In the wake of a sharp fall in American indexes and as investors review a new series of publications of companies on the Old Continent, European stock exchanges should open Overall down on Friday.

The manufacturer of seamless tubes Vallourec has It was announced on Friday that it expected a drop in its gross operating income in 2025, while this indicator and its sales exceeded the expectations of analysts in the third quarter.

The construction and concessions group Eiffage has confirmed its prospects for 2025, after recording an increase of its revenues in the third quarter.

Railway equipment manufacturer Alstom raised its revenue forecast for the current fiscal year, after growth of all of its activities in the first half of the year. For the fiscal year who will end in March 2026, Alstom is now counting on organic growth greater than 5%, and not more than 3% to 5%.

Around 7:40am, the CAC 40 futures contract lost 0.5%, according to data from IG broker.

After a tough session Thursday on Wall Street on Thursday While expectations of a further reduction in its rates by the Fed in December decreases, European index futures are changing Overall down on Friday.

According to data from the broker IG, the futures contract on the DAX 40 in Frankfurt gained 0.1%, while the one on the FTSE 100 at London fell by 0.5%, around 7:40am.

The New York Stock Exchange ended in the red on Thursday, As doubts about the Fed's continued rate cut weigh on the tense valuations of the technology sector.

The day after a second historic record In a row for the Dow Jones, market nervousness quickly regained the upper hand. despite the announcement of the end of the longest “shutdown” in the history of United States.

The Dow Jones Index ended down 1.7% at 47,457,22 points. The S&P 500 also lost 1.7%, to 6,737.49 points, and the Nasdaq Composite, rich in technological stocks, fell by 2.3%, to 22.870.36 points.
According to David Miller, chief investment officer and portfolio manager at Catalyst Funds, “investors are taking profits on technological mega-capitalizations after a long period of strong growth by AI and reallocate their funds to sectors with higher valuations reasonable”.

In terms of businesses, Walt Disney (-7.8%) has also weighed on the trend after reporting a turnover lower than expected in the past quarter. Cisco Systems shares (+4.6%) increased Revenge reached a new record at the close after the rise in annual outlook for the network equipment manufacturer.
Bond yields rose slightly on Thursday as the market is less confident in the chances of a further reduction in Fed key rates in December.

According to the CME FedWatch tool, this scenario is not more credited than with a 52% probability on the futures markets, instead of 63% Tuesday evening.

Kevin Hassett, Donald's economic adviser Trump warned Thursday that October's unemployment rate may never be published, because the monthly survey from which it is extracted was not carried out in because of the “shutdown.” “The household survey was not conducted in October, so we will only have half of the employment report - we will have the part on job creation, but not the unemployment rate, and that's for one month only,” he said on Fox News.

In Asia, the Nikkei index of the Tokyo Stock Exchange fell by 1.8% on Friday at the end of trading. The Shanghai Composite Index gave way 0.6%, while the Hang Seng on the Hong Kong Stock Exchange lost 1.5%.

Statistics released on Friday show that the The momentum of the Chinese economy ran out of steam in October, penalized by a high comparison base last year, when Beijing deployed stimulus measures.

Retail sales in China grew by 2.9% year on year year in October, after an increase of 3% in September, while production The country's industrial sector grew by 4.9% year on year last month, compared to a jump of 6.5% in September. Investment in fixed assets fell by 1.7% over the first ten months of 2025 compared to the same period last year last.

The two-year title rate dropped 1 point from base, at 3.59%. Around 7:40 a.m., the US Treasury bond rate at Ten years lost 0.6 basis points, to 4.12%.

The greenback was unchanged against the currency Japanese, at 154.58 yen. At around 7:40am, the euro was stable at 1.1638 dollars.

The December contract for soft light crude (WTI) listed on Nymex rose by $1.05, or 1.8%, to $59.74 per barrel. Around 7:40 a.m., the contract of January on the North Sea Brent traded in London gained 99 cents, or 1.6%, at 64.01 dollars per barrel.

The research team at Sucden Financial reported that the oil market continues to digest the new prospects of the Organization of Petroleum Exporting Countries (OPEC). These perspectives now indicate that global supply and demand will be approximately balanced by 2026.
The direction of oil prices is likely to be increasingly linked to the macroeconomic climate rather than supply shocks, according to the team.