The main European stock markets are trading with slight variations on Tuesday at the start of the session, investors remaining cautious in the face of uncertainty in the Middle East, the announced suspension of attacks between Israel and Iran not being enough to dispel fears of a prolonged conflict.
In Paris, the CAC 40 .FCHI gained 0.06% to 8,204.16 points around 07:28 GMT. In Frankfurt, the Dax .GDAXI fell 0.25% and in London, the FTSE 100 .FTSE lost 0.54%.
The EuroStoxx 50 .STOXX50E index gained 0.14%, while the FTSEurofirst 300 .FTEU3 lost 0.03% and the Stoxx 600 .STOXX dropped 0.02%.
If Israel and Iran declared on Monday that they had suspended their mutual attacks, the situation in the Middle East remains anything but clear, the Israeli army having ordered the evacuation of the inhabitants of the port city of Tire, in the south of Lebanon, in anticipation of possible strikes which could again compromise the fragile truce in the region.
Pending further developments, oil prices are taking a break after the previous day’s rebound, while the technology sector .SX8P (+0.35%) of the Stoxx benefits slightly from the recovery observed on Wall Street and in Asia in the semiconductor sector, after a rally in stocks and Broadcom’s forecasts sparked a wave of mistrust last weekend.
In Paris, Valeo VLOF.PA, which announced a memorandum of understanding with Calyos to develop and industrialize high-performance autonomous electronic chip cooling solutions, climbed more than 6%, signing the best performance of the SBF 120.
Elsewhere in Europe, UBS UBSG.S rises 1.5% after Reuters reported that Swiss MPs would consider a new proposal to ease capital requirements on the bank.
The pharmaceutical group GSK GSK.L lost 3.7% after announcing its intention to acquire Nuvalent NUVL.O, a developer of anti-cancer drugs listed in the United States.
(Rédigé by Diana Mandiá, edited by Augustin Turpin)
|1|Stocks to follow on the Paris Stock Exchange and in Europe WATCH/LFR |1|
