by Claude Chendjou

PARIS (Reuters) – The main European scholarships, apart from London, ended up on Thursday, carried by optimism on new technologies and reinforced perspectives of declines in the rates of the American Federal Reserve (Fed).

In Paris, the CAC 40 has returned above the symbolic threshold of the 8,000 points, ending on a gain of 1.13% at 8,056.63 points. The British Footsie scored a record in session at 9,475.07 points before finishing in decline by 0.20%, leaded in particular by the real estate sector (-0.95%). The German Dax increased by 1.35%.

The Eurostoxx 50 index won 1.26% and the FTSEUROFirst 300 0.64%. The Stoxx 600 affected an unprecedented summit at 569.88 points before completing the session on an increase of 0.59%. It was propelled by the automobile (+2.30%), luxury (+2.37%) and new technologies (+2.44%).

At the time of the fence in Europe, the Dow Jones fell by 0.10%, the Standard & Poor’s 500 flexes 0.04%, while the Nasdaq grapped 0.26%. These last two clues recorded new peaks at the start of the exchanges.

The partial closure of the activities of the American federal administration (“Shutdown”), against a background of budgetary paralysis, does not worry markets for the moment.

This paralysis, however, prevented the publication of the unemployed weekly registration indicator in the United States, scheduled for Thursday, while the official report of the US work department on job creations, unemployment and wages, scheduled for Friday, is also threatened.

In the absence of new indicators, investors have focused on the latest ADP firm survey which shows a degradation of the labor market, thus reviving the prospect of a new monetary easing of the Fed.

Values ​​in Europe

Thales jumped 3.40% after receiving a record level in session, Kepler Cheuvreux having noted his recommendation to “buy” against “keep”.

Stellantis, whose registrations in Italy jumped 15.3% in September according to data from the Italian Ministry of Transport, climbed 8.33%.

Ferrari advanced 2.73% after the HSBC recovery of its recommendation on the Italian car manufacturer to “keep” to “buy”.

European groups of semiconductors ASMI, ASML, Soitec and Besi increased by 2.73% to 6.56% after the framework agreements concluded by Samsung Electronics and SK Hynix for the supply of fleas to Openai, as part of the Stargate project.

Tesco rose 5.28% in favor of an upward revision of its forecast for annual profit after a fruitful summer.

Novo Nordisk took 1.25% thanks to a recommendation from the European Association for its treatment of obesity.

The European health sector increased by 0.41% after the day before the day before the US administration and Pfizer, which attenuated uncertainty in this compartment.

Day indicator

The unemployment rate in the euro zone increased a little more than expected in August, to 6.3% of the active population, show Eurostat data.

Changes

The dollar firmed by 0.31% in the face of a basket of reference currencies after four consecutive withdrawal sessions, while the traders try to assess the impact of the Shutdown in the United States.

The euro fell 0.29%, to 1.1692 dollars, while the pound sterling exchanges $ 1.3408 (-0.51%).

Bitcoin gained 1.45% to 119.309.60 dollars.

RATE

The yield of the ten -year -old American treasury bills is a tiring, at 4.1096%, in exchanges held in the absence of the publication of key indicators due to Shutdown.

That of the German Bund at ten years old gave up 1.5 basic points, to 2.6984%, and the two years finished stable, to 2,0128%.

The yield gap between the Bund and the French OAT at ten years is above the 82 base points, while the unions in France are trying to maintain Prime Minister Sébastien Lecornu under pressure.

OIL

The oil market decreases for a fourth consecutive session, the Brent having touched a lower since June, due to the fears of an excess offer.

Brents refused from 1.42% to 64.41 dollars per barrel and American light crude (West Texas Intermediate, WTI) flexes 1.44% to 60.89 dollars.

OPEC+ could decide to take up its oil production to a maximum of 500,000 barrels per day in November, three times the level decided in October, while Saudi Arabia seeks to regain market share, three sources close to discussions reported.

(Written by Claude Chendjou, edited by Kate Entringer)

Copyright © 2025 Thomson Reuters