PARIS (Reuters) – Wall Street is expected to rise on Thursday, while European stock markets advance mid-session, driven by a burst of results and the decline in oil prices.

Futures on New York indices suggest Wall Street opening in the green, with the Dow Jones rising 0.25%, while the Standard & Poor’s 500 takes 0.26% and the Nasdaq 0.28%.

In Paris, the CAC 40 advanced 0.38% to 8,011.87 points around 10:55 GMT. The Dax in Frankfurt gained 0.10%, compared to 0.26% for the FTSE in London.

The pan-European FTSEurofirst 300 index rose by 0.22%, compared to 0.38% for the EuroStoxx 50 and 0.19% for the Stoxx 600.

The results liven up the markets in the absence of important indicators, while the semiconductor giant TSMC reported an increase in its turnover on Thursday, supported by demand linked to artificial intelligence.

The AI ​​theme has supported the markets in 2024 and could therefore continue to encourage technology stocks on Thursday.

In Europe, numerous results, such as those from Nokia, Danone or Nordea, are livening up discussions.

The decline in oil prices, which fell 3% during Wednesday’s session and continued their decline on Thursday, is fueling risk appetite.

Several monetary policy makers will speak on Thursday: Federal Reserve Board of Governors members Michelle Bowman, John Williams and Raphael Bostic will speak in the afternoon. These comments will be followed closely, because American monetary policy makers will stop speaking from April 20, ahead of the next Fed meeting on May 1.

VALUES TO FOLLOW IN WALL STREET

TSMC reported a 9% rise in first-quarter net profit on Thursday, beating market expectations, thanks to soaring demand for semiconductors used in artificial intelligence applications. Semiconductor sector stocks advance before the open.

VALUES TO FOLLOW IN EUROPE

Danone confirmed its financial objectives for 2024 on Thursday after an increase of 4.1% on a comparable basis in its turnover in the first quarter, and progress of 1.84%.

Automotive supplier Forvia reported on Thursday robust order intake and organic revenue growth of 3.1% in the first quarter, which pushed the stock up 3.36%.

La Française des Jeux reported on Wednesday a turnover in the first quarter lower than expectations, and lost 4.31%.

Edenred is up 3.28% after reporting on Thursday better-than-expected operational revenue in the first quarter, driven in particular by the performance of its Reward Gateway platform.

Sartorius Stedim Biotech tumbled 14.36% after reporting on Thursday a turnover down 8.2% in the first quarter in a context particularly of weak demand in China.

ABB, a Swiss engineering company, published a better-than-expected first-quarter profit on Thursday and forecasts faster growth in its turnover in the coming months and advances by 5.37%.

EasyJet said it was confident for the summer season after a good performance in winter driven by growing demand and the increase in capacity and grew by 2.24%.

OIL

Crude prices fell for the second consecutive session, with markets estimating that an Israeli response to Iran’s latest attacks would be more moderate than initially feared.

Brent declined 1.11% to $86.32 per barrel, American light crude (West Texas Intermediate, WTI) dropped 1.1% to $81.78.

RATE

Yields are stagnating in a wait-and-see environment.

The German ten-year yield is stable at 2.463%, the ten-year Treasury yield is unchanged at 4.5792%.

CHANGES

Currencies vary little in the absence of a catalyst.

The dollar eroded by 0.06% against a basket of reference currencies, the euro was stable at $1.0672, and the pound sterling strengthened by 0.2% to $1.2471.

MAIN ECONOMIC INDICATORS ON THE AGENDA FOR APRIL 18:

COUNTRY GMT INDICATOR PERIOD PREVIOUS CONSENSUS

US 12:30 Weekly weekly registrations at 8 215.000 211.000

April unemployment

US 12:30 Activity index “Philly April 2.3 3.2

Fed”

(Written by Corentin Chappron, edited by Zhifan Liu)

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