PARIS (Reuters) – The main European stock markets moved in mixed order on Friday in the first trades, depending on company results that were differently appreciated.
In Paris, the CAC 40 lost 0.79% to 6,834.52 points around 07:49 GMT. In London, the FTSE 100 lost 0.16% while in Frankfurt, the Dax rose 0.03%.
The EuroStoxx 50 index is down 0.28%, the FTSEurofirst 300 is down 0.34% and the Stoxx 600 is down 0.12%.
After Alstom, Worldline and Plastic Omnium, the Paris Stock Exchange is experiencing new “profit warnings” with Remy Cointreau (-7.21%) which has drastically lowered its objectives for 2023-2024 and Sanofi which plunges by 13.65% in due to cautious objectives for 2024 and 2025 in a context of increased investments in R&D and increased taxation.
The European health sector subsequently suffered the largest sectoral decline (-1.04%).
At the top of the Stoxx 600, lighting manufacturer Signify climbed 11.75% after reporting better-than-expected quarterly results.
(Written by Blandine Hénault, edited by Kate Entringer)
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