Europe opens in disorganized order, the CAC 40 suffers before the elections – 06/28/2024 at 10:14

Europe opens in disorganized order, the CAC 40 suffers before the elections – 06/28/2024 at 10:14
Europe opens in disorganized order, the CAC 40 suffers before the elections – 06/28/2024 at 10:14

Traders work on the New York Stock Exchange

The main European stock markets are moving in a mixed order in early trading on Friday, with the rise in crude oil prices, which is supporting stocks in the sector, failing to offset the caution required ahead of the publication of inflation data in the United States later in the day and the first round of legislative elections in France on Sunday.

In Paris, the CAC 40 is down and lost 0.64% to 7,490.14 points at around 07:40 GMT, two days before the first round of the legislative election, a source of concern for investors for several weeks.

In London, the FTSE 100 gained 0.3% and in Frankfurt, the Dax advanced 0.21%.

The EuroStoxx 50 index is down 0.04%, the FTSEurofirst 300 is up 0.12% and the Stoxx 600 is up 0.08%.

The European sector of the energy sector increased by 0.57% in the wake of the rise in crude prices.

In terms of values, Nokia is up 3.35% after signing an agreement to buy Infinera Corp, for an enterprise value of 2.3 billion dollars (2.15 billion euros).

JD Sports dropped 4.2% in the wake of forecasts from NIKE, which announced on Thursday that it expected a drop in its turnover in 2025.

Air France-KLM lost around 5% after a downgrade from Barclays, while Atos fell 12.7% after announcing overnight from Thursday to Friday that it had been informed of the resignations with immediate effect of David Layani and Helen Lee Bouygues from its board of directors and of Onepoint’s desire to exit its capital.

(Written by Augustin Turpin, edited by Blandine Hénault)

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