European stock markets are expected to open lower on Friday, still amid the trade war and before the publication of PCE inflation in the United States.

This morning, numerous statistics on France including detailed GDP for the 4th quarter, provisional inflation in February, household consumption and paid employment are on the menu.

At the opening of the markets, investors will be watching the reactions on the stock market from Nexity, Saint-Gobain, Teleperformance, Valeo and Viridien, which announced their results on Thursday evening.

Around 7:50, the CAC 40 futures contract lost 0.7%, according to data from broker IG.

For a fiscal year 2024 hampered by restructuring costs, the automotive supplier Forvia announced on Friday that it would not pay a dividend this year, in order to accelerate its deleveraging.

Stock futures portend a downward opening in Europe, with US President Donald Trump's new tariff threats frightening investors.

According to data from broker IG, the DAX 40 futures contract in Frankfurt fell by 1%, while the FTSE 100 futures contract lost 0.5%, around 7:50am.

In Europe, Allianz, BASF and IAG publish their results. Donald Trump reaffirmed that the 25% tariffs for Canada and Mexico would begin to be applied on Tuesday and announced that a new additional 10% customs tax for China would apply the same day, in a social media post on Thursday. According to Michael Antonelli, managing director at Baird, “What the market hates are surprises.” Shane Oliver, chief economist at AMP, estimates that there is a high probability of a correction of more than 15% in US equities this year due to tight valuations and Donald Trump's more restrictive than expected trade and public spending policies. Wall Street is worried that Donald Trump's tariffs will complicate the Federal Reserve's fight against inflation

The Fed's favorite inflation indicator, the Personal Consumer Expenditure Price Index, or PCE is in the spotlight today.
The New York Stock Exchange lost ground on Thursday, weighed down by the new tariffs announced by Donald Trump and by a fit of nervousness on the eve of the release of PCE

The expanded S&P 500 index fell by 1.7%, to 5,861.57 points, and is now down since the start of the year (-0.3%). After an opening in the green, Dow Jones (DJIA) finally gave up 0.5%, to

The Tokyo Stock Exchange closed down 2.9%.

In Asia, Shanghai Composite lost 1.9% at the end of trading, while Hang Seng lost 3.5% on the Hong Kong Stock Exchange.

The 10-year US Treasury bond yield lost 3 basis points (0.03 percentage points), to 4.23%, at around 7:50am. That of the two-year stock also lost 3 basis points, to 4.04%

The greenback gained 0.2% against the Japanese currency, at 150.07 yen. The euro lost 0.1% to 1.0386 dollars at around 7:50am

The April contract for North Sea Brent traded in London sold 47 cents, or -0.6%, to $73.10 per barrel at 73.10 dollars per barrel, around 7:50am. The contract for light sweet crude (WTI) listed on Nymex for the same term fell by 48 cents, or -0.7%, to 69.87 dollars per barrel.