On the back of Wall Street’s rebound after four sessions in the red, Paris’ CAC 40 was up 0.74% to 6,498.27 around 09:00 GMT. In London, the FTSE 100 is up 0.27% and in Frankfurt, the Dax is up 0.68%.
The EuroStoxx 50 index rose 0.75%, the FTSEurofirst 300 index 0.54% and the Stoxx 600 index rose 0.69%, in what appears to be the start of a year-end rally.
Futures on the main American indices also point to a continuation of the rebound with a rise of 0.52% for the Dow Jones, 0.51% for the Standard & Poor’s 500 and 0.57% for the Nasdaq.
In terms of economic indicators, German consumer sentiment continued to recover for the third consecutive month with a GfK index for January coming in at -37.8 versus -38.0 expected by economists polled by Reuters.
On the stock market in Europe, the positive trend is driven by the consumer sector of so-called non-essential goods and services thanks to the publication of the financial accounts of Nike, whose share rises by 13% in out-of-session trading. The American sports equipment maker announced better-than-expected quarterly earnings on Tuesday night and the strongest growth in its sales in 42 quarters excluding the fourth quarter of 2021. Adidas and Puma advanced 7.56% and 8%, respectively. .46%.
The health sector is also in demand (+0.53%). Philips (+4.1%) announced that independent tests on its respirators, subject to a massive recall, had shown limited health risks. Sanofi takes 1.50% following approval by the MHRA, the British health authority, of its Vidprevtyn vaccine against COVID-19.
Uniper jumped 5.91% after the European Commission gave the green light to Berlin’s bailout of the German energy company.
(edited by Claude Chendjou, edited by Kate Entringer)
