PARIS (Reuters) – The main European scholarships retreat on Wednesday at the opening, the indices positioning itself for the next Fed meeting after having scored strong increases during the previous session.
In Paris, the CAC 40 folded up from 0.08% to 8.108.32 points around 8:10 a.m. GMT. The Dax in Frankfurt fell 0.34%, while the FTSE in London abandons 0.34%.
The pan -European FTSEUROFIRST 300 index loses 0.25%, the Eurostoxx 50 fell by 0.33%and the Stoxx 600 declines by 0.25%.
“Now that the Bundestag has adopted its tax package and that Trump and Putin have started to discuss a peace agreement in Ukraine, the attention of the markets will be headed for the many central banking meetings scheduled for this week, starting with the Banque du Japan (BOJ) and the Federal Reserve (Fed)”, summarize Natixis strategists.
The Fed must announce at 6:00 p.m. GMT its decision on its rates, which it should keep unchanged in the face of the deep uncertainty in which the American economy is plunged.
The European markets also integrate the implications of the historic vote on Tuesday of the reform of the brake to debt in Germany.
Berlin will soften the budgetary rules in defense spending, while the creation of an infrastructure fund of 500 billion euros has also been approved by parliamentarians.
At the values, the manufacturer of Traton utility vehicles loses 6.7%, Volkswagen having announced its intention to sell up to 11 million shares in the group.
(Written by Corentin Chappron, edited by Augustin Turpin)
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