PARIS (Reuters) – The main European stock markets rose at the start of the session on Tuesday after three consecutive sessions of gains, but the trend is cautious pending the publication of monthly inflation figures in the United States.
In Paris, the CAC 40 gained 0.48% to 6,364.15 points around 08:30 GMT. In London, the FTSE 100 takes 0.19% and in Frankfurt, the Dax advances by 0.24%.
The EuroStoxx 50 index rose by 0.39%, the FTSEurofirst 300 by 0.43% and the Stoxx 600 by 0.32%.
Investors are awaiting US Consumer Price (CPI) figures for August which will be released at 12:30 GMT. The consensus is counting on a slowdown in price increases to 8.1% over one year, but so-called core inflation could continue to accelerate.
The market is torn between a rate hike of half a point or three-quarters of a point on September 21, during the US Federal Reserve (Fed) monetary policy meeting.
“A further slowdown in inflation would support the case for reducing the pace of monetary policy tightening with a 50 basis point rate hike at next week’s FOMC meeting,” says Kristina Clifton, economist at CBA.
In Europe, German inflation was confirmed on Tuesday at 8.8% over one year in August, while figures for the entire euro zone will be published on Friday.
In values, Schneider Electric advances by 0.13% and the British group Aveva by 2.90% while, according to the Sky News channel, the French group is close to an agreement to buy back some 41% of the capital of its target. which he does not yet hold for around 3.5 billion pounds (4.04 billion euros).
Swiss bank UBS gains 1.3% after announcing plans to raise its dividend by 10% and says it expects its share buybacks this year to exceed the $5 billion target ($4.9 billion euros), which will increase the return to shareholders after the abandonment of the Wealthfront acquisition project.
(Written by Claude Chendjou, edited by Sophie Louet)