The Euronext scholarship
The main European scholarships except London are expected to decrease on Friday at the opening with many business results.
According to the first indications available, the Parisian CAC 40 could lose 0.21% at the opening.
Under -term contracts report a drop of 0.34% for the Dax in Frankfurt and 0.20% for the Stoxx 600 against an increase of 0.07% for the FTSE in London
The reaction of investors to the numerous results of companies published Thursday evening or Friday morning should animate the indices on the old continent.
In France, LVMH published a more marked drop on Thursday than expected of its sales while Bureau Veritas reported on Friday of an increase in its net profit.
Elsewhere in Europe, Volkswagen reduced its forecasts on Friday by invoking the consequences of American customs duties, as Puma on Thursday. Signoy and Enei also published indicators translating activity reductions on Friday.
The markets should also turn to the expected events next week, such as monetary policy decisions of the American Federal Reserve (Fed) and the Bank of Japan (BOJ).
On Thursday, the European Central Bank (ECB) opted for the status quo and left its rates unchanged, a decision largely anticipated by investors.
Above all, the deadline set by Donald Trump for commercial negotiations on August 1, should put pressure to reach agreements.
The European Union (EU), which approved on Thursday a set of retaliatory commercial measures up to 93 billion euros targeting American products in the event of the absence of a trade agreement with Washington, would be close to an agreement which would provide for basic customs duties of 15% on imported European products.
“For investors, a stable monetary policy and the dissipation of extreme risks strengthen the interest of regional diversification – especially since Europe now seems to trace a more assertive trajectory,” said Madison Faller on Thursday, Global Investment Strategistate at JP Morgan Private Bank
LVMH, the world’s number one in luxury, reported on an organic decline in 4% in the second quarter on Thursday, more than expected, reflecting the persistent gloom of a market that weighs on consumer confidence while brands are faced with the threat of high customs duties on the part of the United States.
A WALL STREET
The New York Stock Exchange ended in order dispersed Thursday, the Dow Jones having decreased while the S & P-500 and the NASDAQ reached records in the wake of the quarterly alphabet results, also against optimism about the commercial negotiations carried out by the United States.
The Dow Jones index sold 0.70% to 44,693.91 points.
The wider S&P-500 took 0.07% to 6,363.35 points.
The Nasdaq Composite advanced 0.18% to 21,057.96 points.
Alphabet, the mother house of Google, took 1% after its results published Wednesday evening. Microsoft, Nvidia and Amazon have also increased by 1% or more.
In Asia
The Tokyo Stock Exchange lost 0.90%, investors taking their profits at the end of a week supported by commercial negotiations with the United States.
In China, the clues are also taking profits after a week of earnings.
The Hong Kong Hang Seng index loses 0.93% the SSE Composite Shanghai 0.30% and the CSI 300 0.50%.
RATE
American yields are down slightly on Friday.
The yield of the Treasury at ten years lost 0.04 bp to 4.4038%, while the two -year title yield drops 0.02 pb to 3.9232%.
The yield of ten years German takes 2.3 bp to 2.716%, that of the rate at two years 1.5 pb to 1.926%
CHANGES
The dollar is on the rise on Friday after the BCE monetary policy decision Thursday and before the meeting of the American Federal Reserve (Fed) next week.
In Asia, the yen lost 0.04% to 146.94 yen for a dollar, the Australian dollar yields 0.20% to 0.6576 dollars.
The dollar earns 0.12% against a basket of reference currencies, the euro crosses 0.11% to 1.1741 dollars, the pound sterling from 0.21% to 1.3480 dollars.
OIL
Oil prices are on the rise on Friday with optimism around commercial negotiations compensating for the probable expected increase in black gold production in Venezuela.
The barrel of Brent increased by 0.78 % to 69.72 dollars per barrel and that of the American light crude (WTI) gained 0.77 % to 66.54 dollars per barrel.
(Written by Bertrand de Meyer, edited by Augustin Turpin)
