(Reuters) – The main European stock markets advance at the start of the session on Monday, as the markets begin a week full of financial results and key economic data.
In Paris, the CAC 40 gained 0.63% to 8,225.91 points around 07:47 GMT. In Frankfurt, the Dax rose by 1.07% and in London, the FTSE 100 rose by 0.52%.
The EuroStoxx 50 index is up 0.96%, the FTSEurofirst 300 is up 0.77% and the Stoxx 600 is up 0.77%.
This Monday marks the start of a week loaded with financial results and economic data.
In the United States, despite the partial paralysis of American administrations, the Federal Bureau of Statistics maintained the publication of data on CPI inflation, necessary for a wide range of indexations and expected on Friday.
Furthermore, producer prices in Germany, a key indicator of inflation, fell more than expected in September year-on-year, according to data from the Federal Statistical Office published on Monday.
In terms of values, Kering rose 4.4% after announcing on Sunday evening that it had agreed to sell its beauty division to L’Oréal for 4 billion euros.
On the other hand, Forvia is in the red and fell by 3.5 after having reported a drop of 3.7% in its turnover in the third quarter due to negative exchange rate effects.
(Written by Mara Vîlcu, edited by Augustin Turpin)
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