by Claude Chendjou

Paris (Reuters) – Wall Street is expected stable Thursday at the day after a session in the green, the hope of a faster than expected drop in the rates of the American Federal Reserve (Fed) being again on The front of the stage with regard to the latest macroeconomic indicators.

The European scholarships, they are progressing at mid-session, carried mainly by business results, while on the monetary level, the decision of the Bank of England (BOE) is expected at 12 noon GMT.

In Paris, the CAC 40 earns 0.73% at 7,948.86 points around 11:20 a.m. GMT. In Frankfurt, the Dax advances by 0.69%, after touching a historic summit at 21,807.57 points. In London, the FTSE takes 1.17%.

The pan -European FTSEUROFirst 300 index increased by 0.70%, the Eurostoxx 50 in the euro zone of 0.67%. The Stoxx 600, up 0.67%, scored a record on Thursday at 543.26 points.

All the major compartments of the main pan -European index are in green, in particular that of basic resources (+3.41%) which notably benefits from the results of the first copper producer in Europe, Aurubis.

Futures in New York indices report an opening of Wall Street in 0.03% withdrawal for the Dow Jones, but an increase of 0.09% for Standard & Poor’s 500 and a 0.05% drop for NASDAQ.

The session of the day before was positive after the activity of the United States US services in the United States showed an unexpected slowdown in January.

The figures for weekly registration for work in the United States are scheduled at 1:30 p.m. GMT before the publication of the official monthly on employment on Friday, which could give the market signs of the weakening of the economy, which could push the Fed to lower its rates more than expected.

In Great Britain, the BOE should proceed this Thursday to a reduction of a quarter of its borrowing costs to bring its main key rate back to 4.5%, in order to stimulate a British economy in a half-mail despite inflationary pressures always strong.

The values ​​to follow at Wall Street

QUALCOMM lost 4.8% in a forefoot Thursday despite sales higher than expectations, the group providing no growth in revenues from licenses this year after the expiration of an agreement concluded with Huawei Technologies.

Ford Motor fell 4.9% in a forefoot. The automaker announced on Wednesday to anticipate a net loss of up to $ 5.5 billion for its activities related to electric vehicles and software this year.

Values ​​in Europe

Société Générale climbs 9.13% after having announced that it has doubled its profit in the fourth quarter and reports a rebound in the retail banking in France.

Kering lost 0.61%, Gucci, the Italian fashion house of the group that announced Thursday ending its collaboration with the director of creation Sabato de Sarno, without providing explanations. The luxury sector in Europe remains well oriented, taking 0.24%.

Astrazeneca jumped 5.08%, the laboratory having announced to anticipate sales for 2025 better than expected while the turnover of the fourth quarter has exceeded expectations.

Maersk climbs 8.56% after having published a profit in the fourth quarter higher than the forecasts. Aurubis advances 3.48% after announcing a profit before taxes in the first quarter higher than market expectations.

RATE

The yield of American treasury bills at ten years rising slightly, from 1.6 base points, to 4.4362%, but it remains close to a hollow of more than a month.

The British Gilt yield gives in 1.1 basic point, to 4.427%, before the BOE announcements.

That of the German Bund in the same maturity gains approximately one basic point, at 2.372%, after having touched on Wednesday 2.345%, at the lowest since January 2.

The Spread between the Bund and the French Bund is practically stable, appearing at around 71 base points, while the French Prime Minister, François Bayrou, escaped without surprise Wednesday at the motions of censorship of the National Assembly on the draft budget 2025 and the social security financing bill.

Changes

The dollar increased on Thursday 0.4% against a basket of reference currencies, but remains close to its recent lower. Traders assess the risks of a trade war and are awaiting data on American employment. The dollar index has reached a two -year summit at 110.17 points on January 13, but has since fallen by 2%, certain investors believing that a world trade war could be avoided, according to Chris Turner, market manager at ING.

The pound sterling fell 0.69%, to $ 1.2,421, before the Boe monetary policy decision.

The euro is negotiated at 1.0364 dollars, withdrawn by 0.37%.

OIL

Oil prices are riding slightly on Thursday after Saudi Aramco highly noted its gross prices for March, in a context of great volatility.

Brent increased by 0.62% to $ 75.23 per barrel and light American crude (West Texas Intermediate, WTI) from 0.90% to 71.67 dollars.

(Written by Claude Chendjou, edited by Sophie Louet)

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