PARIS (Reuters) – European markets rose at the opening on Friday after the publication of British first-quarter GDP, better than expected, and before a sentiment indicator in the United States.

In Paris, the CAC 40 advanced 0.45% to 8,224.79 points around 07:35 GMT. In Frankfurt, the Dax gained 0.4%, compared to 0.57% for the FTSE in London.

The pan-European FTSEurofirst 300 index strengthened by 0.57%, the EuroStoxx 50 by 0.48% and the Stoxx 600 by 0.57%.

New York index futures suggest Wall Street opening higher, with the Dow Jones advancing 0.22%, compared to 0.21% for the Standard & Poor’s 500 and 0.25% for the Nasdaq.

Activity in the United Kingdom rebounded at a faster pace than consensus expected, and emerged from recession in the first quarter.

Adding to the encouraging outlook, the Bank of England highlighted its confidence in inflation slowing to 2% at its latest monetary policy meeting, suggesting rates could be eased more than expected. by consensus.

The Michigan US Sentiment Indicator is due at 14:00 GMT and will help investors refine their outlook for the US economy.

In terms of values, Legrand gained 2.44% after Citigroup raised its recommendation to “buy”.

Sanofi announced a licensing agreement with Novavax on Friday, but reacted little on the stock market and gained 0.61%.

(Written by Corentin Chappron, edited by Kate Entringer)

Copyright © 2024 Thomson Reuters