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.

According to the first available indications, the Parisian CAC 40 is up 0.41% at the opening. Futures contracts on the FTSE in London suggest an opening advance of 0.3%, compared to 0.31% for the Dax in Frankfurt, and 0.42% 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 figures.

Numerous data are 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.

Furthermore, 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 the archipelago.

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 ahead of the publication of its results quarterly 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, its highest level in 34 years, as the microchip sector followed the gains of its peers on Wall Street. The Nikkei index gained 1.21% to 38,157.94 points. While 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 2.3 bps to 4.2437%, while the two-year rate was stable at 4.5782%.

CHANGES

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

The dollar declines by 0.05% against a basket of reference currencies, while the euro stands still at 1.0726 dollars, and the pound sterling remains at 1.2564 dollars.

In Asia, the yen strengthened by 0.25% to 150.18 yen per dollar, while the Australian dollar eroded by 0.08% to 0.6485 dollars.

OIL

Crude markets are falling after the American Energy Information Administration announced that crude inventories in the United States had increased by 12 million barrels the previous week, against an increase of 2.6 million expected by consensus.

Brent weakened by 0.44% to $81.24 per barrel, American light crude (West Texas Intermediate, WTI) lost 0.5% to $76.26.

MAIN ECONOMIC INDICATORS ON THE AGENDA FOR FEBRUARY 15

COUNTRY GMT INDICATOR PERIOD PREVIOUS CONSENSUS

GB 07:00 Gross domestic product (1st Q4 -0.1% -0.1%

estimate)

– over one year +0.1% +0.3%

GB 07:00 Industrial production December -0.1% +0.3%

– over one year -0.4% -0.1%

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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