PARIS (Reuters) – European markets opened in mixed order on Tuesday before the publication of a crucial inflation indicator in the United States during the day.
In Paris, the CAC 40 is moving around 7,092.74 points around 07:30 GMT, while the FTSE in London is also hesitating. In Frankfurt, the Dax gained 0.14%.
The pan-European FTSEurofirst 300 index and the Stoxx 600 are standing still, while the EuroStoxx 50 is up 0.11%.
Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones and Standard & Poor’s 500 showing no marked direction, while the Nasdaq is expected to rise 0.19%.
A wait-and-see attitude prevails before the publication of inflation data in the United States at 1:30 p.m. GMT, which will help determine the trajectory of the Federal Reserve’s monetary policy.
Surprise on the indicator or not, “it is reasonable to imagine that monetary policy makers at the Fed and most other G10 central banks will continue to oppose investors’ hopes of rate cuts,” write Rabobank strategists.
The Zew index of investor sentiment and revised GDP in the euro zone are also expected at 10:00 GMT, while the end of the results season continues to drive the indices.
In terms of values, Glencore advances 3.33% after announcing to purchase a 77% stake in the steelmaking coal activities of Canadian miner Teck Resources for $6.93 billion in cash.
Delivery Hero jumped 4.41% among the best performers on the Stoxx 600 after revising its outlook for the year upwards.
(Written by Corentin Chappron, edited by Kate Entringer)
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