PARIS (Reuters) – The main European scholarships are up on Monday at the opening, after the conservative victory on Sunday in Germany and before several key data publications this week.
In Paris, the CAC 40 folded up from 0.16% to 8,141.42 points around 8:05 a.m. GMT. The Dax in Frankfurt is strengthened by 0.78% against 0.1% for the FTSE in London.
The pan -European FTSEUROFirst 300 index takes 0.05%, the Eurostoxx 50 wins 0.15%and the Stoxx 600 0.1%.
The conservatives of the CDU/CSU won the legislative elections on Sunday in Germany, before the alternative far-right party for Germany.
The relief dominates in the worried markets of the progression of this anti-immigration and pro-Russian party, although negotiations to form a coalition government promises to be laborious.
“The challenges of the next German government are colossal while German GDP is generally at its 2018 level and that the country’s industrial production evolves 15% below its pre-Cavid level,” add the strategists of Natixis.
A salvo of data is expected in the coming days: German IFO on Monday, the business climate indices in the euro zone Thursday, the Flash inflation of February for the four major countries in the euro zone Thursday and Friday and the second GDP estimates for the first quarter throughout the week.
In the United States, PCE inflation for January will be published on Friday.
At the values, Elior jumped 3.2% after Citigroup resumed the monitoring of the value with a recommendation to “buy”.
(Written by Corentin Chappron, edited by Kate Entringer)
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