PARIS (Reuters) – European stock markets progressed at the opening on Tuesday, ahead of several activity and price indicators during the day.
In Paris, the CAC 40 advanced 0.22% to 8,223.81 points around 07:20 GMT. In Frankfurt, the Dax rose by 0.2%, compared to 0.39% for the FTSE in London.
The pan-European FTSEurofirst 300 index takes 0.39%, the EuroStoxx 50 0.49% and the Stoxx 600 0.36%.
Futures on New York indices suggest a mixed opening on Wall Street, with the Dow Jones falling 0.29%, the Standard & Poor’s 500 and the Nasdaq showing no marked direction.
The final manufacturing PMI activity indicators are expected from 07:45 GMT in the euro zone, and should confirm the slowdown in the industrial sector in March.
The preliminary inflation indicator in Germany will be published at 12:00 GMT, and should confirm the deceleration of prices over one year. A surprise could worry the markets, as investors expect rate cuts from the European Central Bank as early as June, according to money markets.
In terms of values, Voltalia jumped 6.71% after the publication of encouraging 2023 results.
Superdry collapses 47.9% after its CEO gave up on making a takeover offer for the group.
(Written by Corentin Chappron, edited by Blandine Hénault)
Copyright © 2024 Thomson Reuters