by Claude Chendjou
PARIS (Reuters)-Wall Street is expected slightly in the green at the opening with the hope of an adoption of the tax on tax cuts in the United States, while European scholarships, weighed down by disappointing PMI indices, retreat to mid-session on Thursday.
Futures in New York indices report an opening of Wall Street up 0.02% for Dow Jones, 0.21% for Standard & Poor’s 500 and 0.38% for NASDAQ.
In Paris, the CAC 40 lost 0.92% to 7,838 points around 10:20 GMT. In Frankfurt, the Dax fell by 0.91% and in London, the FTSE decreases 0.66%.
The pan -European FTSEUROFIRST 300 index regresses 0.93% and the Eurostoxx 50 in the euro zone of 0.92%. The Stoxx 600 abandons 0.86%, moving away a little more than the two -month peak reached at the start of the week. All the main compartments of the index are in the red, first of all the new technologies sector (-1.33%), followed by that of consumption (-1.26%), then that of health (-0.97%).
The PMI S&P Global and HCOB preliminary survey, published Thursday, shows that the activity of the private sector in the euro zone has contracted unexpectedly in May, with the effect of a stronger drop than expected of the demand for services. In Great Britain, the prospects in the industry have darkened with job cuts to one of the fastest rhythms since the 2008 financial crisis, shows the PMI S&P preliminary survey/CIPS UK.
The publication in the afternoon in the United States of PMI indices, unemployment benefits and sales in ancient real estate will provide indications on the evolution of the American situation.
If the economy worries, the vast bill on tax cuts and budget cuts defended by President Donald Trump arouses hopes since he has taken an important stage on the House of Representatives on Thursday and is now transmitted to the Senate.
The values ​​to follow at Wall Street
Most megacapitalizations and growth values, like alphabet (+1.3% in a forefoot), Google’s parent company, are expected in green, with the reflux of tensions in the bond compartment.
The cryptoactive sector is well oriented in a forefoot, Coinbase taking 2.5%, Strategy 1.4%and Mara Holdings 4%, while Bitcoin hit a record at 111,888 dollars on Thursday.
Values ​​in Europe
Elior jumped 5.54% after having experienced strong volatility in the first trade on the stock market Thursday following the publication, the day before, of mixed “mixed” results according to analysts.
Kiss, the Tomb Raider video game editor, dives 14.26% after the postponement of the release of one of its flagship games.
Johnson Matthey flies to 29.73% the British chemical group who agreed to sell its activity of catalyst technologies to Honeywell International for 1.8 billion pounds (2.13 billion euros), debt included.
RATE
The yields of German long-term bonds reached their highest level in two months on Thursday, the concerns of investors concerning a deterioration of budgetary prospects in the United States having been reinforced by a mediocre demand for a adjudication of American treasury vouchers the day before.
The yield of the Bund at 30 years old takes 2.3 base points, at 3.173%, after reaching its highest level since mid-March at 3.179% earlier in session.
The yield of the US Treasury bonds at 30 years old is stable, above 5%, after touching a summit of a year and a half the day before.
After the recent outbreak on medium -term yields, that of the Bund at ten years is practically unchanged, at 2.648%, as is its American equivalent of the same deadline which appears at 4.5966%.
Changes
The dollar is now increasing 0.30% against a basket of international currencies, after having touched a two -week lower session at the start of the session. The greenback takes advantage of the relief while the US Congress approaches the adoption of President Donald Trump’s vast bill providing massive tax and expenses.
The euro fell 0.29%, to 1.1296 dollars, while the pound sterling is exchanged at 1.3407 dollars (-0.07%).
OIL
The petroleum market is withdrawn Thursday after the publication of a report according to which OPEC+ discusses an increase in its production for July, fueling the fears of an excess global offer.
The Brent refused 1.96% to 63.65 dollars per barrel and the American light crude (West Texas Intermediate, WTI) from 1.92% to 60.4 dollars.
(Written by Claude Chendjou, edited by Kate Entringer)
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