PARIS (Reuters) – European markets advance to the opening on Monday, before the publication of numerous indicators this week and the meeting of the Federal Reserve on Wednesday.

In Paris, the CAC 40 advanced 0.29% to 8,111.63 points around 07:15 GMT. In Frankfurt, the Dax gained 0.2%, compared to 0.13% for the FTSE in London.

The pan-European FTSEurofirst 300 index rose by 0.13%, the EuroStoxx 50 by 0.23% and the Stoxx 600 by 0.29%.

New York index futures suggest Wall Street opening higher, with the Dow Jones advancing 0.18%, compared to 0.19% for the Standard & Poor’s 500 and 0.26% for the Nasdaq.

Preliminary inflation in Germany will be released on Monday at 12:00 GMT, with figures for France and the eurozone due on Tuesday. Gross domestic product figures for France, Germany and the euro zone will also be released on Tuesday.

Any sign of a rebound in activity would be welcomed by the markets.

Investors believe that the process of declining inflation is sufficiently well underway to allow the European Central Bank to ease its rates this year, but will nevertheless be attentive to the Fed’s decision on Wednesday.

A widening of the rate gap between the United States and the euro zone could indeed weigh on European assets, making them less attractive than assets in dollars.

In terms of values, Atos jumped 15.2% after welcoming “with satisfaction” the non-binding letter of intent from the French State for the acquisition of 100% of activities deemed strategic.

Philips jumped 31.72% after publishing results above expectations and announcing an agreement in the United States ending the uncertainty surrounding its massive recall of respirators.

(Written by Corentin Chappron, edited by Kate Entringer)

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