PARIS (Reuters) – The main European stock markets progressed at the opening on Friday, investors positioning themselves for the publication of PMI indicators essential to understanding the trajectory of the European economy.
In Paris, the CAC 40 rose by 0.62% to 7,257.98 points around 08:03 GMT. The Dax in Frankfurt strengthened by 0.58%, while the FTSE in London increased by 0.66%.
The pan-European FTSEurofirst 300 index gained 0.51%, the EuroStoxx 50 gained 0.63% and the Stoxx 600 grew by 0.57%.
European markets continue their rebound that began on Thursday, after four consecutive sessions in the red.
Several uncertain factors remain and could derail this recovery.
The PMI indicators expected from 08:15 GMT should confirm the contraction of activity in France and Germany, while the euro zone economy should show very modest expansion.
The final GDP figures in Germany for the third quarter, published before the opening, showed that the growth of the largest European economy had been less strong than initially announced, of 0.1% against 0.2% at first reading .
Investor sentiment also remains under pressure from geopolitical tensions, as the escalation between Ukraine and Russia continues.
In values, Thales lost 4.7%. An investigation was opened in July 2024 by the National Financial Prosecutor’s Office (PNF) into charges of corruption of a foreign public official targeting an arms deal passed by the group in Asia, a judicial source announced on Thursday.
(Written by Corentin Chappron, edited by Blandine Hénault)
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