European stock exchanges are expected to open sharply this Thursday, while an American court decided Wednesday evening to block the so-called “reciprocal” customs duties that came into force in early April.

Alstom announced Wednesday evening that it had won a contract worth more than 69 million dollars (around 60 million euros) to deliver 19 additional cars of its Innovia APM R automated shuttle to Denver airport in the United States.

Despite the public holiday, the Paris Stock Exchange is open this Thursday.
At around 7:45am, the CAC 40 futures contract gained 1.1%, according to data from broker IG.

After a federal U.S. trade court ruled that U.S. President Donald Trump lacked the authority to impose tariffs on virtually every nation, thereby cancelling levies that triggered a trade war and threatened to upset the nation. 39; global economy, European equity futures foreshadowed a higher opening. At around 7:45am, the DAX 40 futures contract in Frankfurt was up 1.2%, while the FTSE 100 in London was up by 0.8%, according to data from

The New York Stock Exchange closed lower on Wednesday before this decision and after concerns about inflation and growth expressed by the Federal Reserve (Fed) in the minutes of its last meeting. The Dow Jones index lost 0.6% on Wednesday, to 42,098.70 points, and the S&P 500 lost 0.6%, to 5,888.55 points. The Nasdaq Composite fell 0.5% to 19,100.94 points

On the American business side, Costco and Dell are due to publish their latest quarterly results this Thursday evening after the close of Wall Street.
In Asia, the Nikkei index on the Tokyo Stock Exchange gained 1.9% on Thursday at the end of trading. The Shanghai Composite Index rose by 0.8%, while the Hang Seng on the Hong Kong Stock Exchange rose by 1.3%.

Following the Federal Trade Court's decision on tariffs, which likely resulted in an escape of safe-haven assets such as sovereign debt, the prices of major government bonds fell. A fall in prices automatically leads to an increase in bond yields.
Around 7:45am on Wednesday, the 10-year US Treasury bond rate rose 3 basis points to 4.51%. The two-year bond yield also rose by 3 basis points, to 4.03%.

The US dollar strengthened. The Federal Trade Court decision seems to have “restored some confidence in American institutions, and, as a result, supported the dollar,” according to Maybank analysts. For the latter, the Trump administration plans to appeal and it is therefore unlikely that the support provided to the dollar by this development will continue. Around 7:45am, the euro lost 0.5% to 1.1243 dollars. The greenback gained 0.7% against the Japanese currency, at 145.93 yen.

Oil rose on Thursday as investors expect trade to rebound. According to George Pavel, director general of Naga.com Middle East, “the expectations that OPEC+ will continue its plans to increase production, potentially by 411,000 barrels per day in July, could continue to weigh on the market.” The contract for light sweet crude (WTI) at the same maturity listed on Nymex rose by $1.06, or 1.7%, to $62.90 per barrel.
At around 7:45am, the July contract for North Sea Brent traded in London gained 1 dollar, or 1.5%, to 65.32