Europe rises despite pandemic and Fed fears, Corporate News

PARIS, Aug. 10 (Reuters) – The main European stock markets opened slightly higher on Tuesday, in the wake of Asia, despite lingering concerns about the spread of the Delta variant of the coronavirus and about an upcoming monetary tightening by the Federal Reserve ( American Fed). In Paris, the CAC 40 index gained 0.1% to 6,819.66 points around 07:55 GMT. In Frankfurt, the Dax takes 0.2% and in London, the FTSE is up 0.06%. The EuroStoxx 50 index of the euro zone climbs 0.28%, the FTSEurofirst 300 gains 0.26% and the Stoxx 600 also advances by 0.26%, thus remaining at a record level. At the top of the sector increases, the tourism and leisure compartment took 1.47%, driven by the progression of the betting specialist Flutter (+ 6.58%) after its results, which offsets the decline of 0.19% of the group IHG hotelier. The latter returned to operating profit in the first half of the year but canceled its interim dividend to reduce expenses. In Paris, Air France-KLM fell 1.25% after the warning from the American authorities regarding travel to France. Red lantern of SBF 120, Valneva fell 5.3% after widening its losses in the first half. The only sector to evolve in the red, the banking compartment gave up 0.27% on profit taking after gaining more than 12% over the last 14 days. In Asia, mainland Chinese stock markets ended up more than 1% after initially suffering from statements by the People’s Bank of China, which said it wanted to maintain stable monetary policy, dampening hopes of easing. to deal with the downturn in the economy. (Written by Blandine Hénault, edited by Marc Angrand)

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