by Mara Vilcu

PARIS (Reuters) – The main European scholarships are expected in the green Friday at the opening, before the publication of the PMI indices in Europe and with the reinforced prospects of decreases in the levels of the American Federal Reserve (Fed).

According to the first indications available, the Parisian CAC 40 could gain 0.28% at the opening.

The term contracts report an increase of 0.31% for the Dax in Frankfurt, by 0.14% for the FTSE in London and 0.32% for the Stoxx 600.

At this weekend, investors are impatiently awaiting the publication of PMI indices, from 07:50 GMT, of several major countries in Europe.

The data could influence the markets and show the impact of customs duties, while traders should not wait for the publication of the American employment report on the same day, due to the “Shutdown”, which has already prevented the publication of the weekly registration indicator in the United States on Thursday.

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.

However, 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.

The lack of reaction is partly explained by the fact that, historically, the “Shutdown” had a limited impact on economic growth and market performance.

Weiheng Chen, global investment strategist at JP Morgan Private Bank, said investors seem ready to give Washington time to resolve its disagreements, even if a prolonged closure could start to affect the markets.

“For the moment, investors remain more focused on the potential repercussions of the Cycle of Decrease in Fed rates, commercial and immigration policy, economic data and business results,” said the strategist.

The values ​​to follow:

A Wall Street

The New York Stock Exchange ended up on Thursday, driven in particular by the technology sector and while in the absence of new official indicators due to the “Shutdown”, investors have focused on other data.

The Dow Jones index won 0.17%, or 78.62 points, at 46,519.72 points. The larger Standard & Poor’s 500 took 4.15 points, or 0.06% to 6,715.35 points. The Nasdaq Composite advanced 88.89 points, 0.39% to 22,844.051 points.

In Asia

The Tokyo Stock Exchange is up 1.57%, having rebounded to reach a record level, while the euphoria around artificial intelligence dominated the markets, causing a sharp increase in the actions of electronic flea manufacturers.

In China, the composite index of the Shanghai Stock Exchange increased by 0.52% and the CSI 300 of large capitalizations advances by 0.45%.

The Hong Kong Stock Exchange fell 0.87%.

RATE

American yields are changing little on Friday.

The yield of Treasuries at ten years is advancing from 0.8 base points to 4.0979%. The two years takes 0.4 base point at 3.5532%.

Changes

The dollar earns 0.08% in the face of a basket of reference currencies, while the traders are trying to assess the impact of the “Shutdown” in the United States.

The euro earns 0.03% to 1.1717 dollars.

OIL

Oil prices are increasing on Friday after four consecutive decreases, but they were about to record their highest weekly decline since the end of June, the markets expecting OPEC+ further increases its production despite fears of an excess offer.

The Brent advances 0.62% to $ 64.51 per barrel and American brut (West Texas Intermediate, WTI) takes 0.63% to 60.86 dollars.

Main economic indicators at the October 3 agenda:

Pays GMT indicator previous consensus period

Fr 06h45 Industrial production August +0.2% -1.1%

Fr 07:50 PMI S&P Global/HCOB September 48.9 48.9*

services (final)

PMI S&P Global/HCOB 48.4* index index

Composite (final)

From 07:55 PMI S&P Global/Hcob September 52.5 52.5*

services (final)

PMI S&P Global/HCOB 52.4 52.4 index index

Composite (final)

EZ 08h00 PMI S&P Global/HCOB index September 51.4 51.4*

services (final)

PMI S&P Global/HCOB 51.2 51.2* index index

Composite (final)

GB 08:30 PMI S&P Global/CIPS September 51.9 51.9*

services (final)

PMI S&P index/CIPS 51.0 51.0*

Composite (final)

EZ 10:00 am production price August -0.1% +0.4%

– over one year -0.4% +0.2%

USA 12:30 p.m. Job creations September 50,000 22,000 **

Unemployment rate 4.3% 4.3% **

Average hourly salary +0.3% +0.3% **

– over one year +3.7% +3.7% **

USA 2:00 p.m. ISM index of services September 51.7 52.0

*First estimate

** Publication subject to the lifting of “Shutdown”

(Written by Mara Vîlcu, edited by Augustin Turpin)

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