PARIS (Reuters) – The main European stock markets are moving slightly lower at the start of the session on Monday, data on American inflation reassuring investors who are digesting the latest statements from Christine Lagarde in the Financial Times.
In Paris, the CAC 40 fell by 0.2% to 7,259.96 points around 08:05 GMT. The Dax in Frankfurt lost 0.43%, while the FTSE in London declined by 0.26%.
The pan-European FTSEurofirst 300 index lost 0.96%, the EuroStoxx 50 fell by 0.37% and the Stoxx 600 declined by 0.14%.
Inflation data published on Friday across the Atlantic reassured investors about the pace of monetary easing after statements less well received by the markets at the start of the week from the President of the American Federal Reserve (Fed) Jerome Powell.
The agreement reached at the end of the week to avoid a “shutdown” and to continue funding federal agencies is also reassuring as the week promises to be very calm in terms of data and monetary news.
In Europe, Christine Lagarde, President of the European Central Bank (ECB) declared on Monday in an interview with the Financial Times that the institution is on the verge of achieving its inflation objective in the euro zone.
The session should also be marked by the wait for the constitution of François Bayrou’s government in France.
In terms of values, VusionGroup gained 8% after an agreement with Walmart US.
(Writing by Bertrand De Meyer, edited by Kate Entringer)
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