By Pauline Foret

PARIS (Reuters) – The main European scholarships are expected upwards after China said they were willing to negotiate with Washington about the tariff war between them.

The term contracts on indices suggest an opening up 1.13% for the Parisian CAC 40, 1.29% for the Dax in Frankfurt, 0.65% for the FTSE in London and 1.14% for the Eurostoxx 50.

The possibility of de-escalation in the customs war between China in the United States seems to encourage markets this Friday while the results of the Apple giant on Thursday were a scathing reminder of the cost of tariff obstacles.

The Chinese Ministry of Commerce said it was “to assess” an offer from Washington to keep negotiations about customs duties of 145% imposed by US President Donald Trump, adding that Beijing was open to discussions. China has nevertheless specified that Washington had to show “sincerity” in negotiations and should be ready to cancel its unilateral surcharges.

The season of results, which will continue during the day with notably Shell and Basf, has so far been marked by warnings regarding the cost of customs duties, many companies that have lowered or even suspended their perspectives.

On Thursday, one of the largest American companies, Apple, lowered its share repurchase program of $ 10 billion and warned that customs duties could cause a cost of $ 900 million in the upcoming quarter.

The session will also be punctuated by many business results and several indicators closely monitored, such as preliminary inflation for the euro zone, the “PMI” indices in France and Germany and the creation of non-agricultural jobs in the United States.

Several companies reported their quarterly results on Wednesday and Thursday, including Airbus, Persimmon, Lloyds Bank or Rolls Royce.

HSBC announced on Thursday the departure of its President Mark Tucker by the end of the year, after spending almost eight years at the head of the largest bank in Europe.

A Wall Street

The New York Stock Exchange ended up on Thursday, the Dow Jones and the S & P-500 registering in the green for an eighth consecutive session, after the solid quarterly results of Microsoft and Meta have appeased fears about heavy investments made in artificial intelligence (AI).

After the fence, Amazon, on the other hand, reported growth in turnover of its dematerialized computer division (“cloud”) and an operating result below the first quarter estimates, which disappointed investors.

The group’s title has lost up to 5% in post-closing stock exchange, before moderating its losses.

In Asia

The Tokyo Stock Exchange ended up on Friday, driven by the overall craze as to the possibility of a lull in the trade war which has turned the markets in recent weeks.

The Nikkei index won 1.04% at 36,830.69 points. The wider topix took 0.31% to 2,687.78 points.

In China, the composite index of the Shanghai Stock Exchange fell by 0.12% and the CSI 300 of large capitalizations abandons 0.12%.

RATE

American bond yields are stable pending the publication of the highly anticipated report on the number of non -agricultural jobs.

The yield of Treasuries at ten years is stable at 4.2308%, while the two years earns 2.0 pb at 3.7209%.

The yield of the German Bund at ten years earns 1.2 pb at 2.4510% and the two years 0.5 basic point at 1.7010%.

Changes

The dollar is falling somewhat this Friday but is about to sign its third consecutive weekly increase in the possibility of appeasement in trade tensions and less gloomy results.

The dollar loses 0.25% against a basket of reference currencies.

The euro earns 0.15% to 1.1308 dollars.

OIL

Oil prices are up this Friday, Beijing declarations having rekindled hope for a de -escalation of the trade war which opposes the two largest world economies and which could have a considerable impact on demand.

Brent gained 0.45% at 62.41 dollars per barrel and American brut (West Texas Intermediate, WTI) advances from 0.49% to 59.53 dollars.

(Written by Pauline Foret, edited by Augustin Turpin and Blandine Hénault)

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