(Reuters) – Major European stock markets rose cautiously in early trading on Friday, as indecision over future central bank decisions increased following signs of persistent inflationary pressures in the United States.
In Paris, the CAC 40 gained 0.07% to 8,167.29 points around 08:37 GMT. In London, the FTSE 100 gained 0.04% and in Frankfurt, the Dax advanced 0.02%.
The EuroStoxx 50 index is up 0.08%, the FTSEurofirst 300 is up 0.09% and the Stoxx 600 is up 0.06%.
U.S. producer price figures on Thursday showed stronger-than-expected inflationary pressures, casting doubt on the timing of the Fed’s interest rate cuts.
The main European indices are nevertheless on track to end the week on the rise after three sessions at record levels.
In terms of values, Euroapi plunged 26.3% as the French pharmaceutical laboratory announced Thursday that it was suspending its outlook for 2024 after temporarily stopping the production of all active pharmaceutical ingredients (APIs) at its Italian site in Brindisi.
Vonovia, Germany’s largest landlord, fell 6.1% after announcing its biggest annual loss in 2023, the latest sign of tensions in the real estate sector of Europe’s leading economic power.
Swisscom is up 2.5%, the Swiss telecoms group having announced the acquisition of the Italian activities of the Vodafone group (+4.9%) for 8 billion euros to merge them with its local subsidiary Fastweb.
(Written by Diana Mandiá, edited by Blandine Hénault)
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