European stock markets steadied after early declines, with cautious investors awaiting economic indicators and monitoring geopolitical tensions in the Middle East. The CAC 40 remained stable, while the FTSE 100 and DAX saw declines. Significant stock movements included DSV rising by 6.19% and AkzoNobel gaining 3.03%.
European stock markets steadied at the beginning of Friday’s session after an initial decline, as investors were cautious awaiting key economic indicators and closely monitoring developments in the Middle East. – In Paris, the CAC 40 was unchanged, slightly up by 0.03% at 7,481.14 points around 07:20 GMT. – In London, the FTSE 100 dropped by 0.9%, while Frankfurt’s DAX fell by 0.22%. – The EuroStoxx 50 remained stable with a minor decrease of 0.01%. The FTSEurofirst 300 rose by 0.06% and Stoxx 600 was up by 0.15%. Geopolitical risks are heavily impacting market sentiments, especially with the U.S. considering supporting potential Israeli strikes against Iranian oil infrastructure in retaliation for missile attacks from Tehran. Such geopolitical tensions previously led to retaliatory actions that affected oil supplies, raising concerns among investors. Investors are expected to remain cautious as central bank officials, including Luis de Guindos, Claudia Buch, and Frank Elderson, speak at various events throughout the day. Key economic releases include France’s industrial production figures at 09:45 and the U.S. monthly employment report at 14:30. In stock movements, DSV saw a rise of 6.19% after raising nearly $50 billion for the acquisition of Schenker, Deutsche Bahn’s logistics branch. AkzoNobel gained 3.03% as it plans to revise its Asian portfolio to cut costs. Scor and Covivio rose by 2.85% and 3.8%, respectively, following favorable recommendations.
The article discusses the current state of European stock markets in the context of geopolitical tensions, particularly focusing on developments in the Middle East and economic indicators that investors are awaiting. It highlights how geopolitical risks and upcoming economic reports from France and the U.S. are influencing investor sentiments and market performance across major European indices.
Overall, European markets have stabilized despite initial declines, reflecting cautious investor sentiment amid geopolitical uncertainties and anticipation of key economic data. Specific stock movements indicated both gains in logistics and chemical firms, signaling sector-specific performance amidst broader market concerns.
Original Source: www.boursorama.com
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