European stock markets are expected to open slightly lower on Friday, the day after a Black Thursday on the equity markets caused by the customs offensive of American President Donald Trump.

The collective catering group Sodexo confirmed on Friday its financial objectives for the current fiscal year, which it had lowered last month due to weaker-than-expected growth in its business in North America than expected in the first half of the year.

The diversified group Bouygues announced that its subsidiary Colas Rail had won a rail maintenance contract worth 380 million euros from the British network operator Network Rail. At around 7:40am, the CAC 40 futures contract lost 0.2%, according to

European equity markets are expected to remain under pressure at the open on Friday, while investor attention turns to the monthly US employment report, which will be published ahead of a speech by Fed Chair Jerome Powell later today.

Around 7:40 a.m., the DAX 40 futures contract in Frankfurt fell by 0.2%, while the FTSE 100 in London was down 0.1%, according to data from broker IG.

Some of America's allies reacted strongly after the details of Donald Trump's proposed tariffs were presented. The French President, Emmanuel Macron, said that Europe was considering retaliation against American technology companies, while the Canadian Prime Minister, Mark Carney, announced that his country would apply 25% tariffs on American cars. These tariffs will concern all vehicles imported from the United States that do not respect the North American Free Trade Agreement (USMCA

The New York Stock Exchange fell on Thursday, hit by the salvo of tariffs announced the day before by Donald Trump, as investors rushed to safe havens in the face of fears of economic shock and inflation.

The Dow Jones Index (DJIA) ended with its biggest drop since 2020 and the Covid pandemic, losing 4%, to 40,545.93 points, while the S&P 500 fell by 4.8%, to 5,396.52 points. For its part, the Nasdaq Composite, rich in technological stocks, plunged 6% to 16,550.60

In another bad news for the economy, activity in the service sector slowed sharply in March and in proportions greater than expected, according to the survey published Thursday by the Institute for Supply Management (ISM). The ISM index fell to 50.8, from 53.5 in February, remaining just above the 50 threshold that separates contraction and expansion of activity

On Friday, investors will be watching the March employment report for a possible preliminary impact on hiring as uncertainty increases for businesses.

Economists polled by the Wall Street Journal expect 140,000 net jobs to be created in March, up from 151,000 in February. They expect the unemployment rate to be stable at 4.1%

The speech by Fed Chairman Jerome Powell at a conference in Arlington, Virginia, will also be closely followed as the possibility of a recession in the United States reinvigorates the chances of a central bank intervention on rates before the end of the year.

In Asia, the Nikkei index on the Tokyo Stock Exchange fell by 3.2% on Friday at the end of trading, after dropping 2.8% on Thursday. The Shanghai and Hong Kong stock exchanges are closed on Friday for a public holiday.

At around 7:40 a.m., the 10-year US Treasury bond yield lost 4.5 basis points, to 3.99%, after falling 16 basis points on Thursday. The two-year stock rate fell 4.8 basis points to 3.65% after plunging 20 basis points on

Around 7:40 a.m., the euro gained 0.3% to $1.1085. The greenback lost 0.2% against the Japanese currency, at 145.72

Oil prices continued to fall on Friday, weighed down by American tariffs and increased supply from OPEC+.

At around 7:40 a.m., the June contract for North Sea Brent traded in London fell by 72 cents, or 1%, to 69.42 dollars per barrel. The May contract for light sweet crude (WTI) listed on Nymex lost 78 cents, or 1.2%, to $66.16