Supported by the American president's reversal, Donald Trump, on the customs surcharges with which he threatened Europe in connection With its plan to annex Greenland, the European stock exchanges should Open sharply higher on Thursday.

On Wednesday evening, Michelin announced that it had recorded in 2025 a free cash flow before acquisitions of 2.1 billion euros, in preliminary data, which is a level higher than the forecast of 1.5 to 1.8 billion euros communicated by the tire manufacturer on October 13.

InterParfums published a turnover on Thursday higher than expectations in 2025, thanks to the end of the year “slightly better than expected.” However, the manufacturer of licensed perfumes has was cautious about the new fiscal year. “The lack of visibility The current situation continues to encourage us to be very careful about the year 2026", underlined the group's CEO, Philippe Benacin.
Ubisoft has lowered its objectives for its delayed fiscal year 2025-2026, and announced a refocusing of its game portfolio as well as a redesign of its organization, while the video game publisher is looking to relaunch itself on a increasingly competitive market.

The construction and concessions group Eiffage announced that it won in grouping a contract for the replacement of the Levensau metal bridge, on the Kiel Canal in northern Germany. The amount of this contract for Eiffage amounts to 82 million euros.

Argan will release its annual results on Thursday after the closing of the Paris Stock Exchange.

Around 7:40 a.m., the CAC 40 futures contract was up 1%, according to data from broker IG.

This morning, index futures Europeans register a strong increase, thanks to the appeasement of geopolitical and commercial tensions between the United States and the Old Mainland.
Around 7:40 a.m., the DAX 40 futures contract in Frankfurt increased by 1.1%, while the FTSE 100 in London advanced by 0.7%, according to data from IG broker.

Donald Trump announced on Wednesday evening that he was giving up to impose additional customs duties on eight European countries opposed to his plan to annex Greenland.

The American president said on his network social Truth Social: “based on a very productive meeting that I had with the Secretary General of NATO, Mark Rutte, we established the framework for a future agreement on Greenland and, in fact, on all of the Arctic”.

Donald Trump assured Wednesday afternoon at Davos, that he would not use force to take control of Greenland. During his speech, however, he reaffirmed that the island was of “central national security interest for United States”.
The statements of the tenant of the White House allowed the clues Americans to recover on Wednesday. The Dow Jones index gained 1.2%, at 49,077.23 points, as well as the S&P 500, at 6,875.62 points. The Nasdaq Composite, rich in technological stocks, also rose by 1.2% to 23,224.92 dots.

American indexes had fallen the day before in reaction to the resurgence of trade and geopolitical tensions between United States and Europe.
According to Steve Sosnick, Chief Strategist at Interactive Brokers, the announcement of a framework for a NATO agreement concerning Greenland has appeased the concerns, but details have not yet been provided.

He believes that this uncertainty partly explains Why did Wednesday's reversal of the trend not make up for it entirely the decline of Tuesday for the S&P 500 and the Nasdaq Composite.

In Asia, the Nikkei index of the Tokyo Stock Exchange gained 1.7% on Thursday at the end of trading. The Shanghai Composite Index gained 0.2%, while the Hang Seng on the Hong Kong Stock Exchange was stable.

The rate of the American Treasury bond at ten Years rose by 1.5 basis points, to 4.26%, around 7:40am. The security rate at two years increased by 0.7 basis points, to 3.60%.

US bond rates relaxed Wednesday, erasing their progress from the previous day.

According to Clayton Triick, from Angel Oak, the titles of Long-term US Treasuries are expected to remain under pressure, with a return 10-year trend trending upward, especially if the Fed adopts an accommodative tone.

One reason would be the perception by investors that too low interest rates today would lead to a recovery cycle in the future, especially if the economy continues to do well wear. But Clayton Triick indicates that the relatively high returns in other countries, especially Japan, could lower the price of securities of the US Treasury in the long term and raise their rates.

The greenback gained 0.3% against the currency Japanese, at 158.76 yen. Around 7:40am, the euro was almost stable at 1.1691 dollar.

This morning, oil futures are not changing much. The March contract On soft light crude (WTI) listed on Nymex, trading 3 cents, or 0.1%, at 60.59 dollars per barrel. Around 7:40 a.m., the March contract on North Sea Brent Listed in London lost 8 cents, or 0.1%, to $65.17 per barrel.

Due to improved prospects economic and the fall in crude oil prices, the International Agency of Energy (IEA) raised its forecast for the growth of global demand for oil. The agency is now forecasting demand growth of 930,000 barrels per day this year, not 860,000 barrels per day.