Europe cautious ahead of the week's major events
In Paris, the CAC 40 was down 0.13% at 7,923.97 points at around 08:48 GMT. In London, the FTSE 100 gave up 0.22%, while in Frankfurt, the Dax was virtually stable (-0.01%).
The EuroStoxx 50 index was up by 0.19%, the FTSEurofirst 300 by 0.09% and the Stoxx 600 by 0.04%.
On the value side, the luxury goods sector posted the steepest declines in Paris on the back of profit-taking after a solid start to the year.
Hermès fell by 1.51%, Kering lost 2.07% and LVMH gave up 1.37%.
Conversely, Teleperformance recovered 0.45% on bargain-basement buying, after having fallen back last week due to the deployment by its competitor Klarna of an artificial intelligence (AI)-based assistant.
At the top of the CAC 40, BNP Paribas advanced 1.56% after announcing the launch of its share buyback program for 2024.
The technology sector (+1.04%) was the biggest riser in Europe, following the segment's gains on Friday on Wall Street and on Monday in Japan on the back of a frenzy surrounding the AI theme.
(Written by Blandine Hénault, edited by Zhifan Liu)
Go to the original article.
Contact us to request a correction