PARIS (Reuters) – The main European stock exchanges should advance to the opening on Thursday, while trading will be driven by a burst of results and indicators.

Futures contracts suggest an opening up 0.59% for the Parisian CAC 40, 0.51% for the FTSE in London, 0.43% for the Dax in Frankfurt and 0.55% for the EuroStoxx 50.

Many European companies will have published their results by the opening on Thursday.

In France, Airbus, Renault, Orange, Pernod Ricard and Safran could react after their financial publications.

Numerous data are also expected in the United States, while CPI inflation surprised on the rise in January. The Philly Fed Activity Index and retail sales for January are due at 1:30 p.m. GMT, while industrial production will be released at 2:15 p.m. GMT.

This data is key to investors, who will be looking for signs that the Federal Reserve’s restrictive monetary policy continues to pass through the economy and cool activity.

The latest Japanese GDP figures showed that the Japanese economy contracted in the last quarter of 2023, with Germany becoming the third largest economy in the world ahead of Japan.

VALUES TO FOLLOW:

A WALL STREET

The New York Stock Exchange ended sharply higher on Wednesday, in the wake of gains by Uber and its rival Lyft, while Nvidia overtook Alphabet as the third largest valuation on Wall Street before the publication of its quarterly results on Tuesday. next week.

The Dow Jones index gained 0.40% to 38,424.27 points. The broader S&P-500 gained 0.96% to 5,000.62 points. The Nasdaq Composite advanced 1.30% to 15,859.15 points.

Uber rose nearly 15% to an all-time high following the announcement of a $7 billion share buyback program. Lyft jumped more than 35% after reporting better-than-expected earnings and forecasting positive cash flow for the first time this year.

IN ASIA

The Tokyo Stock Exchange ended higher on Thursday, at its highest level in 34 years, with the microchip sector following the gains of its peers on Wall Street. The Nikkei index gained 1.21% to 38,157.94 points. The broader Topix gained 0.28% to 2,591.85 points.

The investor SoftBank Group took 3.59%, Tokyo Electron 5.01%.

Chinese markets are closed this week.

RATE

US yields erode ahead of new data.

The ten-year Treasury yield fell 2.9 basis points to 4.2378%, while the two-year rate was unchanged at 4.5782%.

The yield on the German ten-year rate declined by 3.6 bps to 2.313%, while that of the two-year rate lost 2.9 bps to 2.7197%.

CHANGES

The yen strengthened against the dollar after politicians warned on Wednesday that “rapid” movements in the currency were being closely monitored by the central bank, with the yen hitting its lowest level since November on Tuesday.

The dollar declined by 0.08% against a basket of reference currencies, while the euro gained 0.06% to 1.0731 dollars. The pound sterling remains at $1.2552.

In Asia, the yen strengthened by 0.27% to 150.15 yen per dollar, while the Australian dollar was stable at $0.6492.

OIL

Crude markets are falling after the announcement by the American Energy Information Administration of an increase in crude stocks of 12 million barrels in the United States last week, against an increase of 2.6 million expected by consensus.

Brent weakened by 0.37% to $81.3 per barrel. American light crude (West Texas Intermediate, WTI) lost 0.42% to $76.32.

MAIN ECONOMIC INDICATORS ON THE AGENDA FOR FEBRUARY 15

COUNTRY GMT INDICATOR PERIOD PREVIOUS CONSENSUS

EZ 10:00 Trade balance December €21.5 billion €20.4 billion

USA 1:30 p.m. Retail sales January -0.1% +0.6%

– over one year na +5.59%

Empire State Index February -15.0 -43.70

USA 1:30 p.m. Philly Fed February Index -8.0 -10.6

USA 1:30 p.m. Unemployment registrations week. at 10 220,000 218,000

FEBRUARY

USA 2:15 p.m. Industrial production January +0.3% +0.1%

– over one year na +0.98%

(Written by Corentin Chappron, edited by Tangi Salaün)

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