PARIS (Reuters) – European stock markets fell slightly at the opening on Monday in the absence of major events.
In Paris, the CAC 40 fell by 0.31% to 7,744.16 points around 08:29 GMT. In Frankfurt, the Dax lost 0.19%, compared to 0.14% for the FTSE in London.
The pan-European FTSEurofirst 300 index lost 0.14%, the EuroStoxx 50 0.32% and the Stoxx 600 0.11%.
Wall Street will be closed Monday for a public holiday.
European markets are digesting the latest data published in the United States, which show that inflationary pressures remain significant across the Atlantic.
“The normalization of the price of goods, which explained the rapid decline in (American) inflation last year, is rather behind us,” note the strategists at LBPAM.
“And the details of consumer and producer prices suggest that the consumer price deflator, the inflation indicator that the Fed targets, could also accelerate again in January.”
Separately, China’s central bank kept rates at current levels this weekend, as investors continue to hope for more support for the local economy.
In terms of values, Forvia is at the top of the Stoxx 600, increasing by 4.95% after unveiling an important social plan.
Astrazeneca posted one of the best performances in the Stoxx 600, up 3.03%, as the US Food and Drug Administration (FDA) approved the treatment of certain cancers with a combination of Tagrisso, an anti-cancer drug from the group, and chemotherapy.
(Written by Corentin Chappron, edited by Blandine Hénault)
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