Break for European equities at the opening | Photo credits: Groupe PSA, Communications Department
PARIS, Jan. 5 (Reuters) – The main European stock markets move in scattered order and with limited variations at the start of the session on Wednesday, with investors pausing after recent highs amid a market context which remains optimistic about the pandemic although the The prospect of monetary tightening in the United States is on everyone’s mind.
In Paris, the CAC 40 was stable at 7,317.72 points around 08:40 GMT after a historic peak in session at 7,335.24. In London, the FTSE 100 yielded 0.02% and in Frankfurt, the Dax advanced 0.15%. The EuroStoxx 50 index is up 0.04%, the FTSEurofirst 300 drops 0.02% and the Stoxx 600 0.09%. The latter marked an unprecedented high on Tuesday, supported by reassuring new information on the dangerousness of the Omicron variant of the coronavirus and by solid economic indicators.
Investors will be following with interest the minutes of the December Fed meeting, due at 7:00 p.m. GMT, which may highlight policy makers’ increased vigilance on inflation and willingness to tighten policy. monetary institution. Expectations of a hike in US interest rates sent Treasury yields surging on Tuesday, causing a rotational movement to the detriment of tech stocks on Wall Street and Asia. The Nasdaq is indicated for the moment down 0.35% at the opening after losing 1.33% the day before. In Europe, the technology sector by ricochet loose 0.13% after having already yielded 1.45% Wednesday.
The session will also be animated by the publication of the final results of the surveys of managers (PMI) in the services in the morning before the ADP survey on private employment in the United States, at 13:15 GMT. On the value side, Renault (+ 2.77%) leads the CAC 40 after having reached an agreement with the American Qualcomm for the supply of electronic chips. Valneva loses 5.90% after falling 28% over the first two sessions of the week due to studies showing that the Omicron variant is less dangerous than previous strains of the coronavirus.
(Laetitia Volga, edited by Blandine Hénault)