PARIS (Reuters) – European markets are progressing at the opening on Thursday before a burst of activity indicators in the euro zone, supported by good figures from semiconductor manufacturer Nvidia.
In Paris, the CAC 40 increased by 0.27% to 8,114.35 points around 07:05 GMT. In Frankfurt, the Dax gained 0.25%, against a stable FTSE in London.
The pan-European FTSEurofirst 300 index advanced by 0.2%, the EuroStoxx 50 by 0.4% and the Stoxx 600 by 0.17%.
New York index futures suggest Wall Street opening lower, with the Dow Jones falling 0.1%, compared to 0.54% for the Standard & Poor’s 500 and 0.83% for the Nasdaq.
The PMI activity indicators for May will be published from 07:15 GMT, and will be essential to understand whether the rebound in the European economy, which began in April, continues.
The figures from Nvidia, the designer of semiconductors essential to the development of artificial intelligence, were better than expected and encourage investors to gain exposure to the technology, a theme which has already supported risky assets in late 2023 and in 2024.
The minutes of the latest meeting of the Federal Reserve, published on Wednesday, nevertheless limit the gains.
“Officials have suggested that the disinflation process is likely to take longer than expected and some have suggested they are prepared to tighten policy further if risks to inflation materialize,” summarizes John Plassard, director at Mirabaud.
In terms of values, the “tech” segment increased by 1.11% after Nvidia’s figures. Soitec, however, lost 1.04%, as the group’s Ebitda margin fell over the 2023-2024 fiscal year.
(Written by Corentin Chappron, edited by Kate Entringer)
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