by Claude Chendjou

PARIS (Reuters) – Wall Street is expected up on Wednesday at the opening, while the main European scholarships, apart from Paris, are also in the green at mid -session, driven by the technological compartment after the solid results of the Dutch group ASML. Futures in New York indices report an opening of Wall Street practically stable for Dow Jones, up 0.09% for Standard & Poor’s 500 and 0.36% for NASDAQ. In Paris, around 11:20 a.m. GMT, the CAC 40 lost 0.20% to 7,882.72 points, weighed down by the luxury sector following the quarterly LVMH results, deemed disappointing. In Frankfurt, the Dax, richer in technological values ​​than the Parisian place, advances 0.82%, after having registered a record at 21,616.46 points. In London, the FTSE takes 0.29%.

The pan -European FTSEUROFIRST 300 index wins 0.72% and the Eurostoxx 50 in the euro zone 0.89%. The Stoxx 600, which affected an unprecedented level at 535.45 points, increased by 0.69%.

After the Panic session on Monday following the presentation by the Chinese start-up Deepseek of a less expensive and nevertheless efficient artificial intelligence model (IA), which can call into question the hegemony of the American giants of Sector, investors continue to return cautiously to risky assets.

The profits released by ASML, in addition to reassuring investors that the prospects of the fleas intended for AI were always solid.

“Today, we see that at least ASML is still taking advantage of the demand from the flea sector (…) It seems that for the moment, the fears concerning the whole of AI and the supply chain AI have been exaggerated, “said Teeuwe Mevissen, economist financial markets at Rabobank.

In addition to “tech”, the attention of investors is also focused on central banks while the Riksbank in Sweden opened the ball of the week by lowering its main key rate on a quarter of a point on Wednesday, to 2.25% , in order to stimulate sluggish economic growth.

The Bank of Canada (BOC) must render its decision as a monetary policy at 2:45 pm GMT before that of the American Federal Reserve (Fed) at 7:00 p.m. GMT and that of the European Central Bank (ECB) on Thursday. The values ​​to follow at Wall Street

Microsoft, Meta and Tesla, three American flagship companies from the “Seven Magnificent” group must publish their quarterly accounts after the closure of Wall Street.

Applied Materials, Micron Technology, Lam Research and Kla Corp each advance by almost 4% in front in the wake of ASML.

Values ​​in Europe ASML climbed 8.75% after reporting on Wednesday taking orders significantly higher than expectations for the fourth quarter due to high demand in artificial intelligence (IA). The technological index in Europe advances 3.9%with in particular stmicroelectronics (+1.52%), BE Semiconductor (+5.59%) and ASM International (+6.56%).

LVMH fell by 5.03% after the publication of its fourth quarter results, the luxury group failed to impress investors after a series of good results from its competitors and recent lessons. In its wake, Kering abandons 5.60%and Dior 5.13%, while the sectoral index in Europe gives 0.76%.

Rémy Cointreau plunges 5.26% after having said to be more pessimistic about his annual sales forecasts, leading to his Diageo fall (-1.30%), while the European drinks and diet compartment is falling 0, 41%.

Akzonobel lost 5.37%, the manufacturer of the Dulux paintings having announced on Wednesday anticipating an operating profit for 2025 lower than consensus.

TELE2 jumped 6.08%, the Swedish telecom operator having announced job cuts and better financial forecasts than expected for 2025.

Volvo advances 5.56%. The Swedish heavy goods vehicle manufacturer reported a sharp increase in its orders in the fourth quarter and noted the dividend paid to the shareholders.

Rate Sovereign bond yields in Europe and the United States are retreating slightly, the traders being awaiting decisions of the Fed and the ECB, as well as the results of American technological companies. A status quo on Fed rates is expected this Wednesday and a drop of 25 basic points on ECB’s rates on Thursday.

The yield of the German ten years, reference for the euro zone, gives 1.7 base points, to 2.544%.

Data published Wednesday showed that banking loans to companies in the 20 countries in the euro area resumed last month, a sign that the recent rapid interest rate decreases began to affect the real economy.

The yield of American treasury bills at ten years fell 2.1 basic points, to 4.5284%.

“If the benefits of American technological companies are disappointing, this could lead to more profits on actions and purchases of refuge values ​​such as treasury bills and bunds, as we saw at the beginning of the week”, underlines Kenneth Broux, head of research on currencies and rates at Société Générale.

Changes Dollar, up 0.25%, to 108.13 points, varies little on Wednesday before the Fed decision, investors being pending indices on the scale of the drop in guiding rates of the Central bank this year.

“The obstacle for (Jerome) Powell is that it is difficult to judge the way in which the macroeconomic situation will evolve with uncertainty surrounding customs duties and budgetary policy”, underlines Mohit Kumar, chief economist and strategist at Jefferies, making reference to the president of the Fed.

The euro fell by 0.28%to 10399 dollars, while the pound sterling exchanges $ 1.2,414 (-0.22%).

OIL

The oil market is receding with the increase in crude stocks in the United States last week and the appeasement of fears on Libyan production.

The Brent refused from 0.46% to $ 71.60 per barrel and the American light crude (West Texas Intermediate, WTI) from 0.77% to 73.20 dollars.

No more major economic indicator at the agenda of the day

(Written by Claude Chendjou, edited by Kate Entringer)

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