Mixed stock markets, new absolute record for Paris

Stock markets are mixed Thursday with the resurgence of recession fears in the United States, investors are also busy with the start of corporate results in Europe.

In Asia, Tokyo rose 0.26% but Chinese stock markets ended in the red despite China's exports rebounding in March for the first time in six months.

Shanghai lost 0.3%.

Hong Kong was down 0.15% by 0800 GMT, hurt by losses in the tech sector after the Financial Times reported that Japanese tech investment giant SoftBank Group had made arrangements to sell most of its remaining stake in the Chinese group Alibaba.

In Europe, the jump in quarterly sales of LVMH supported the Parisian rating (+0.90%), which established an absolute record in points for the third consecutive session, while the Frankfurt places (+0.26%), London (+0.07%) and Milan (-0.14%) were more timid.

Read alsoChinese stock markets down at the opening

Fear of recession across the Atlantic?

Wall Street ended in the red on Wednesday after the U.S. Federal Reserve's team of economists said recent banking woes could lead to "

," according to minutes from the last meeting. Fed monetary policy in March.

Inflation in the United States slowed to 5% year on year in March, doing better than expected, and thus stands at its lowest level in almost two years, according to the CPI price index.

But inflation excluding energy and food prices accelerated to 5.6% from 5.5% in February.

As long as this part of inflation does not decline, it is difficult for the Fed to opt for a more flexible message on its monetary tightening, which has been in place for just over a year to reduce inflation.

The trend of the day will be dictated by another component of inflation, the producer price index in the United States, before focusing on Friday on the results of four giants of American financial services, including JPMorgan and Scythian.

"

" and "

of the American Central Bank, underlines Michael Hewson analyst at CMC Markets.