PARIS (Reuters) – The main European stock markets rose at the start of the session on Monday awaiting the publication of indicators in the main economies of the euro zone.
In Paris, the CAC 40 rose by 0.71% to 7,333.69 points around 08:13 GMT. The Dax in Frankfurt strengthened by 0.34%, while the FTSE in London was virtually unchanged.
The pan-European FTSEurofirst 300 index gained 0.24%, the EuroStoxx 50 gained 0.78% and the Stoxx 600 grew by 0.22%.
The session will be marked by the publication of numerous indicators in Europe as investors bet on a 100 basis point cut from the European Central Bank (ECB) in the first half of 2025.
In addition to the French, German and Eurozone PMIs for December, the market is notably awaiting preliminary inflation in Germany for December early this afternoon.
PMIs for the UK will also be released during the session.
The week will also be marked by the publication of preliminary inflation for December and France and the euro zone on Tuesday.
Across the Atlantic, it is the publication of the December employment report which will be particularly scrutinized at the end of the week after the American Federal Reserve (Fed) has ruled out the prospect of significant rate cuts in 2025.
In terms of values, Imerys gained 3.2% after the update on the progress of the “chapter 11” procedure of the North American Talc entities.
(Written by Bertrand De Meyer, edited by Blandine Hénault)
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