EUROPEAN SCHOLARSHIPS ARE EXPECTED TO INCREASE
by Blandine Henault
PARIS (Reuters) – The main European stock markets are expected to rise on Friday at the opening, in the wake of the advance of Asia and US futures.
Futures are reporting a rise of 0.44% for the Dax in Frankfurt, 0.39% for the FTSE in London and 0.67% for the EuroStoxx 50.
The first indications available also give the Parisian CAC 40 up 0.58% at the opening.
European indices have already finished in the green on Thursday, driven by the growth of the tourism and leisure sector in the wake of the increase in Ryanair’s medium-term traffic forecast.
In Asia, the time has come for a rebound after a session penalized the day before by a series of Chinese indicators below expectations and on Wall Street, “futures” foreshadow a slight increase for the three major New York indices.
The day – known as the “four witches” – could however be marked by a certain volatility with the expiration of several options and futures contracts.
VALUES TO FOLLOW:
Renault could be in the sights after the announcement, Thursday evening, of the elimination of up to 2,000 additional jobs in France.
A WALL STREET
The New York Stock Exchange ended Thursday in disarray after the release of economic statistics that made investors hesitate ahead of the meeting of the US Federal Reserve (Fed).
News of an unexpected surge in retail sales in August pushed bond yields and the dollar higher, weighing on the tech sector and export stocks. Amazon’s rise (+ 0.35%), however, allowed the Nasdaq to end up higher.
The index with a strong technological component gained 0.13% to 15,181.92 points.
For their part, the Dow Jones lost 0.18% to 34,751.32 points and the S & P-500 lost 0.16% to 4,473.75 points.
The Tokyo Stock Exchange is up 0.58% as the close approaches and is set to line up its fourth consecutive week of rise, expectations of a new prime minister in Japan and the rollout of the vaccine campaign fueling a rally scholarship holder for nearly a month.
In Hong Kong, the Hang Seng index gained 0.62% after hitting a ten-month low the day before, under the effect of concerns about the difficulties of Chinese promoter Evergrande, which lost another 6.46% on Friday.
The CSI 300 advanced 0.46% but the composite index of the Shanghai Stock Exchange fell 0.64%, penalized by the decline in values linked to coal.
CHANGES / RATES
The dollar lost some ground (-0.11%) against a basket of benchmark currencies, after having hit a three-week peak the day before following the publication of US retail sales.
The euro took the opportunity to return to 1.1769 dollars, after a low of 1.1749 the day before.
On the bond market, the yield on ten-year Treasuries stabilized at 1.3362% after gaining more than three basis points the day before.
Crude prices are falling under the effect of the return of American production in the Gulf of Mexico after the passage of two hurricanes but they are on the way to gain nearly 4% over the week.
The barrel of Brent lost 0.21% to 75.51 dollars and that of US light crude dropped 0.23% to 72.44 dollars.
(Report Claude Chendjou)