Europe: Quiet start to trading for equities


The main European stock markets are moving in dispersed order but with small differences at the start of the session on Tuesday, awaiting a sign indicating the direction to take.

PARIS (Reuters) – The main European stock markets are moving in dispersed order but with small differences at the start of the session on Tuesday, awaiting a sign indicating the direction to take.

In Paris, the CAC 40 took 0.03% to 6,733.10 points at 07:28 GMT. In London, the FTSE 100 lost 0.22% and in Frankfurt, the Dax advanced by 0.39%.

The EuroStoxx 50 index is up 0.28%, the FTSEurofirst 300 is down 0.01% and the Stoxx 600 is up 0.27%.

“It’s a week of transition for the Paris Stock Exchange. Major economic announcements are scheduled for next week,” Saxo Bank said in a note, referring to the European Central Bank meeting and consumer prices in the United States. United.

Western countries, citing war crimes by Russian forces in Ukraine, are preparing to adopt further sanctions against Moscow, which could cause a further spike in commodity prices and consequently increase pressure on central banks to deal with inflation.

Fear of a more limited oil supply in the event of Russian hydrocarbon sanctions is pushing crude prices up by around 1%.

The European energy sector gained 0.51%.

The Stoxx technology index advanced 0.82%, still benefiting from the rise of the Nasdaq the day before on Wall Street.

Market operators will be watching for the publication in the morning of the final figures for the month of March of the services and composite PMI activity indicators.

(Laetitia Volga, edited by Sophie Louet)

Copyright © 2022 Thomson Reuters



Source link -84