As investors show up more and more more cautious about the AI sector and than the prospect of a drop in Fed rate moves away, European stock markets should open lower Friday.

The Veolia community services group has announced on Friday the acquisition of Clean Earth, a waste specialist dangerous in the United States, for an enterprise value of 3 billion dollars, about 2.6 billion euros. This operation will allow Veolia to double its size in this very promising sector in the United States.

INSEE will publish on Friday at 8:45am the data of November on the business climate.

France's flash PMI index for the sector Manufacturing and services in November is expected at 9:15am.

Video game publisher Ubisoft announced that it Would publish its results for the first half of its fiscal year 2025-2026 at the latest this Friday before the markets open.

Around 7:40am, the CAC 40 futures contract was down 1%, according to IG broker data.

Futures contracts on European equity markets point to a Opening was down on Friday.
According to data from the broker IG, the DAX 40 futures contract in Frankfurt fell 1.4%, while the one on the FTSE 100 in London fell by 1%, around 7:40am.

The optimism generated by the solid results of Nvidia has worn off, as many investors are still worried that excessive valuations of AI companies and their spending plans aggressive are not signs of a bubble.

Investors are also growing nervous about how tech giants use large and complex debt transactions to finance the infrastructure development.

The New York Stock Exchange thus erased its gains on Thursday from the start of the session to end with a strong downturn. The good results published by Nvidia (-3.3%) did not get rid of fears about AI, while the Postponement of several statistics in the United States weakens the chances of a Federal Reserve (Fed) rate cut in December. The market also has reacted to mixed US employment data, marked by a recovery of hires in September but also by an increase in the unemployment rate.

The Dow Jones Index closed down 0.8%, at 45,552.26 points, and the S&P 500 lost 1.6% to 6,538.76 points. After having gained more than 2% in the morning, the Nasdaq Composite, rich in values technological, finally fell by 2.2%, to 22,078.05 points.
In Asia, the Nikkei index of the Tokyo Stock Exchange fell by 2.3% on Friday at the end of session. The Shanghai Composite Index fell by 2.3%, while the Hang Seng on the Hong Kong Stock Exchange lost 1.9%.

Freya Beamish of TS Lombard reported that the Donald Trump's anti-immigration efforts could tighten the offer of workforce, thus reinforcing the persistence of wage growth. She expects “a more inflationary dynamic” that will contribute to keep the Fed more restrictive than markets expect currently. Freya Beamish expects the Fed to take a break in December and reduced its rates in the first half of 2026.

The two-year title rate gains 1 basis point, at 3.56%, around 7:40am. The 10-year US Treasury bond rate is also gaining 1 basis point (0.01 percentage point), at 4.10%.

Philip Wee of DBS reported that the dollar is exposed at risk of taking profits before the shortened trading week in the United States because of the Thanksgiving holiday. For the latter, the indices American stock market investors are unable to get rid of concerns persistent regarding the overvaluation of stocks in the AI sector, so There are signs that investors are looking for bond security from the Treasury.

Around 7:40 a.m., the euro recovered 0.1%, to 1.1543 dollars. The The greenback lost 0.2% against the Japanese currency at 157.16 yen.

While the United States presented a plan for relaunch peace talks between Russia and Ukraine, reducing the Risk premium one day before the entry into force of American sanctions Against Russia, oil futures are falling.

Robert Yawger of Mizuho believes that “if a Ceasefire in Ukraine is coming to fruition and sanctions against Russia are raised, I think that WTI crude oil will fall sharply and sink the April 9 level of $55.12.” American sanctions against major Russian oil producers support oil prices in a context of market concerns about oversupply important to come.

The December contract on Soft light crude (WTI) listed on Nymex fell by 1.3% to $58.39 per barrel. Around 7:40 a.m., the January contract on North Sea Brent listed at London lost 0.9% to 62.82