Europe shares open mostly lower; earnings in focus
FTSE 100 up 0.47%; DAX down 0.40%; CAC 40 down 0.30% (Il Sole 24 Ore Radiocor) - Milan, 25 Apr - European shares opened mostly lower after yesterday's losses and a muted close on Wall Street overnight, with the Stoxx 600 index down 0.38%.
Investors remained on the sidelines as they continued to monitor fresh earnings reports from European companies including Deutsche Bank, Nestle, BNP Paribas, Barclays and Airbus as the earnings season continues in full swing.
Traders also awaited first quarter US gross domestic product data later today and the US personal consumption expenditures price index for March - the Federal Reserve's favored inflation gauge - due on Friday for fresh hints about the state of the world's biggest economy and outlook for interest rates ahead of the next Fed policy meeting on April 30-May 1.
In European stock market dealings most sectors were mixed, with miners leading the gains and lifting London's FTSE 100 index after Anglo American said it had received an 'unsolicited, non-binding and highly conditional combination proposal' for an all-share takeover by Australia's BHP Group.
Healthcare stocks were also moderately higher while food and beverage shares dropped.
At 0735 GMT the FTSE 100 was up 0.47% at 8,078 points, hovering at all-time highs as it rose for a seventh straight session, with hopes of a forthcoming interest rate cut from the Bank of England helping lift sentiment.
The Frankfurt DAX was down 0.40% at 18,001 points. The Paris CAC 40 was down 0.30% at 8,067 points, while in Milan the FTSE MIB was down 0.18% at 34,208 points and in Madrid the IBEX 35 was up 0.11% at 11,039 points.
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(RADIOCOR) 25-04-24 10:01:52 (0252) 5 NNNN