PARIS (Reuters) – The main European stock markets are moving higher on Thursday at the start of the session, awaiting announcements from the European Central Bank (ECB) which is expected to announce a first cut in its interest rates.
In Paris, the CAC 40 gained 0.37% to 8,035.94 points around 07:30 GMT. In London, the FTSE 100 gained 0.1% and in Frankfurt, the Dax advanced 0.74%.
The EuroStoxx 50 index is up 0.6%, the FTSEurofirst 300 is up 0.59% and the Stoxx 600 is up 0.56%.
Optimism predominates before the widely anticipated decision of a rate cut by the ECB but the trend could prove more volatile during the press conference of the president of the institution Christine Lagarde who will have to specify the monetary trajectory on the end of the year.
Reinforced expectations around a rate cut by the Federal Reserve in September also favor the American technology sector, which brings the compartment to Europe (+1.71%).
In terms of values, Atos jumped 9.26% after postponing the decision on the two revised financial restructuring offers it received, one from the consortium led by Onepoint, David Layani’s company, and the other from the company EP Equity Investment (EPEI) of Czech businessman Daniel Kretinsky.
Rémy Cointreau advances by 5.33% after having said it expects a gradual recovery in its margin and its activity in 2024-2025.
(Written by Blandine Hénault, edited by Kate Entringer)
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