(Reuters) – European stock markets opened in scattered order at the start of the session on Thursday after the publication of the “minutes” of the last meeting of the Federal Reserve, pending “CPI” data in the United States and while the earnings season is starting slowly.
In Paris, the CAC 40 lost 0.18% to 7,546.79 points around 07:30 GMT. In London, the FTSE 100 gained 0.28% and in Frankfurt, the Dax fell by 0.10%.
The EuroStoxx 50 index is down 0.12%, the FTSEurofirst 300 is up 0.12% and the Stoxx 600 is up 0.13%.
The publication of the “CPI” data, which will take place around 2:30 p.m., will give more clues to investors on the future of the Fed’s monetary policy.
Analysts expect this data to fall 2.3% year-on-year in September, while the core index is expected to remain at 3.2%.
“A higher-than-expected inflation reading would allow yields to extend recent gains and traders to lower expectations of a Fed rate cut in November,” said Tony Sycamore, markets analyst at IG, adding: “Such a scenario should call into question the idea of a ‘Goldilocks’ economy and worry the stock markets.”
On the value side, GSK advances 6% after announcing on Wednesday that it would pay $2.2 billion to settle various disputes in the United States concerning its drug Zantac, accused of causing cancer.
Givaudan advances 2.67% after reporting higher than expected turnover.
Fagron gained 4.7% after reporting a 12.1% increase in its turnover in the third quarter and having confirmed its annual outlook.
(Written by Pauline Foret)
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