PARIS (Reuters) – Major European stock markets opened higher on Wednesday as markets prepared for key U.S. data.
In Paris, the CAC 40 rose by 0.15% to 7,496.82 points at around 07:05 GMT. The Dax in Frankfurt strengthened by 0.06%, while the FTSE in London gained 0.15%.
The pan-European FTSEurofirst 300 index gained 0.09%, the EuroStoxx 50 gained 0.12% and the Stoxx 600 increased by 0.08%.
The revision of US employment figures, expected at 1400 GMT, will give an idea of ​​the extent of the weakening of the US labour markets, while rates remain restrictive and could only fall by 25 basis points in September.
The consensus expects a downward revision which, if it turns out to be larger than expected, could revive fears of a recession in the world’s largest economy.
In this respect, the minutes of the last economic policy meeting of the Federal Reserve, at 6:00 p.m. GMT, will allow us to understand the central bank’s analysis of American activity.
In terms of values, Alcon, the eye care specialist, fell by 2.5% after reporting lower-than-expected results in the second quarter.
(Written by Corentin Chappron, edited by Kate Entringer)
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