The Brongniart Palace, former Paris Stock Exchange
PARIS (Reuters) – The main European stock markets hesitated on Monday morning in a context of cautious appetite for risk, with uncertainty remaining high on the trajectory of central banks.
In Paris, the CAC 40 took 0.14% to 7,397.23 points around 07:35 GMT. In London, the FTSE 100 remains immobile (-0.03%), and in Frankfurt, the Dax gains 0.06%.
The EuroStoxx 50 index rose by 0.16%, the FTSEurofirst 300 by 0.10% and the Stoxx 600 by 0.16%.
Wall Street will be closed on Tuesday, American Independence Day, which should limit risk taking on the markets.
Uncertainty over the path of central banks is weighing on investors, while worse-than-expected economic data released on Monday raised fears of a slowdown in major Western economies.
Australia’s central bank paused in raising its key rate but signaled that it had not reached its terminal rate, fueling fears that inflation would prove more resilient than expected to tighter monetary policies in the rich countries.
On the equity markets in Europe, Virbac (-9.4%) tumbles to the bottom of the SBF 120 after an alert on its results.
The Casino share posted the best performance of the SBF 120 after a volatile opening, up 10.4%, the distributor having confirmed the receipt of two proposals aimed at strengthening its equity.
(Report Corentin Chapron)