PARIS (Reuters) – The main European stock markets are moving in scattered order and with slight variations on Monday at the start of the session, before a week full of events including the meeting of the European Central Bank (ECB) on Thursday.
In Paris, the CAC 40 fell 0.13% to 7,923.97 points around 08:48 GMT. In London, the FTSE 100 lost 0.22% and in Frankfurt, the Dax was almost stable (-0.01%).
The EuroStoxx 50 index is up 0.19%, the FTSEurofirst 300 is up 0.09% and the Stoxx 600 is up 0.04%.
In terms of values, the luxury sector shows the strongest declines in Paris against a backdrop of profit-taking after a solid start to the year.
Hermès fell 1.51%, Kering lost 2.07% and LVMH dropped 1.37%.
Conversely, Teleperformance regained 0.45% on cheap purchases after falling last week due to the deployment by its competitor Klarna of an assistant based on artificial intelligence (AI).
At the top of the CAC 40, BNP Paribas advances 1.56% after announcing the launch of its share buyback program for 2024.
The technology compartment (+1.04%) recorded the strongest increase in Europe, following the progression of the segment on Friday on Wall Street and Monday in Japan against a backdrop of frenzy around the theme of AI.
(Written by Blandine Hénault, edited by Zhifan Liu)
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