European stock exchanges are expected to open higher Friday, despite a new drop off on Wall Street on Thursday due to concerns about high valuations of American tech and the market of work in the United States.

JCDecaux announced on Thursday that it had recorded a downturn of its business in the third quarter, citing a comparison effect unfavorable, and indicated that he expected a turnover “globally stable” in organic terms for the current quarter.

Steel producer Aperam announced on Friday a net loss in the third quarter of 2025, while the decline in its surplus adjusted gross operating income (Ebitda) should continue in the fourth quarter due to difficult market conditions.

Glass packaging manufacturer Verallia has announced on Thursday that it had raised 850 million euros in bonds in two instalments.

The pan-European stock exchange operator Euronext did State on Thursday of a sustained increase in its turnover in the third quarter and announced the implementation of a share repurchase program for 250 million euros.

Around 7:40 a.m., the CAC 40 futures contract gained 0.2%, according to data from IG broker.

At the end of a week of volatility for major technological stocks, futures contracts on the stock markets Europeans are retreating.

Around 7:40 a.m., the DAX 40 futures contract at Frankfurt grew by 0.1%, while the one on the FTSE 100 in London rose by 0.1%. fell by 0.1%, according to data from the broker IG.

On the side of European companies, IAG must release its latest quarterly results this Friday. According to Matt Rowe, senior portfolio manager at Man Group, “valuations are tense, and it is not certain that all these [capital expenditures of American tech] will result in better profitability.” For Matt Rowe, “people don't want to miss the boat, which creates a real struggle for influence.”

In addition, investors are worried about the real state of the labor market in the United States. American businesses indicated that they planned to cut 153,074 jobs in October, or three times more than in September, according to a study published on Thursday by Challenger, Gray and Christmas. The survey evokes the desire of companies to reducing costs and the gradual adoption of artificial intelligence (IA). Since January, the companies surveyed have announced 1,099,500 job cuts, a figure up by 65% compared to the same period of 2024. It is also the highest level observed since 2000.

While the budget freeze (“shutdown”) has become the longest In American history, the technology segment fell sharply on Thursday for the second time in three days on Wall Street.

Investors are nervous about high valuations linked to artificial intelligence and the risks of deterioration of the labor market across the Atlantic. The Dow Jones Index gave up 0.8%, to 46,912.30 points, and the S&P 500 gave up 1.2%, to 6,720.32 dots. The Nasdaq Composite, which is rich in technology stocks, fell by 1.9%, to 23,053.99 points.

In Asia, the Nikkei fell by 1.2% late on Friday of session on the Tokyo Stock Exchange. At the same time, the Shanghai Composite Index fell 0.2%, while the Hang Seng of the Hong Kong Stock Exchange fell by 1.2%.

The two-year bond yield rose 1 basis point to 3.58%. Around 7:40, the rate of the 10-year US Treasury bond gains 2 basis points (0.02 percentage point), at 4.11%.

The American dollar rose slightly but could be penalized by a movement of risk aversion caused by Wall Street losses and the publication of disappointing American statistics during the night. According to Tom Nakamura, portfolio manager at AGF Investments in Toronto, “there are warning signs on the market for Work indicates that the weakness is more widespread and more pronounced than planned”.
For Tom Nakamura, “the data could indicate a slowdown in growth, and there are fears that growth prospects will become more negative and that the Fed's key rate is too restrictive, which would force central bankers to catch up.”

Around 7:40 a.m., the euro fell by 0.1%, to 1.1533 dollar. The greenback gained 0.3% against the Japanese currency, at 153.52 yen.

This Friday, oil futures are growing in a volatile market. The geopolitical bonus linked to the strikes Continued effects of Ukraine on Russian refineries is offset by fears of oversupply. The significant increase in crude inventories in the United States this week and the reduction by Saudi Arabia in its price of official sales for December to Asia also weighed on the investor morale.

Regarding raw, “we're still in neutral ground when it comes to surplus,” said Neil Crosby of Sparta Commodities. “American stocks are not even growing at the rate normal seasonal.” According to him, American exports are high, possibly due to a temporary increase due to proactive purchases from WTI for fear of disruptions in Russian supplies.

Around 7:40, the contract of January on North Sea Brent traded in London rose 0.8% to 63.88 dollars per barrel. The December soft light crude (WTI) contract listed at Nymex also gained 0.8% to $59.91