by Diana Mandia

PARIS (Reuters) – The main European scholarships are expected up on Thursday at the opening, carried by the hopes of a monetary easing in the United States, where the partial closure of the federal administration continues in the absence of agreement on the budget.

The term contracts on indices suggest an opening up 0.46% for the Parisian CAC 40, 0.41% for the Dax in Frankfurt and 0.32% for the FTSE in London. The Stoxx 600 should open on a gain of 0.39%.

The new data published Thursday, which showed an unexpected destruction of jobs in the United States, confirmed fears concerning the labor market and reassured investors as to the possibility that the Federal Reserve (Fed) drops its rates during the remaining meetings of 2025 in order to support the economy, which benefits the equity markets on both sides of the Atlantic.

The monthly investigation of the CHIF office showed that the private sector in the United States had, against all odds, destroyed 32,000 jobs in September, while the August figure was revised to reflect the deletion of 3,000 stations, against a preliminary version which reported 54,000 new positions.

The report “suggests that the US economy has an urgent need for new support measures”, and therefore “markets anticipate a much higher probability of rate drops in October and December,” notes Kyle Rodda, analyst at Capital.com.

This indicator has been the subject of particular attention, because the publication Friday publication of the monthly data from the Ministry of Labor on the creation of jobs, the unemployment rate and the evolution of wages is threatened by a possible extension of the “Shutdown” of the American Federal Administration, which the markets are monitoring for the moment without moving too much.

Thursday, unless surprised, the weekly figures for unemployment benefits will also be assigned by the closure of the Ministry of Labor, which means that the private data from the Challenger cabinet on dismissals, which will be published at 11:30 am GMT, will attract much more attention than usual.

In the euro zone, inflation accelerated in September without compromising the position of the status quo of the European Central Bank (ECB). The vice-president of the institution, Luis de Guindos, and other officials, will intervene Thursday in various events.

In France, unions are mobilizing again this Thursday to maintain pressure on Prime Minister Sébastien Lecornu, who is due to appoint his government and present his finance bill in the coming days.

Investors are also waiting for data on Swiss inflation in September and unemployment figures in the euro area.

The values ​​to follow:

A Wall Street

The New York Stock Exchange ended up on Wednesday, carried out in particular by the health and technology sector, despite the uncertainty that reigns the day after the “Shutdown” of the American administration, and while the publication of a survey of a surprise destruction of jobs in the United States strengthens the rates of rates by the Fed.

The Dow Jones index won 0.09%, Standard & Poor’s 500, wider, took 0.34%, and the Nasdaq Composite advanced on its side of 0.42%.

In Asia

In Japan, the Nikkei index of the Tokyo Stock Exchange is advancing 0.97% to 44,984.73 points after four consecutive decrease sessions, carried by the values ​​linked to semiconductors, in the wake of Wall Street the day before.

The Hong Kong Stock Exchange takes 1.03% on its return from a public holiday, thanks to the increase in technological values, fueled by optimism aroused by artificial intelligence and the upward revision of the Alibaba course objective by JPMorgan.

The continental China markets are closed from October 1 to 8 due to the holidays that combine the national holiday and the mid-automn festival.

Rate /change

The yield of Treasuries at ten years is almost unchanged at 4.1096%. The two years is stable at 3.5449 %%.

The yields of American treasury bills have also decreased the day before, the data having reported a weakening of the labor market and investors questioning the economic impact of the closure of the United States government.

In Germany, the yield of the Bund at ten years fell slightly to 2.7115%, as is that of the obligation at two years, which stands at 2,0139%.

In France, the OAT’s yield at ten years fell from 0.3 base points to 3.5285%.

On the exchange market, the dollar fell 0.02% against a basket of reference currencies and the euro takes 0.09% to 1.1739 dollars.

OIL

Oil prices are increasing slightly due to the more severe sanctions prospects against Russian crude, after three days of consecutive decline.

Brent took 0.26% at 65.52 dollars per barrel, as is the American light crude (West Texas Intermediate, WTI), which stands at 61.94 dollars.

Metals

Gold evolves at $ 3.871 on Thursday after a record level of 3.895.09 dollars reached the day before.

Main economic indicators at the October 2 agenda:

Pays GMT indicator previous consensus period

FR 06:45 am budget balance August ND -142.00

MDS

EZ 9:00 am unemployment rate August 6.2% 6.2%

USA 12:30 p.m. Hebdo inscriptions. at the week at 223,000 218,000

Unemployment Sept 27.

USA 2:00 p.m. Order orders in August +1.4% -1.3%

(Written by Diana Mandia, edited by Augustin Turpin)

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