Les Bourses européennes devraient poursuivre leur repli, The Fed is dispelling the hope of a rapid rate cut. The EuroStoxx 50 opens at 4,648.40 points (-0.31%), the CAC 40 at 7,656.75 points (-0.27%), the DAX 40 at 16,903.76 points (-0.27%), the DAX 40 at 16,903.76 points (-0.40%), the FTSE 100 at 7,630.57 points (-0.47%), the SMI at 11,443.76 points (-0.27%), the SMI at 11,443.76 points (-0.40%) 3.13 points (+0.12%), the AEX at 818.21 points (-0.30%), the BEL 20 at 3,662.96 points (+0.52%), the IBEX 35 at 10,077.70 points (+0.38%), the DJIA at 38,150.30 points (-0.82%), the Nasdaq & agrave; 15,164.01 points (-2.23%), the S&P 500 at 4,845.65 points (-1.61%), and the Nikkei 225 at 36,011.46 points (-0.27%

As for exchange rates, the change from the close indicates that in New York, the EUR/USD is at 1.0806 (-0.13%), the EUR/JPY at 158.66 (-0.13%), the EUR/JPY at 158.66 (-0.21%), and the USD/JPY at 146.83 (-0.08%).

Today, investors are paying attention to the final figures of the manufacturing PMI index in France in January. Preliminary data, released by S&P Global and Hamburg Commercial Bank on January 24, showed the index recovering to 43.2 in January, a high point in four months, from 42.1 in December. The market will also react to the figures for new car registrations in January, which grew by 9.2% over one year in January, in raw data, according to La Plateforme Automobile

In addition, BNP Paribas announced on Wednesday evening that it had increased its distributable income for the first nine months of the 2023 financial year, in order to take into account the reclassification of exceptional items into extraordinary items, as well as additional adjustments. ;. Over the period from January to September last year, distributable income thus stood at 9.23 billion euros, compared to 8.81 billion euros before restatement. The bank BNP Paribas, the pharmaceutical laboratory Sanofi and the software publisher Dassault Systèmes present their quarterly results.
After recording sales below expectations in the fourth quarter, renewable energy producer Voltalia confirmed its normative gross operating surplus (Ebitda) objective for the past fiscal year.

At the opening on Thursday, European equity markets are expected to fall, after announcements from the American Federal Reserve (Fed), which dispelled hopes for rapid monetary easing. Data from broker IG mentions that at 7:40am, the CAC 40 futures contract lost 37 points, or 0.5%. The DAX 40 contract lost 53 points, or 0.3%, and the FTSE 100 contract gave up 29 points, or 0.4%. As expected, the Fed left its key interest rates unchanged on Wednesday. He indicates that she would wait for the decline in inflation to be confirmed in order to lower them. Since last summer, the central bank has maintained its rates between 5.25% and 5.5%, their highest level in 23 years, judging that this restrictive policy will allow a gradual return of inflation to its objective of 2% per

Until December, the Fed did not rule out raising rates further, even though its president, Jerome Powell, had warned that this hypothesis was no longer the central scenario.

After the Fed, investors are now waiting for monetary policy decisions from the Bank of England and the Swedish Riksbank. On the economic indicators front, in the eurozone, they will follow the first inflation estimate in January, the manufacturing PMIs for January and the unemployment figures in December.
The main Asian stock market indices presented a mixed picture on Thursday. While the Nikkei index lost 0.8% in Tokyo, the Hang Seng index gained 0.4% at the end of trading in Hong Kong. The Chinese Shanghai Composite Index lost 0.6%. While official statistics indicated a contraction, manufacturing activity in China grew in January according to data released on Thursday by Caixin and

The manufacturing PMI released by Caixin and S&P Global reached 50.8 in January, the same as in December. Above 50, the index indicates an expansion in activity for the third consecutive month. According to the consensus established by FactSet, analysts were expecting an index of 50.6 in January

The euro fell against the dollar and the pound sterling this morning. According to Rabobank, it is unlikely that the Bank of England (BOE) will signal an upcoming fall in interest rates, which should support the pound against the euro. According to the financial intermediary, the BOE's announcements on Thursday could “disappoint market doves rather than encourage them”. The BOE is not expected to cut rates until September, as British money markets incorporate a rate cut of around 41 basis points in the coming six months

This morning, oil prices are going up. ANZ Research indicates that recent drone attacks on Russian oil refineries have led to a sharp drop in oil exports. According to information, an OPEC+ ministerial committee, a group bringing together the Organization of Petroleum Exporting Countries (OPEC) and ten allied countries led by Russia, will meet by videoconference today to examine the situation of oil markets.