PARIS (Reuters) – European markets opened higher on Wednesday, with the exception of the Dax, driven by a burst of results and lower-than-expected British inflation in January.
In Paris, the CAC 40 advanced 0.16% to 7,637.81 points around 08:35 GMT. In Frankfurt, the Dax is stable, compared to an increase of 0.16% for the FTSE in London.
The pan-European FTSEurofirst 300 index takes 0.16%, the EuroStoxx 50 0.08% and the Stoxx 600 0.2%.
Futures on New York indices suggest Wall Street opening in the green, with the Dow Jones gaining 0.14%, compared to 0.24% for the Standard & Poor’s 500 and 0.36% for the Nasdaq.
The markets are reacting to the numerous results published on Wednesday: Thyssenkrupp and Heineken posted the worst performances in the Stoxx 600, after results considered disappointing, while the good results of ABN Amro and Delivery Hero propelled the stocks to the top of the European index.
Across the Channel, inflation was lower than expected in January, which encourages European stocks after the unpleasant surprise on the dynamics of American prices on Tuesday.
In terms of values, Capgemini takes 3.50% after its annual results.
M6 increased by 2.53% after announcing an ambitious investment plan in its streaming activities.
(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.
