PARIS (Reuters) – European markets opened higher on Monday with the exception of the Dax which appeared hesitant before the publication of activity indicators in the euro zone and after the monthly report on employment in the United States.
In Paris, the CAC 40 advanced 0.13% to 7,602.07 points around 08:35 GMT. In Frankfurt, the Dax appears directionless, compared to an increase of 0.21% for the FTSE in London. The German trade balance, whose figures were published on Monday, collapsed in December.
The pan-European FTSEurofirst 300 index takes 0.21%, the EuroStoxx 50 0.14% and the Stoxx 600 0.24%.
New York index futures suggest Wall Street opening lower, with the Dow Jones falling 0.18%, compared to 0.15% for the Standard & Poor’s 500 and 0.12% for the Nasdaq.
Final composite and services PMI indicators for January are due from 0850 GMT for France, Germany and the euro zone, and are expected to confirm that activity in the bloc continues to slow.
Investors will nevertheless be attentive to indications which could suggest a recovery in activity, while the euro zone escaped recession in the fourth quarter.
US employment figures, released on Friday, limit gains as the monthly report published by the US Labor Department showed that job demand remained strong, putting off the first rate cuts.
In terms of values, Atos fell 19.33% after announcing the abandonment of its capital increase announced to discuss with banks for the restructuring of its debt, which could involve a significant dilution of existing shareholders.
(Written by Corentin Chappron, edited by Kate Entringer)
Copyright © 2024 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
