Stock market Europe opens higher ahead of new key indicators







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PARIS (Reuters) – The main European stock markets opened higher on Tuesday, with investors awaiting the publication of data on inflation in the euro zone and retail sales in the United States later in the day.

In Paris, the CAC 40 gained 0.36% to 7,598.61 points around 07:51 GMT.

In Frankfurt, the Dax advances by 0.46% and in London, the FTSE 100 gains 0.52%.

The EuroStoxx 50 index is up 0.49%, the FTSEurofirst 300 by 0.45% and the Stoxx 600 by 0.48%.

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European stock markets continue their rebound after the strong turbulence of last week due to the early legislative elections in France and pending the publication of economic data later on Tuesday.

Investors are notably awaiting final figures for inflation in the euro zone at 09:00 GMT and retail sales in the United States at 12:30 GMT. The latter will be particularly monitored in order to evaluate the monetary policy plans of the American Federal Reserve (Fed).

Additionally, European Central Bank (ECB) Vice President Luis de Guindos and several Fed officials will speak during the day.

In Paris, Carrefour lost 9.6% after La Lettre reported that the French Ministry of the Economy was demanding a 200 million euro fine against the group for the management of its franchise network.

Banks continue to recover (+1.13%) after their losses last week.

(Written by Diana Mandia, edited by Blandine Hénault)











Reuters

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