This Thursday, October 10, 2024, the stock markets are expected to rise slightly before inflation in the US. However, the Eurostoxx 50 opened at 4,982.57 points (+0.68%), the CAC 40 at 7,560.09 points (+0.52%), the DAX 40 at 19,254.93 points (+0.99%), the FTSE 10 at 8,243.74 points (+0.68%), the FTSE 10 at 8,243.74 points (+0.68%), the SMI at 12,122.93 points (+0.93%), the AEX at 915.68 points (+0.99%), the FTSE 10 at 8,243.74 points (+0.68%), the FTSE 10 at 8,243.74 points (+0.65%), the SMI at 12,122.93 points (+0.93%), the AEX at 915.68 points (+0.99%), the FTSE 10 at 8,243.74 points (+( +0.60%), the BEL 20 at 4,247.54 points (+0.53%), the IBEX 35 at 11,741.50 points (+0.06%), the DJIA at 42,512.00 points (+1.03%), the Nasdaq at 18,291.54 points (+0.53%), the Nasdaq at 18,291.62 points (+0.60%), the S&P 500 at 5,792.04 points (+0.71%) and the Nikkei 225 at 39 .397.90 points (+0.30%)

As for the exchange rate, the change from the close in New York indicates that the EUR/USD opened at 1.0939 (-0.02%), the EUR/JPY at 163.49 (+0.08%), the USD/JPY at 149.47 (+0.10%), the EUR/JPY at 163.49 (+0.08%), the USD/JPY at 149.47 (+0.10%).

The 2025 finance bill will be presented to the Council of Ministers on Thursday. For its part, INSEE is publishing its economic

European equity markets are expected to open slightly higher on Thursday, before the US inflation figures come out in the early afternoon. At around 7:30am, the CAC 40 futures contract gained 1.3 points, according to data from broker IG. The one on the DAX 40 rose 14.1 points, or 0.1%, and the one on the FTSE 100 rose by 25.2

According to economists interviewed by the Wall Street Journal, the global consumer price index in the United States is expected to rise by 2.3% year on year in September, compared to 2.5% in August. The core index, which excludes volatile energy and food prices, should have increased by 3.2%, as in the previous month.

On Wednesday on Wall Street, the S&P 500 and Dow Jones indices set new closing records, as investors were optimistic about the economy despite geopolitical uncertainties.

Since the meeting on September 17 and 18, several major American financial companies have hinted that the rate cut will continue in a more traditional way in the coming months.

In Asia, the People's Bank of China (PBOC) has launched a 500 billion yuan (nearly 65 billion euros) swap program to allow listed companies, funds and insurance companies to obtain liquidity to buy shares.

This liquidity envelope is part of a vast recovery plan presented at the end of September by the governor of the Chinese central bank, Pan Gongsheng. During a press conference, the central banker said that this swap program “will significantly improve the ability of these institutions to raise funds and increase their equity holdings

In a statement released on Thursday, the PBOC said that eligible brokers and insurers could now contribute assets such as bonds, shares in listed index funds, or shares in the CSI 300 index, in exchange for liquid assets such as Treasury bonds.

Chinese equity markets rose sharply on Thursday morning. The Hang Seng Index rose 4.2% on the Hong Kong Stock Exchange and the Shanghai Composite gained 3%. On the Tokyo Stock Exchange, the Nikkei 225 index gained 0.3% at the end of trading

US Treasury yields presented a mixed picture on Thursday morning. At 7:15am, the 10-year loan rate rose by 1.2 basis points, to 4.081%. That of the two-year stock fell by 0.6 basis points to 4.024%

The euro was stable against the dollar on Thursday morning but gained some ground against the yen, like the greenback. The dollar could benefit from the downward revision of the forecasts for the reduction of its rates by the Fed. The tone of members of the central bank's monetary policy committee seems less accommodative, points out Kristina Clifton, economist and currency market strategist at Commonwealth Bank of Australia

Oil prices continue to be supported by growing tensions in the Middle East, given the risk that the conflict with Israel could impact the Iranian oil sector, ANZ reports.

The fear that Israel's allies will have little influence on Israel's strategy is growing, even as US President Joe Biden is trying to deter the country from attacking Iranian oil installations, explains ANZ. Markets are also monitoring the Hurricane Milton situation in case oil supplies are disrupted, ANZ adds. At 7:05 a.m., the December Brent contract listed in London took 66 cents, at 77.24 dollars per barrel. The November contract for soft light crude (WTI) listed on Nymex also rose by 66 cents to $73.90