PARIS (Reuters) – European stock markets fell at the open on Monday, ahead of a salvo of results and monetary policy developments, as the latest Chinese economic figures disappointed and the attack on Donald Trump added to uncertainty.

In Paris, the CAC 40 fell by 0.8% to 7,662.39 points at around 07:10 GMT. In Frankfurt, the Dax lost 0.32%, compared to 0.69% for the FTSE in London.

The pan-European FTSEurofirst 300 index fell by 0.44%, the EuroStoxx 50 by 0.54% and the Stoxx 600 by 0.48%.

New York index futures suggest Wall Street will open higher, with the Dow Jones gaining 0.28%, compared with 0.29% for the Standard & Poor’s 500 and 0.46% for the Nasdaq.

European markets are buoyed by results, with 59 members of the Stoxx 600 reporting results this week.

Caution also prevails ahead of the next meeting of the European Central Bank: while the central bank will probably leave its rates unchanged on Thursday, its comments on the trajectory of the European economy could indicate the next steps in the monetary policy process.

Poor Chinese economic figures are contributing to weighing on sentiment: GDP grew by 4.7% in the second quarter, compared with the 5.1% expected by consensus.

Markets are finally digesting the repercussions of Sunday’s attack on Donald Trump, which could improve the Republican candidate’s electoral prospects for the American presidency.

Burberry shares fell 11.1% on Monday after the group issued a profit warning and replaced its CEO.

Other luxury stocks declined in Europe, with Kering down 4.05%, while Hermes and LVMH each fell by just over 1%.

Atos soared 10.26% after announcing Monday that it had received a commitment from a group of banks and bondholders for a target amount of €1.675 billion in new secured financing.

(Written by Corentin Chappron, edited by Blandine Hénault)

Copyright © 2024 Thomson Reuters