2024-04-15 07:35:22
European stock markets are moving cautiously at the opening on Monday, worried regarding rising tensions in the Middle East but encouraged by the latest monetary policy decision from the European Central Bank (ECB). In Paris, the CAC 40 .FCHI rose by 0.36% to 8,040.06 points around 07:31 GMT. In Frankfurt, the Dax .GDAXI gained 0.44%, compared to 0.10% for the FTSE .FTSE in London. The pan-European index FTSEurofirst 300 .FTEU3 increased by 0.10%, the EuroStoxx 50 .STOXX50E by 0.49% and the Stoxx 600 .STOXX was stable. New York index futures suggest Wall Street opening higher, with the Dow Jones .DJI strengthening by 0.41%, compared to 0.5% for the Standard & Poor’s 500 .SPX and 0.51% for the Nasdaq .IXIC . Iran carried out a large-scale attack on Israel on Saturday, raising fears of a conflagration in the region and a disruption of oil supplies. Investors nevertheless welcome the latest decision from the ECB, which kept its rates unchanged last Thursday while opening the door to a future cut. Investors expect a first easing at the June meeting. 0#ECBWATCH The defense sector .SXPARO increases by 0.8% following the Iranian attack. Adidas ADSGn.DE advances 3.16% following Morgan Stanley raised its recommendation on the group from “underweight” to “overweight”. (Written by Corentin Chappron, edited by Blandine Hénault)
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