PARIS (Reuters) – Major European stock markets rose in early trading on Tuesday as investors positioned themselves ahead of a string of data releases in the coming days.
In Paris, the CAC 40 rose by 0.39% to 7,278.81 points at around 09:05 GMT. The Dax in Frankfurt strengthened by 0.41%, while the FTSE in London rose by 0.39%.
The pan-European FTSEurofirst 300 index rose by 0.39%, the EuroStoxx 50 gained 0.48% and the Stoxx 600 increased by 0.4%.
Traders will be watching for the release of the Zew sentiment indicator in Germany at 0900 GMT, with the eurozone’s largest economy showing signs of weakening.
UK unemployment was also lower than expected in the three months to the end of June, while earnings growth continued to slow, supporting British workers.
The markets will nevertheless be focused on producer prices in the United States, expected at 12:30 GMT and which will give an initial idea of ​​the persistence of pressures on prices in the United States.
The main indicator of the week, CPI inflation, will be released on Wednesday and could force investors to reassess their monetary or economic outlook for the United States.
In terms of values, Valneva jumped 7.8% after reporting a drop in its turnover over a year but a profit, compared to a loss a year ago.
HelloFresh reported second-quarter core earnings that beat expectations on Tuesday, rising 23.11%.
(Written by Corentin Chappron, edited by Kate Entringer)
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