PARIS (Reuters) – European markets are hesitant at the opening of a busy session on Tuesday, before an inflation indicator in the euro zone and the next monetary policy meeting of the Federal Reserve on Wednesday.
In Paris, the CAC 40 is stable at 8,060.93 points around 07:17 GMT. In Frankfurt, the Dax nibbles 0.12%, against a hesitant FTSE in London.
The pan-European FTSEurofirst 300 index and the Stoxx 600 open uncertainly, the EuroStoxx 50 loses 0.15%.
Futures on New York indices suggest a mixed opening on Wall Street, with the Dow Jones and Nasdaq not showing marked variations, while the Standard & Poor’s 500 fell by 0.11%.
Euro zone inflation for April will be published at 09:00 GMT, while German inflation published on Monday increased more than expected by consensus.
Markets will be looking for indications in Tuesday’s figures that inflation is less persistent in the Eurozone than in the United States, while services continue to support European price dynamics.
GDP for Germany and the currency bloc are also due on Tuesday and could confirm the economic recovery already suggested by leading indicators.
Investors will also seek to position themselves for the Fed’s next monetary policy decision, which will take place on Wednesday, because European markets will be closed on May 1.
In terms of values, Air France-KLM fell 3.91% after publishing first quarter results below expectations.
Rexel and Stellantis also fell by 2.34% and 1.49% respectively after quarterly results that were worse than expected.
(Written by Corentin Chappron, edited by Kate Entringer)
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