PARIS, April 11 (Reuters) – The main European stock markets are moving in dispersed order at the start of the session on Monday against a backdrop of an uninterrupted rise in bond yields, which favors the rise in banking stocks but slows down technology. In Paris, the CAC 40 gained 0.6% to 6,587.52 points around 07:40 GMT while in London, the FTSE 100 lost 0.63% and in Frankfurt, the Dax fell 0.15%. The EuroStoxx 50 index is up 0.07% but the FTSEurofirst 300 drops 0.71% and the Stoxx 600 0.18%. On the government bond market, the ten-year German Bund yield, a benchmark for the euro zone, reached 0.772%, its highest level since February 2018, and its American equivalent, at 2.7477%, is moving at highest since March 2019. The French ten-year, for its part, rose less sharply to 1.271% and its difference with the German ten-year fell below 50 basis points the day after the first round of the presidential election, which partly allayed fears of a defeat of the outgoing, Emmanuel Macron. The week that is beginning will be animated, among other things, by the figures for consumer prices in the United States on Tuesday, and by the monetary policy meetings of the Bank of Canada (Wednesday) and the European Central Bank (Thursday). The latter still faces the same dilemma as last month due to fears that the war in Ukraine will favor both an acceleration in inflation and a slowdown in growth. For Franck Dixmier, director of fixed rate investments at AllianzGI, “it seems difficult for the ECB to justify the very accommodating setting of its monetary policy” and “it should therefore announce, as the Fed is loud and clear, a return to fundamentals of its mandate: to ensure price stability”. In China, the increase in producer prices reached 8.3% year on year in March, a figure even higher than expected. On the equity side, the rise in yields once again benefited banking stocks, including the European Stoxx index, which rose by 1.03%. In Paris, Crédit Agricole gained 1.41% and BNP Paribas 2.89%. Societe Generale wins 6.7%, by far the best performance of the CAC 40, also benefiting from the announcement of its withdrawal from Russia without questioning its policy of distribution to shareholders. Down, technology stocks are suffering from the decline of the Nasdaq on Friday and Tokyo on Monday: their Stoxx index yields 0.94% and Dassault Systèmes (-0.81%) is the red lantern of the CAC. (Written by Marc Angrand)