PARIS (Reuters) – The main European stock markets are moving upwards but on a cautious note on Friday at the start of the session, with a wait-and-see attitude prevailing before the publication of the American employment report.
In Paris, the CAC 40 gained 0.27% to 8,018.20 points around 07:40 GMT. In London, the FTSE 100 gained 0.16% and in Frankfurt, the Dax advanced 0.35%.
The EuroStoxx 50 index is up 0.02%, the FTSEurofirst 300 is up 0.03% and the Stoxx 600 is up 0.05%.
Investors are awaiting the official report on non-agricultural employment in the United States at 12:30 GMT, which will make it possible to gauge the state of the labor market, a key element for the monetary policy of the American Federal Reserve.
After the decisions of the Bank of Canada and the European Central Bank (ECB) to lower their interest rates, eyes are turning to the Fed which is holding its monetary policy meeting on Tuesday and Wednesday.
Recent indicators have shown a slowdown in the job market in the United States, which has reinforced expectations around an upcoming easing by the Fed – with markets betting on an announcement in September.
In terms of values, Euroapi plunged 7.47% after announcing the appointment of an ad hoc agent as part of discussions on the medium and long-term financing of its FOCUS-27 strategic plan.
(Written by Blandine Hénault)
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