PARIS (Reuters) – European markets are in sharp decline at the opening on Tuesday, with markets worried about rate prospects in the United States and geopolitical tensions.
In Paris, the CAC 40 fell 1.44% to 7,929 points around 07:35 GMT. In Frankfurt, the Dax lost 1.35%, compared to 1.27% for the FTSE in London.
The pan-European FTSEurofirst 300 index lost 1.27%, the EuroStoxx 50 1.41% and the Stoxx 600 1.31%.
Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones, the Standard & Poor’s 500 and the Nasdaq not showing any marked direction.
Operators are reassessing their monetary policy expectations for the United States after the latest retail sales figures, which suggest that activity remains resistant to rate increases and that the Federal Reserve will be able to maintain a restrictive monetary policy.
Geopolitical concerns continue to cloud the outlook for markets as Israel prepares to retaliate against Iran’s large-scale attack on Saturday.
In terms of values, Ericsson rose 5.82% after better-than-expected quarterly results.
Superdry falls 25% after announcing its recovery plan.
(Written by Corentin Chappron, edited by Zhifan Liu)
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.
