by Blandine Henault
PARIS (Reuters) – The main European stock markets are expected to rise at the opening on Friday, in the wake of Wall Street futures after the results of several big names in the American technology sector.
Futures contracts report an increase of 0.88% for the CAC 40, 0.57% for the Dax in Frankfurt, 0.74% for the FTSE in London and 0.86% for the Stoxx 600.
On Wall Street, futures contracts suggest an increase at the opening on Friday, after a close in the red, particularly for the Nasdaq expected to increase by more than 1%.
Thursday evening, Alphabet announced its first dividend in its history and Microsoft beat expectations thanks to the success of its new artificial intelligence (AI) features. These publications should support the technological compartment in Europe as in the United States, despite the disappointment with Intel.
On today’s agenda, investors will also be attentive to the publication at 12:30 p.m. GMT of the American PCE inflation indicator, the price measure favored by the Federal Reserve (Fed), while questions have increased recently about the trajectory interest rates in the United States in the face of the resilience of the economy and the persistent rise in prices.
This publication will come a few days before the monetary policy meeting of the American central bank, Tuesday and Wednesday.
New results publications are expected in Europe after an already busy week. In Paris, TotalEnergies published its quarterly results.
A WALL STREET
The New York Stock Exchange closed lower on Thursday, after indicators suggesting that inflation remains high and disappointing results from Meta Platforms.
The Dow Jones index lost 0.98% to 38,085.80 points, the S&P 500 lost 0.46% to 5,048.42 points and the Nasdaq Composite fell 0.64% to 15,611.76 points. .
IN ASIA
The Tokyo Stock Exchange rose 0.81% after the Bank of Japan (BoJ) decided to leave its rates unchanged, as expected.
In China, the composite index of the Shanghai Stock Exchange increased by 1.13% and the CSI 300 of large capitalizations advanced by 1.44% against a backdrop of recovery in investor sentiment towards the Chinese stock market.
The Hong Kong Stock Exchange gained 2.6% and is on track to record its best week in 18 months.
CHANGES
The yen hit a new 34-year low against the dollar on Friday after the status quo adopted by the BoJ which leaves open the risk of official intervention on the foreign exchange market.
The yen fell to 156.21 yen per dollar, the lowest since 1990.
The dollar is almost stable (+0.01%) against a basket of reference currencies, such as the euro which is moving at 1.0731 dollars.
RATE
The yield on ten-year Treasuries stabilized at 4.6816% after gaining five basis points the day before following the publication of US GDP for the first quarter and pending PCE inflation figures.
In Europe, the yield on the German Bund of the same maturity drops one basis point, to 2.606%.
OIL
Oil prices are increasing and heading towards a weekly gain after two consecutive weeks of decline.
The barrel of Brent rose 0.55% to $89.49 and that of American light crude (WTI) gained 0.5% to $84.02.
(Written by Blandine Hénault, edited by Kate Entringer)
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