PARIS (Reuters) – The main European stock markets are moving in dispersed order at the start of the session on Friday the day after the announcements by the European and British central banks, pending this afternoon monthly figures on employment in the United States.
In Paris, the CAC 40 lost 0.09% to 6,999.09 points around 09:55 GMT. In London, the FTSE 100 gained 0.56% with the rise in oil stocks and in Frankfurt, the Dax fell by 0.75%.
The EuroStoxx 50 index is down 0.41%, the FTSEurofirst 300 by 0.04% and the Stoxx 600 by 0.33%.
Stock market indices ended in the red on Thursday after the Bank of England’s key interest rate was raised again to 0.5% and statements by ECB President Christine Lagarde, who did not reaffirm that a rate hike this year was “very unlikely” as inflationary risk is on the upside.
Given the record level of inflation in the zone (5.1% over one year in January) and the change in tone of the ECB, Goldman Sachs expects the Frankfurt institution to raise its interest rates 25 basis points in September and December.
In the bond market, the ten-year German Bund yield hit a new high since March 2019 at 0.203%, before falling back to 0.172%.
Among the indicators expected in the program of the day, the market will follow the publication of the US employment report at 13:30 GMT. According to economists polled by Reuters, the United States should have created 150,000 jobs in January, after 190,000 jobs created in December.
On the stock market, almost all European sectors are down with the exception of the banking sector (+0.4%) and energy (+1.7%).
BNP Paribas gains 3.52%, ahead of Publicis (+3.28%) which continues to benefit from the solid annual results and forecasts announced Thursday
Vinci gains 1.06% after saying it anticipates annual net profit above that of 2019, before the pandemic.
Sanofi is up 0.7% as the pharmaceuticals group expects further growth in net earnings per share from operations this year after posting strong results in 2021.
(Laetitia Volga, edited by Blandine Hénault)
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