2024-01-04 08:45:47
A trader works at CMC Markets, London
The main European stock markets are moving slightly upwards on Thursday at the start of the session after their sharp decline the day before and before the publication of PMI indices on economic activity in the euro zone.
In Paris, the CAC 40 gained 0.24% to 7,429.69 points around 08:25 GMT. In London, the FTSE 100 gained 0.39% and in Frankfurt, the Dax advanced 0.31%.
The EuroStoxx 50 index is up 0.29%, the FTSEurofirst 300 is up 0.43% and the Stoxx 600 is up 0.38%.
Published Wednesday evening, the minutes of the Federal Reserve’s latest monetary policy meeting provided little insight into the timetable for rate cuts that the Fed might follow, whose officials noted an “unusually high degree of uncertainty” for the economic horizon.
In this context, investors will remain very attentive to economic data, including the final PMI indices in Europe expected later in the morning.
In terms of values, the oil and gas sector (+0.94%) supports the trend in the wake of the increase in crude prices. In Paris, TotalEnergies gained 0.66%.
The biggest declines in the Stoxx 600, the British JD Sports fell by 16.08% after a profit warning and the German Evotec fell by 20.28% after the announcement of the surprise departure of its manager.
(Written by Blandine Hénault)
1704370902
#Cautious #rebound #Europe #PMIs