PARIS (Reuters) – European markets advance to the opening on Monday, ahead of a week marked by the meeting of the European Central Bank (ECB) on Thursday.
In Paris, the CAC 40 advanced 0.38% to 8,091.55 points around 07:35 GMT. In Frankfurt, the Dax gained 0.35%, compared to 0.13% for the FTSE in London.
The pan-European FTSEurofirst 300 index gained 0.13%, the EuroStoxx 50 0.23% and the Stoxx 600 0.08%.
New York index futures suggest a mixed Wall Street opening, with the Dow Jones and Standard & Poor’s 500 showing no direction, compared to an increase of 0.11% for the Nasdaq.
The ECB will meet on Thursday, and the institution’s statements will set the tone for European markets, which anticipate a pause in April but a rate cut in June.
“There is a broad consensus among ECB members that June is a key date for the first rate cut,” explains François Rimeu, senior strategist at La Française AM.
“This meeting should therefore have a limited impact on the financial markets, but it should still push European interest rates and the euro downward, due to an increased probability of seeing the rate cut cycle finally start.”
Believe fell 9.45% after Warner Music announced on Saturday that it would not submit a buyout offer for the group.
Atos gained 10.07% after Butler Industries announced on Sunday that it had joined the group rescue plan led by Onepoint, which aims in particular to avoid any plans to sell the group in difficulty.
(Written by Corentin Chappron, edited by Kate Entringer)
Copyright © 2024 Thomson Reuters