by Diana Mandia

(Reuters)-Wall Street is expected on a stable note and European scholarships are evolving on low variations on Friday in mid-session, pending the publication of employment data in the United States later in the day and After an avalanche of business results fed a clear increase the day before. The long-term contracts give an increase up 0.07% for the Dow Jones, stable for the Standard & Poor’s-500 and very slight 0.02% for the Nasdaq. In Paris, the CAC 40 lost 0.15% to 7,995.60 points around 12:31 GMT. In London, the FTSE 100 yields 0.33%. In Frankfurt, the Dax, however, advances 0.01%.

The Eurostoxx 50 index is down 0.18%, the FTSEURofirst 300 by 0.09%and the Stoxx 600 of 0.06%.

The latter index is however on the way to recording its seventh consecutive weekly progression and has recorded its best performance since 2015 compared to Wall Street in the first six weeks of 2025.

The session in Europe is evolving on Friday under the sign of wait -and -see, investors being suspended from the publication at 1:30 p.m. GMT from the monthly report on employment, a key data studied by the Federal Reserve (Fed) to set its monetary policy .

Economists expect 170,000 jobs created in January, but given potential distortions due to cold waves and forest fires in California, the forecast range is wide.

“In recent weeks, the financial markets have focused a lot on Trump and its economic policies, especially on trade, but today it is possible that employment data influence the Fed expectations in terms of rate “Said Derek Halpenny, a strategist in terms of currencies at MUFG.

In Europe, investors learned on Friday that the European Central Bank (ECB) could still be at several “neutral” level interest rate reductions, the rate that does not restrict or stimulates economic growth, according to a note published by the institution.

The “neutral” level of the deposit rate is currently between 1.75% and 2.25%, said BCE, a range below that of 1.75% to 2.5% given by President Christine Lagarde in December . It is likely to feed speculations on new rate drops in Europe, given the weakness of the economic growth of the block.

The markets also learned on Friday that industrial production in Germany fell more than expected in December, recording a decrease of 2.4% compared to the previous month, which suggests that the prospects for the greatest economy in the euro zone are far from cheerful.

The values ​​to follow at Wall Street [USN]

Amazon fell 3.3% in a forefoot after reporting on growth in Thursday of expectations for Amazon Web Services (AWS), its dematerialized computer division (“Cloud”). The annual turnover forecast communicated by the American technological giant has also disappointed.

Values ​​in Europe

The French cosmetics giant L’Oréal fell by 3.9% after having recorded the lowest growth of its quarterly sales from the pandemic, penalized by the persistent weakness of Chinese demand. The decline in action causes a 0.65% drop in the sectoral index.

Elsewhere in Europe, Porsche AG decreases by 6%, the automaker having warned against the impact of the cost of new models and expenses related to batteries on its profit in 2025.

RATE

Bond yields in the euro zone are changing little Friday before American employment data.

The yield of the German Bund at ten years fell 0.7 base points to 2,3660%. The two years takes 0.5 base points at 2.0610%.

The trend is similar in the United States: the yield of Treasuries at ten years grabbed 0.2 basic points at 4.4403%. The two years takes 2.5 base points at 4.2328%.

Changes

The Japanese yen has been playing at its highest against the dollar since December 10 and is about to achieve its best weekly performance since the end of November with anticipation of the Rate of the Bank of Japan (BOJ) while data on growth Salaries strengthen the chances of a tightening of monetary policy in the Asian country.

At mid-session in Europe, the Japanese motto loses a little ground and fell 0.4% to 152.17 yen for a dollar

The dollar and the euro are rather stable before the American data: the greenback is advancing 0.12% against a basket of reference currencies and the euro fell from 0.05% to 1.0376 dollars.

OIL

Oil prices are increasing on Friday after the taxation of new sanctions on Iran’s gross exports by the US Treasury, but were in the process of knowing a third consecutive week of decline, penalized by the risk of trade war of the American president Donald Trump against China and other countries.

Brent increased by 0.62% to 74.75 dollars per barrel and American brut (West Texas Intermediate, WTI) from 0.59% to $ 71.03.

Main economic indicators at the agenda of February 7:

Pays GMT indicator previous consensus period

USA 1:30 p.m. Jobby creations 170,000 256,000

Unemployment rate 4.1% 4.1%

Average hourly salary +0.3% +0.3%

– over one year +3.8% +3.9%

USA 3:00 p.m. feeling indicator of February 71.1 71.1

The University of Michigan

(preliminary)

(Some data may accuse a slight offset)

(Written by Diana Mandiá, edited by Augustin Turpin)

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