PARIS (Reuters) – The main European stock markets, apart from London, fell slightly on Thursday morning in a context linked to the wait for the publication of numerous macroeconomic indicators in Europe and the United States while investors are also evaluating the announcements from the American Federal Reserve (Fed).
In Paris, the CAC 40 fell by 0.74% to 7,926.16 points around 07:40 GMT. In London, the FTSE 100, supported by finance, advanced 0.21%. In Frankfurt, the Dax fell by 0.14%.
The EuroStoxx 50 index fell by 0.43%, the FTSEurofirst 300 by 0.19% and the Stoxx 600 by 0.17%.
Futures contracts on Wall Street predict an increase of 0.30% for the Dow Jones, 0.47% for the Standard & Poor’s 500 and 0.62% for the Nasdaq the day after a session in scattered order.
After a break linked to Labor Day on May 1, investors are digesting the announcements from the American Federal Reserve (Fed), which as expected, left its key rates unchanged, in a range of 5.25%-5.50 %.
Fed Chairman Jerome Powell, however, deplored the slow decline in inflation, while ruling out a further increase in interest rates.
At the same time, the latest American economic indicators such as the ADP survey, pending the publication of the monthly employment report on Friday, demonstrate a still vigorous labor market.
In the euro zone, investors will learn a little before 08:00 GMT of the final results of activity in the manufacturing sector, while a new burst of quarterly company publications is livening up trade.
Among these results, Worldline jumped 6.69% after reporting better than expected organic growth in its turnover in the first quarter. Teleperformance soars by 13.54% after growing turnover in the first quarter. Technip Energies, on the other hand, is down, by 4.94%, after the publication of its quarterly accounts.
Elsewhere in Europe, financial publications dominate with notably Stan Chart which climbs 6.33% after better than expected results, while ING advances 5.49% despite quarterly net interest income down 4.7%. %.
BBVA sells 1.42% having proposed to its competitor Sabadell (+8.4633%) a merger project to create one of the largest European banking groups with more than 1,000 billion euros in assets.
In health, Novo Nordisk fell by 2.72% despite raising its outlook for this year, while in the steel industry Arcelormittal gained 0.98% after a quarterly operating profit above expectations.
The energy sector fell by 1.6%, notably in the wake of the surprise quarterly net loss announced by Vestas (-4.63%), the world’s leading manufacturer of wind turbines.
(Writing by Claude Chendjou, edited by Kate Entringer)
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