PARIS (Reuters) – European markets are progressing at the opening of a session expected without notable events on Wednesday.
In Paris, the CAC 40 advanced 0.56% to 8,120.71 points around 07:15 GMT. In Frankfurt, the Dax gained 0.29%, compared to 0.24% for the FTSE in London.
The pan-European FTSEurofirst 300 index rose by 0.24%, the EuroStoxx 50 by 0.32% and the Stoxx 600 by 0.31%.
Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones, Standard & Poor’s 500 and Nasdaq showing no marked direction.
No leading indicators are expected on Wednesday, while trading volumes are expected to be limited as May 8 and 9 are public holidays in several European countries.
The German industrial production indicator published on Wednesday fell less than expected.
“German industry remains far from a lasting rebound,” however, note ING strategists.
The Bank of England’s meeting on Thursday could liven up trading, as observers expect the British institution to maintain its rates but begin to prepare an initial cut.
In terms of values, Anheuser-Busch InBev reported on Wednesday a 2.6% increase in its turnover in the first quarter, in line with forecasts, and gained 4.35%.
BMW said on Wednesday it expected a slight decline in pre-tax profit this year and lost 3.21%.
(Written by Corentin Chappron, edited by Tangi Salaün)
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