economies.

In Paris, the CAC 40 declined by 0.15% to 7,401.8 points around 08:37 GMT. In Frankfurt, the Dax appears without a marked direction, like the FTSE in London.

The pan-European FTSEurofirst 300 index is hesitant, the EuroStoxx 50 falls by 0.23% and the Stoxx 600 by 0.16%.

Futures on New York indices suggest a mixed opening on Wall Street, with the Dow Jones and Standard & Poor’s 500 showing no marked direction, while the Nasdaq lost 0.11%.

After several days of clear optimism on the markets, with a record S&P to boot, the climate is now one of wait-and-see.

The main event expected on Tuesday, the Bank of Japan’s monetary policy meeting, ended without surprise, the central bank having maintained its ultra-accommodative posture.

Attention is now focused on the succession of indicators and monetary policy meetings that await the markets in the coming days.

PMI activity indicators in the euro zone will be published on Wednesday, while the European Central Bank will announce its decision on its rates on Thursday. Fourth-quarter US GDP will also be released on Thursday, followed on Friday by PCE inflation across the Atlantic.

The Federal Reserve will make its monetary policy decision on January 31, and the Bank of England on February 1.

In values, HelloFresh gained 5.78%, among the strongest performances of the Stoxx 600, after Morgan Stanley raised its recommendation from “online weighting” to “overweight”.

Logitech International reported a 1% drop in third-quarter revenue on Tuesday, down 5.22%, among the worst performances on the Stoxx 600.

(Written by Corentin Chappron, edited by Blandine Hénault)

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