by Blandine Henault

PARIS (Reuters) – The main European stock markets are expected to rise slightly on Friday, in the wake of Wall Street futures which rise after Amazon’s results and before the highly anticipated inflation statistic in the United States.

Futures contracts report an increase of 0.24% for the CAC 40, 0.15% for the Dax in Frankfurt, 0.16% for the FTSE in London and 0.14% for the Stoxx 600.

Asia is moving in the green and futures on the Nasdaq indicate a rebound of around 0.8%, thanks to the good results published by Amazon after the disappointments surrounding Meta and Alphabet.

The e-commerce giant said late Thursday it expects a jump in revenue and profit in the fourth quarter, with a successful campaign for special promotion days, faster deliveries and improved customer service. horizon for its cloud computing division.

In addition to the publication of results which are continuing, the main event of the day will be the publication at 12:30 GMT of the PCE inflation index in the United States.

This inflation measure favored by the Federal Reserve (Fed) will be important in determining the future trajectory of rates across the Atlantic as the American economy was stronger than expected in the third quarter. The Fed will make its next monetary policy decision on November 1.

The inflation statistics will end an intense week marked by an avalanche of corporate results, a status quo from the European Central Bank (ECB) and important economic indicators.

For now, the Stoxx 600 has managed to remain more or less stable since the start of the week, while the S&P 500 is down 2%.

VALUES TO FOLLOW:

New company publications are expected in Paris with Sanofi, Safran, Air France-KLM, Rémy Cointreau and Amundi among others.

A WALL STREET

Futures contracts signal a rebound from the negative close on Thursday, for a second consecutive session, following the release of mixed quarterly results and economic data that showed the resilience of the US economy, fueling fears that the Fed will maintain high interest rates over a prolonged period.

The Dow Jones index lost 0.76% to 32,784.30 points. The broader S&P-500 lost 1.18%, to 4,137.23 points. The Nasdaq Composite fell 1.76% to 12,595.61 points.

IN ASIA

The Tokyo Stock Exchange ended up 1.27% following Wall Street.

In China, the CSI 300 of large capitalizations increased by 1.64%, on the verge of signing its fourth consecutive session of increase, after the announcement of an increase in the profits of Chinese industrial companies in September.

RATES/EXCHANGES

The bond and currency markets are awaiting inflation data in the United States after the strong US GDP statistics on Thursday, which argued for a prolonged restrictive monetary policy from the Fed.

The dollar, which is on track for a weekly gain, is virtually unchanged against a basket of benchmark currencies.

The yield on ten-year Treasuries gained three basis points, to 4.8749% and its German equivalent was stable, at 2.842%.

OIL

Crude prices are driven by fears of a spread of the conflict in the Middle East after the announcement of strikes by the American army against two installations used by the Revolutionary Guard Corps, an elite Iranian force, and groups to which he supports in eastern Syria.

A barrel of WTI rose 1.61% to $89.35 and that of American light crude (WTI) gained 1.62% to $84.56.

(Written by Blandine Hénault, edited by Jean-Stéphane Brosse)

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