European equity markets expected in scattered order before PCE inflation in the United States. The Eurostoxx 50 opened at 4,966.27 points (+1.08%), the CAC 40 at 7,640.95 points (+0.84%), the DAX 40 at 18,912.57 points (+0.69%), the FTSE 100 at 8,379.64 points (+1.08%), the FTSE 100 at 8,379.64 points (+0.08%), the FTSE 100 at 8,379.64 points (+0.43%), the SMI at 12,417.72 points (+0.56%), the AEX at 923.78 points (+0.69%), the FTSE 100 at 8,379.64 points (+0.08%), the FTSE 100 at 8,379.64 points (+0.08%), the SMI at 12,417.72 points (+0.56%), the AEX at 923.points (+1.43%), the BEL 20 at 4,174.66 points (+1.01%), the IBEX 35 at 11,358.60 points (+0.23%), the DJIA at 41,335.05 points (+0.59%), the Nasdaq at 17,174.66 points (+1.01%), the Nasdaq at 17,516.43 points (+1.01%), the IBEX 35 at 11,358.60 points (+0.23%), the DJIA at 41,335.05 points (+0.59%), the Nasdaq at 17,516.43 points (-0.23%), the S&P 500 at 5,591.96 points (+0.00%), and the Nikkei 225 at 38.00% 472,80 points (+0.29%)

As for exchange rates, the change from the close indicates that in New York, the EUR/USD is at 1.1077 (-0.04%), the EUR/JPY at 160.44 (-0.04%), and the USD/JPY at 160.44 (-0.14%), and the USD/JPY at 144.84 (-0.10%).

The gross domestic product (GDP) for the second quarter of 2024, the consumer price index for August and the household consumption statistics for July will be released at 8:45am.

At the end of interviews conducted since the end of last week, President Emmanuel Macron refused the nomination to Matignon of Lucie Castets, the candidate proposed by the left-wing parties united under the banner of the New Popular Front.

Before the publication of the eurozone inflation figures and the PCE index in the United States, the preferred measure of inflation of the American Federal Reserve (Fed), the American Federal Reserve's (Fed) preferred measure of inflation, European equity index futures are trading in scattered order on Friday morning. At around 7:35am, the CAC 40 futures contract gained 1.5 points, according to data from broker IG. The one on the DAX 40 lost 40.6 points, or 0.2%, while the one on the FTSE 100 increased by 28.5

In addition to the July PCE inflation in the United States, which is closely monitored by the market, which will be published with the income and expenditure of American households, the economic indicators expected on Friday include the consumer price index and unemployment in the eurozone.

While tech stocks seemed more hesitant after the unwelcome forecasts of processor giant Nvidia, the New York Stock Exchange ended in a mixed manner on Thursday, with the Dow Jones setting a third record this week. In Asia, the Nikkei 225 gained 0.3% at the end of trading in Tokyo, while the Hang Seng Index gained 2% in Hong Kong and the Shanghai Composite rose by 1.3%.

After rising on Thursday in response to the release of data that reassured investors about the strength of the US job market, Treasury yields rose slightly this morning. Around 7:35 a.m., the 10-year US Treasury bond rate rose by 0.4 basis points, to 3.869%. That of the two-year stock rose 0.6 basis points, to 3.908%

After the publication of weekly unemployment benefits claims, which allayed investor concerns about the state of the job market, debt market operators sold treasury bills on Thursday. Ian Lyngen, head of US interest rate strategy at BMO Capital Markets, said that “the change in prices on Thursday once again illustrates the fact that the treasury market is moving away from inflation to focus on everything related to employment.” For Goldman Sachs Asset Management, there are strategic opportunities by positioning itself in the perspective of a steepening of the US Treasury yield curve. He also believes that “the Fed and the market seem to agree on the level at which key rates will be by 2025, but the market expects an approach more focused on short maturities in the near future

Before the publication of the PCE index in the United States, the euro and yen fell this morning against the dollar. Validus Risk Management said data published on Thursday in the United States plead in favor of reducing interest rates by the Fed less aggressively than some market players expect, which should support the dollar. The second US GDP estimate for the second quarter was more robust than expected, while jobless claims fell last week, in line with expectations. According to Validus, the market does not know if the Fed will cut rates by 25 basis points or 50 basis points at the September meeting, but Thursday's figures point in favor of a 25 basis point cut.

While the conflict in Libya could limit supply in a market where demand is weakening, oil futures are up this morning. According to ING strategists, the prolonged closure of oil installations in eastern Libya would allow the Organization of Petroleum Exporting Countries (OPEC) and its allies to more comfortably increase their production in the fourth quarter of this year, as currently planned. For them, if the closure of facilities in this region were to be short lived, OPEC should be reluctant to increase the supply of black gold while concerns about demand persist

At 7:40 a.m., the November Brent contract listed in London rose by 42 cents to $79.15 per barrel, while the contract of the same maturity on light sweet crude (WTI) listed on Nymex rose 40 cents to $76.21 per barrel.