(Reuters) – The main European stock markets are moving without much change at the start of Monday’s session, caution being required before the publication of inflation data this week and after significant recent gains.
In Paris, the CAC 40 gained 0.09% to 8,159.04 points around 08:34 GMT. In London, the FTSE 100 gained 0.08% and in Frankfurt, the Dax advanced 0.16%.
The EuroStoxx 50 index is up 0.13%, the FTSEurofirst 300 is up 0.08% and the Stoxx 600 is up 0.06%.
The week promises to be rich in inflation data, particularly in the United States, with price developments remaining at the center of market attention as most major central banks suggest they will lower their rates of interest in the coming months.
Any stronger-than-expected increase in the personal consumption expenditures (PCE) price index on Friday, the indicator favored by the Fed for measuring inflation, could dampen hopes of a rate cut as early as June in the UNITED STATES.
In Europe, the session is calm this Monday in terms of macroeconomic indicators, the markets awaiting data on consumer prices in France, Italy, Belgium and Spain this week, before the publication of inflation figures for the euro zone on April 3.
In terms of values, the French artificial heart designer Carmat rose 9.2% after announcing on Friday a definitive agreement with all of its financial creditors on new terms of repayment of its bank loans.
The Believe label gains 5.43%, as it has decided to invite Warner to submit a binding, unconditional and fully financed offer for the group by April 7 at the latest.
Dassault Aviation advances 3.42%, stimulated by BNP Paribas which raised its recommendation to “buy”.
The British insurer Direct Line lost 13% after the Belgian insurer Ageas decided to no longer make an offer for the group.
(Writing by Diana Mandiá, editing by Kate Entringer)
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