PARIS (Reuters) – Wall Street is expected to be mixed at the opening on Thursday, while the European stock markets decline mid-session in a consolidation movement after two sessions of clear progress.

Futures on New York indices suggest an opening on Wall Street without a clear direction, the Dow Jones and the Standard & Poor’s 500 not showing a marked trend, while the Nasdaq drops 0.2%.

In Paris, the CAC 40 declined by 0.38% to 7,181.94 points around 10:47 GMT, compared to a drop of 0.49% for the FTSE in London, and an increase of 0.38% for the Dax in Frankfurt, supported by the progression of Siemens.

The pan-European FTSEurofirst 300 index lost 0.33%, compared to a decline of 0.17% for the EuroStoxx 50 and 0.36% for the Stoxx 600.

Risky assets jumped after the release of inflation in the United States and Britain on Tuesday and Wednesday, the slowdown of which suggests that central banks are finished with rate hikes.

However, the American economy remains resilient: retail sales published on Wednesday slowed less than expected by the consensus in October, and several other important indicators are expected this week, including unemployment claims or the Philly activity index. Fed Thursday at 1:30 p.m. GMT.

Upward surprises could once again revive market concerns, raising the risk that the Federal Reserve will maintain a restrictive stance at its December meeting.

Furthermore, the mixed indicators published in China and Japan this week reflect the slowdown in the global economy, eroding investors’ risk appetite.


Cisco Systems lowered its annual revenue forecast Wednesday, a sign that demand for its networking equipment is slowing, and now expects revenue between $53.8 billion and $55.0 billion.

Activist investor ValueAct Capital has taken a significant stake in Walt Disney and believes the group’s stock price could double, people familiar with the matter said Wednesday.


Vallourec climbs 4.08% after the seamless steel tube maker raised its annual gross operating income (GOR) outlook citing a favorable market environment in the Eastern Hemisphere region.

Siemens reported a record quarterly profit for its industrial division on Thursday, causing the stock to jump 4.58%, despite a more cautious sales outlook for 2024 due to persistent destocking among Chinese customers.

Burberry has warned that its revenue growth forecast for the current financial year may need to be revised down as global luxury spending slows. The stock lost 10.23% and took with it the European luxury sector, which fell by 1.34%. LVMH lost 2.25%, Kering 2.19%, Richemont lost 1.47% and Moncler 0.66%.

Hellofresh falls 22.45% at the bottom of the Stoxx 600 after the meal kit maker on Wednesday cut its forecast for the 2023 financial year, citing weaker revenue growth and higher expenses than expected in the North American unit.

Embracer soars 12.95% at the top of the Stoxx 600 after the Swedish game developer announced a higher-than-expected operating profit for the second quarter, with its restructuring program bearing fruit.


Yields are down slightly ahead of new US activity indicators.

The yield on the ten-year Treasury fell 4.3 bp to 4.4941%, while the two-year fell 3 bp to 4.8862%.

The German ten-year yield fell by 2.3 bp to 2.608%, that of the two-year rate fell by 1.3 bp to 2.999%.


The foreign exchange markets are calm before the publication of new activity indicators in the United States on Thursday.

The dollar is standing still against a basket of reference currencies, the euro remains at $1.0847 and the pound sterling falls by 0.19% to $1.2395.


Investors are worried about a rise in weekly crude inventories in the United States, which increased by 3.6 million barrels last week to 421.9 million, according to data published by the American Energy Information Administration.

Brent dropped 0.21% to 81.01 dollars per barrel and American light crude (West Texas Intermediate, WTI) declined 0.25% to 76.47 dollars, falling below 80 dollars per barrel for the first time since august.



USA 1:30 p.m. Activity index “Philly November -9.0 -9.0


USA 1:30 p.m. Unemployment registrations week. at 11 220,000 217,000


USA 2:15 p.m. Industrial production October -0.3% +0.3%

– over one year na +0.08%

(Written by Corentin Chappron, edited by Blandine Hénault)

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