Equity markets are expected to rise slightly while France's credit score is in the crosshairs. Thus, the Eurostoxx 50 opens at 4,970.34 points (-0.25%), the CAC 40 at 7,541.59 points (-0.24%), the DAX 40 at 19,210.90 points (-0.23%), the FTSE 100 at 8,237.73 points (-0.25%), the FTSE 100 at 8,237.73 points (-0.25%), the SMI at 12,077.76 points (-0.37%), the AEX at 911.32 points (-0.48%), the BEL 20 at 4,246.83 points (-0.02%), the IBEX 35 at 11,656.70 points (-0.72%), the DJIA at 42.454.12 points (-0.1%), the Nasdaq at 18,282.05 points (-0.02%), the Nasdaq at 18,282.05 points (-0.2%), the Nasdaq at 18,282.05 points (-0.2%), the Nasdaq at 18,282.05 points (-0.1%), the Nasdaq at 18,282.05 points (-0.1%), the Nasdaq at 18,282.05 points (-0.1%), the Nasdaq at 18,282.05 points (-0.1%), the Nasdaq at 18,282.05 points (-0.1%), the Nasdaq at 18,282.05 points (-0.1%), the Nasda 810 points (+0.64%)

On the exchange rate side, the change from the close in New York indicates that the EUR/USD opened at 1.0937 (-0.02%), the EUR/JPY at 162.63 (+0.08%), and the USD/JPY at 148.69 (-0.02%), the EUR/JPY at 162.63 (+0.08%) and the USD/JPY at 148.69 (+0.08%).

The 2025 finance bill was presented by the government on Thursday evening. The government detailed how it intends to reduce the trend of rising spending while increasing taxes and fees. After an expected slide in the public deficit to 6.1% this year, the executive aims for a deficit of 5% in 2024. According to Bercy, tax increases should reach 19.3 billion euros, including a tax on share repurchases and an exceptional surcharge for the richest tax households. The government has also presented its 2025 Social Security Finance Bill (PLFSS), which plans

This Friday, the Fitch rating agency will deliver its verdict on France's sovereign rating, the day after the presentation of the Budget. The car manufacturer Stellantis announced on the night of Thursday to Friday an evolution in its governance, while confirming that the process of identifying a successor to its CEO, Carlos Tavares, was

ArcelorMittal was lowered from “overweight” to “neutral” by JPMorgan, which reduced its price target to the value from 26 to 21 euros. Thales lowered from “buy” to “hold” by Berenberg, with a price target reduced from 175 to 165 euros. ADP was raised from “neutral” to “overweight” by JPMorgan, which however reduced its value target to 140 euros, against 150 euros

European equity markets are expected to open higher on Friday, while hopes of a further 50 basis points (0.50 percentage points) cut in interest rates from the US Federal Reserve (Fed) subsided after the announcement of slightly higher-than-expected inflation in the United States in September. Year-on-year core inflation was also a bit higher than expected, and weekly jobless claims rose unexpectedly, although the increase was modest.

Around 7:45 a.m., the CAC 40 futures contract gained 9.7 points, or 0.1%, according to data from broker IG. The one on the DAX 40 was up 15.3 points, or 0.1%, and the one on the FTSE 100 was up 17.3 points

The New York Stock Exchange closed slightly lower on Thursday, after the announcement of slightly higher than expected inflation in September in the United States. The Dow Jones Index (DJIA) fell 0.1% to 42,454.12 points, and the expanded S&P 500 index fell 0.2% to 5,780.05 points. The Nasdaq Composite, rich in technology stocks, fell less than 0.1% to 18,282.05

Investors will be watching on Friday the publication of the final inflation figures in Germany for the month of September and, in the United States, the producer price index in September and the University of Michigan confidence survey, as well as the speech of the President of the Chicago Fed, Austan Goolsbee, and that of the President of the Fed of from Dallas, Lorie Logan

Two American banks are due to publish their results on Friday: JPMorgan and Wells Fargo. Blackrock also reports third-quarter results

In Asia, the highly anticipated press conference by the Chinese Ministry of Finance, scheduled for Saturday, will also draw attention. Beijing could in fact announce fiscal support measures that, according to analysts, are lacking in the recent stimulus plan.

Chinese equity markets are trading in a mixed manner on Friday morning. The Shanghai Composite index lost 1.7%, while on the Tokyo Stock Exchange, the Nikkei 225 index gained 0.64% at the end of trading. The Hong Kong Stock Exchange is closed for a holiday.

US Treasury yields ended lower on Thursday after inflation and employment data appeared across the Atlantic showing different directions. Around 7:45am, the 10-year loan rate rose by 0.4 basis points to 4.069%. That of the two-year stock rose by 2 basis points, to 3.981%

The euro lost ground a bit on Friday morning against the dollar, which gained ground against the yen. The damage caused by Hurricane Milton in the United States, although probably less severe than expected, could still weigh on market morale, says Westpac. In addition, in the run-up to the presidential election in the United States, the shift in polls in favor of Donald Trump should support the greenback, according to Westpac

Oil futures fell on Friday amid concerns and markets are expected to remain volatile until the weekend due to uncertainties about possible Israeli retaliation on the Iranian oil sector, ANZ said. At around 7:40am, the December Brent contract listed in London lost 21 cents to $79.22 per barrel. The November contract for light sweet crude (WTI) listed on Nymex fell by 12 cents to $75.73