PARIS (Reuters) – The main European stock markets opened in the green on Monday, at the start of a week poor in indicators and which pushes the markets to focus again on fundamentals.
In Paris, the CAC 40 rose 0.14% to 7,279.51 points around 08:03 GMT. The Dax in Frankfurt strengthened by 0.18%, while the FTSE in London gained 0.17%.
The pan-European FTSEurofirst 300 index rose by 0.02%, the EuroStoxx 50 was stable and the Stoxx 600 grew by 0.02%.
The immediate impacts of the American election now seem to be integrated into prices.
“If the contours of the future Trump administration are becoming clearer, with the pace of appointments to various key positions, there is at this stage very little certainty emerging about the economic policy of a Donald Trump from January , beyond customs tariffs”, summarize Natixis strategists.
“The markets, and in particular the interest rate markets, are therefore reduced to speculating on a possible reaction from the Federal Reserve in the face of still equivocal macro data.”
The Fed signaled Thursday that its rates may not fall as quickly as expected if inflation and growth remain well oriented.
On Wednesday, the results of Nvidia, a heavyweight in the technology sector, will also cause the markets to react.
Part of the performance of American stocks can in fact be explained by the enthusiasm for artificial intelligence, made possible by semiconductors produced by Nvidia.
In terms of values, Vivendi fell 1.1% after announcing on Monday that it expected stable revenues in 2024 for Havas and Canal +.
(Written by Corentin Chappron, edited by Kate Entringer)
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