PARIS (Reuters) – European stock markets opened generally higher on Friday, with the exception of the German Dax, while several good company results supported trade.

In Paris, the CAC 40 is benefiting in particular from the jump in LVMH, whose quarterly results are boosting the entire luxury sector. The Parisian index advanced 1.33% to 7,563.18 points around 08:32 GMT.

In London, the FTSE gained 0.49% while in Frankfurt, the Dax was the victim of profit-taking and lost 0.27%.

The pan-European FTSEurofirst 300 index gained 0.49%, the EuroStoxx 50 gained 0.29% and the Stoxx 600 gained 0.4%.

New York index futures suggest Wall Street opening lower, with the Dow Jones falling 0.36%, compared to 0.43% for the Standard & Poor’s 500 and 0.86% for the Nasdaq.

In terms of values, LVMH jumped 8.41% after reporting organic sales growth of 10% in the fourth quarter. The European luxury sector advances by 3.69% in the wake of the first French capitalization.

Rémy Cointreau soars by 16.41% after reporting a less significant decline than expected in its turnover in the third quarter, taking with it Pernod Ricard, which rose by 7.51%.

The markets are also digesting the latest decision from the ECB, which on Thursday maintained its rates at their current levels but noted that inflationary pressures were decreasing in the euro zone.

PCE inflation in the United States, expected at 1:30 p.m. GMT on Friday, could help to liven up trade.

(Written by Corentin Chappron, edited by Blandine Hénault)

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