While fears in the US bond market have subsided, European equity markets are expected to open higher on Friday.

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At around 7:40am, the CAC 40 futures contract was up by 0.2%, according to data from broker IG.

European stock futures were up. Concerns about a wave of bond sales have subsided. According to data from broker IG, the DAX 40 futures contract in Frankfurt was up 0.1%, while the FTSE 100 in London gained 0.3%, around 7:40am. While none of the issues they seemed to raise were recent, a global wave of sovereign bond sales this week took investors by surprise

Moody's decision to remove its top credit rating in the United States a week ago seems to have triggered a major sales movement, while countries such as the United States and Japan have been dealing with heavy debts for decades. According to Jens Nordvig of Exante Data, with the deterioration of growth expectations in the United States and the sidelining of the Federal Reserve, it seems that the selling pressure on bonds could persist

The New York Stock Exchange ended in scattered order on Thursday, torn between good economic indicators and concerns about the American budget that continue to keep bond rates under pressure. The Dow Jones index ended almost unchanged at 41,859.09 points while the S&P 500 lost 0.04% to 5,842.01 points. The Nasdaq, rich in technology stocks, rebounded by 0.3% to 18,925.74

In Asia, the Nikkei 225 index on the Tokyo Stock Exchange rose by 0.5% on Friday at the end of trading. The Shanghai Composite Index was down 0.1%, while the Hang Seng on the Hong Kong Stock Exchange gained 0.6%.

Around 7:40 a.m., the 10-year US Treasury bond rate was stable at 4.54%, as was the two-year bond rate at 4.00%.

Tim Baker of Deutsche Bank said that the reaction of markets to growing fiscal uncertainty in the United States could be more harmful to the dollar than to Treasuries. For the latter, “Treasuries could benefit from some support in the long term, as domestic investors turn away from equities, but the withdrawal of foreign investors would continue to work against the dollar

Around 7:40, the euro advanced by 0.3% to 1.1312 dollars. The greenback lost 0.3% against the Japanese currency, to 143.55 yen.

Driven down by the possibility of another sharp increase in OPEC+ production for July, oil fell early on Friday. Citi sees “very binary geopolitical risks” around American negotiations on the Iranian nuclear program and the war between Russia and Ukraine. Citi indicates that “geopolitics remains essential for the next evolution of oil up to $70 per Brent, or down to $50

The June contract for soft light crude (WTI) listed on Nymex sold 31 cents (-0.5%) to $60.89 per barrel. Around 7:40 a.m., the July contract for North Sea Brent traded in London lost 30 cents, or 0.5%, to 64.14