FTSE 100 up 0.20%, DAX up 0.21%, CAC 40 up 0.16% (Il Sole 24 Ore Radiocor) - Milan, 27 Aug - European share prices were slightly higher at midday, after the Dow Jones Industrial Average set a new record high in dealings yesterday after Federal Reserve chair Jerome Powell indicated "the time is right" for an interest rate cut.

In European data, Germany's GDP in the second quarter fell by 0.1% on the previous quarter, on a price, seasonally and calendar adjusted basis after rising by 0.2% on a quarterly basis in the first three months of 2024, according to the statistics office Destatis.

According to a survey published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM) Germany's consumer climate is expected to come in at -22.0 points in September compared to a revised -18.6 points in August.

At 0946 GMT, London's FTSE 100 benchmark was up 0.20% at 8,344.19 points as investors returned after a bank holiday yesterday. Frankfurt's DAX added 0.21% to 18,660.35 points while in Paris the CAC 40 was up 0.16% at 7,602.77 points.

Milan's FTSE MIB increased 0.41% to 33,743.00 points and in Madrid the IBEX 35 was up 0.30% at 11,299.00 points.

AAA-Web

(RADIOCOR) 27-08-24 12:22:44 (0272) 5 NNNN