PARIS (Reuters) – The main European stock markets opened in dispersed order on Friday, despite solid statistics on industrial orders in Germany, in a context of caution before the publication of the report on American employment.
In Paris, the CAC 40 advances by 0.27% to 7,280.21 points around 07:33 GMT. In Frankfurt, the Dax is stable, like the FTSE in London.
The pan-European index FTSEurofirst 300 and the Stoxx 600 are treading water, while the EuroStoxx 50 gains 0.28%.
New York index futures suggest a higher opening on Wall Street, with the Dow Jones nibbling 0.16%, while the Standard & Poor’s 500 advanced 0.3% and the Nasdaq 0.43%.
German industrial orders jumped 7% in June, surprising the consensus which was expecting a 2% decline.
However, most of the growth came from the aerospace sector, leaving analysts skeptical about the sustainability of the rebound.
Investors will remain focused on the publication at 12:30 GMT of the official report on job creation in July in the United States, which makes it possible to gauge the resistance of the job market across the Atlantic.
A higher-than-expected figure would be bad news for investors, as it could convince the Federal Reserve to raise rates again to break the wage momentum that is supporting inflation.
In values, Crédit Agricole jumped 4.56% after quarterly results better than expected.
WPP’s warning weighs on the price of the advertising group, which falls by 7.2% and leads to its decline Publicis, down 1.40%, the red lantern of the CAC 40.
(Report Corentin Chapron, edited by Blandine Hénault)
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