by Bertrand de Meyer

Paris (Reuters) -The main European scholarships are expected to be slightly slightly dropped on Friday at the opening before the publication of several important data during the day.

The term contracts suggest an opening of 0.08% for the Parisian CAC 40, against a stable FTSE in London, a decline of 0.09% for the Dax in Frankfurt, and a drop of 0.02% for the Stoxx 600.

Investors should react on Friday to a salvo of indicators on one side and the other of the Atlantic.

In Europe inflation data should concentrate attentions while the review of monetary policy meeting (minutes) of the European Central Bank (ECB) published Thursday confirmed the wait -and -see attitude of the institution with a slight tenderness.

“The bar was placed high, but a drop in rates at the September meeting is still not excluded,” reacted Ing economists in a note, stressing that at least one member of the ECB was favorable to a drop in rates in July.

In the United States, investors are also waiting for the PCE price index for the month of July, the privileged indicator of the American Federal Reserve (Fed), after Jerome Powell, president of the Central Bank, spoke of a possible drop in rates in September.

Christopher Waller, Governor of the Fed, urged Thursday to reduce borrowing costs in the United States in the short term, saying that he is favorable to reducing interest rates in September and carrying out additional drops within three to six months in order to avoid a fall in the labor market.

According to the CME Fedwatch tool, traders are currently counting on a probability of 86% drop in rates in September, compared to 63% a month earlier.

The European Union (EU) also proposed Thursday to eliminate customs duties on imports of American industrial goods within the framework of a trade agreement which should lead to a retroactive drop in customs duties imposed by the United States on European vehicles.

The values ​​to follow: [L8N3UK1DQ]

A Wall Street

The New York Stock Exchange ended up on Thursday, after Nvidia’s financial results confirmed that expenses related to the artificial intelligence infrastructure remained solid.

The Dow Jones index won 0.16%, or 71.67 points, at 45,636.90 points.

The larger Standard & Poor’s 500 took 20.46 points, or 0.32% to 6,501.86 points.

The Nasdaq Composite advanced 115.02 points, 0.53% to 21,705.158 points.

NVIDIA lost up to 2.9% during Thursday’s session to end up 0.8% while uncertainties related to the Sino-American trade war forced the group to exclude potential sales in China from its quarterly forecasts published on Wednesday evening.

In Asia

The Tokyo Stock Exchange lost 0.26%, investors taking their profits after the rally in August.

Chinese actions are up on Friday and should record their highest monthly increase since September 2024 carried by the abundance of liquidity which continues to support the recovery despite the warnings of technological companies following the recent outbreak of prices.

The Hong Kong Hang Seng index increased by 0.90%, the SSE Composite of Shanghai is strengthened by 0.21%, the CSI 300 scored an increase of 0.88%.

RATE

American yields are hardly changing on Friday pending important data.

Treasury’s yield at ten years is 4,2168%, while the two -year title yield reached 3.6351%.

The yield of the ten years German increased by 0.5 pb to 2.7024%, that of the rate at two years takes 0.4 pb to 1.9401%.

Changes

The euro is slightly dropped and the dollar is gaining ground before inflation data.

The dollar earns 0.15% against a basket of reference currencies, the euro crosses 0.19% to 1.1661 dollars, and the pound sterling loses 0.13% to 1.3494 dollars.

In Asia, the yen takes 0.05% to 146.99 yen for a dollar, the Australian dollar gives up 0.12% to 0.6537 dollars.

OIL

Oil prices are down on Friday in the face of demand from demand, especially in the United States, and with fears around the Russian oil supply. Black gold should however record a weekly gain.

Brent barrel fell 0.48% to 68.29 dollars and that of American light crude (WTI) lost 0.51% to 64.27 dollars.

Main economic indicators at the August 29 agenda:

Pays GMT indicator previous consensus period

FR 06:45 AM CONSUMPTION EXPENSION July -0.2% 0.6%

FR 06h45 GDP definitive figures T2 0.3% 0.3%

FR 06:45 AM CONSUMPTION AUX August

(Preliminary figures)

– Over one month 0.9% 0.9%

– over one year 0.5% 0.3%

Fr 06:45 am job creations T2 – 0.0%

From 07:55 am unemployment rate August – 2.97 mlns

From 12:00 p.m. AUGUST CONSUMPTION PRICES

(Preliminary figures)

– Over one month 0.0% 0.4%

– over one year 2.0% 1.8%

USA 12:30 p.m. Inflation PCE July

– Over one month 0.2% 0.3%

– over one year 2.6% 2.6%

USA 2 p.m. University index of August 58.6 58.6

Michigan on trust

consumers

(Written by Bertrand de Meyer, edited by Augustin Turpin)

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