PARIS (Reuters) – European stock markets are hesitant to open on Monday in the absence of indicators and new catalysts.
In Paris, the CAC 40 is stable at 8,215.71 points around 07:15 GMT. In Frankfurt, the Dax is unchanged, like the FTSE in London.
The pan-European FTSEurofirst 300 index and the EuroStoxx 50 do not show a marked direction, while the Stoxx 600 gains 0.1%.
Futures on New York indices suggest a mixed opening on Wall Street, with the Dow Jones stable, compared to an increase of 0.11% for the Standard & Poor’s 500 and 0.23% for the Nasdaq.
The markets continue on their course, the last meeting of the Federal Reserve and the monthly report on American employment, published on May 3, having propelled the indices upwards, investors hoping that the American central bank will relax its policy this year .
These prospects will be tested this week by the publication of the producer price indicator for April on Tuesday, and by the CPI inflation for April on Wednesday. Fed Chairman Jerome Powell will speak after the PPI data is released.
On Tuesday, the final inflation in Germany for April could also liven up trading in the event of a surprise revision.
In terms of values, Sanofi announced on Monday that it was investing more than an additional billion euros in the production of drugs in France and gained 1.06%, one of the best performances on the CAC 40.
(Written by Corentin Chappron, edited by Blandine Hénault)
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