PARIS (Reuters) – With the exception of the CAC 40, the main European stock markets are moving in the red at the start of the session on Tuesday, after a mixed session in Asia and in the absence of first-rate catalysts.
In Paris, the CAC 40 gained 0.17% to 7,781.88 points around 08:40 GMT. But in London, the FTSE 100 lost 0.22% and in Frankfurt, the Dax fell by 0.35%.
The EuroStoxx 50 index is down 0.06%, the FTSEurofirst 300 is down 0.27% and the Stoxx 600 is down 0.15%.
In Asia, the Chinese stock markets ended up after having erased their initial losses, the decision of the People’s Bank of China (PBC) to sharply lower its preferential five-year loan rate having had difficulty reassuring investors on the outlook for the Chinese economy.
European stock markets also lack catalysts due to the absence of Wall Street the day before and a lighter agenda in terms of economic indicators, even if a few results publications are boosting the stock market.
In Paris, Air Liquide climbed 5.84% after the publication of its annual results during which it announced a doubling of its margin target for 2025.
In London, Barclays gained 5.15% after the announcement of a restructuring plan intended to improve its performance and its stock price.
(Written by Blandine Hénault, 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.
