Eurozone stocks mixed at opening

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Eurozone stock markets diverged at the open on Monday after U.S. Federal Reserve Chairman Jerome Powell said last week that the central bank was ready to cut interest rates.

The Paris CAC 40 index rose 0.2% to 7,589.50 points while the Frankfurt DAX fell 0.3% to 18,578.25 points.

London’s FTSE 100 index was closed for a public holiday.

Powell said Friday at an annual meeting of central bankers that “the time has come” for the Fed to begin cutting interest rates, which had been pushed to their highest level in 23 years as part of efforts to fight inflation.

lth/jm