At the opening, European equity markets should recover. The Eurostoxx 50 opens at 4,094.28 points (-1.92%), the CAC 40 at 6,951.87 points (-1.86%), the DAX 40 at 14,920.36 points (-1.72%), the FTSE 100 at 7,747.29 points (-1.07%), the SMI at 11,258.97 points (-0.95%), the AEX at 735.68 points (-1.79%), the BEL 20 at 3,849.32 points (-1.81%), the IBEX 35 at 8,793,10 points (-1.57%), the DJIA at 33,044.56 points (-0.76%), the Nasdaq at 10,852.27 points (-0.96%), the S&P 500 at 3,898.85 points (-0.76%), and the Nikkei 225 at 26.5596 points 3,53 points (+0.56%).

Regarding exchange rates, the change compared to the close mentions that in New York, EUR/USD is at 1.0834 (+0.01%), EUR/JPY at 139.96 (+0.63%) and USD/JPY at 129.19 (+0.58%).

In order to obtain new financing, the struggling retirement home operator Orpea confirmed on Thursday evening that negotiations with its creditors and the Caisse des Dépôts (CDC) had failed. In its statement, Orpea specified that it would continue negotiations with the holders of its unsecured debt, whose support is needed to implement the financial restructuring presented to the market last November.

For its part, the seamless tube manufacturer Vallourec announced yesterday evening that it had recently won “major orders” from LLOG Exploration Offshore, presented as “one of the largest priv& companies” exploration and production facilities of the United States.” These orders have financial terms that have not been disclosed, which relate to the delivery of 25,000 tons of pipe pipes as part of the Salamanca deepwater development project, located off the American coast of the Gulf of Mexico. No macroeconomic indicators are to be published in France today.

Despite the pullback on Wall Street last night and concerns about the health of the economy following the release of the latest economic indicators and corporate earnings, European equity markets are expected to open higher on Friday.

Data from the IG Markets broker mentions that the CAC 40 futures contract rose by 42.7 points, or 0.6%, around 7:40am. The FTSE 100 contract won 35.3 points, or 0.5%, while the DAX 40 contract won 65.5 points, or 0.4%.

Major Asian indices are gaining ground on Friday. The Hang Seng, the flagship index of the Hong Kong Stock Exchange, increased 1.4% and the Shanghai Composite gained 0.8% at the end of the session, while the Nikkei index on the Tokyo Stock Exchange closed up 0.6%.

This morning, US Treasury bond yields rose overall. The 2-year bond rate rose 2 basis points to 4.164%, while the 10-year US Treasury bond increased 1 basis point to 3.410% around 7:30am. While bond growth ran out of steam after the release of data highlighting continued strength in the US labor market, the 10-year Treasury rate rebounded on Thursday after reaching its lowest level in four months. BMO Capital Markets said that Fed Chairman Jerome Powell's goal of calming the labor market “has not yet been convincingly achieved and so the Fed remains on track to raise rates on February 1 and prepare the ground for intervention in March as well.”

Like the greenback, the euro was stable against the dollar this morning, but appreciated against the yen. Peter Cardillo, chief economist at Spartan Capital Securities, believes that the dollar has not yet reached its peak. For him, “the rate gap between [the United States and] Europe and Japan is quite significant and continues to grow.” Over the course of his next two meetings, Peter Cardillo expects the Fed to raise rates by a total of 75 basis points. The central bank will tighten monetary policy more quickly than its counterparts in the developed world.

While operators are waiting for the European Union embargo on petroleum products from Russia to come into force, oil prices rose this morning, continuing their increase from the previous day. While the NYMEX-listed sweet light crude (WTI) contract with the same maturity was trading at 37 cents at $80.98 per barrel, the March North Sea Brent contract gained 33 cents at $86.49 per barrel around 7:20 a.m. SPI Asset Management announced that “while there is a positive trend in mobility data in China, there may still be too much optimism about Chinese demand in analysts' short-term expectations.” The asset management firm the first quarter of this year will be a “fragile period for commodities, with recession fears filling the air.”

For her, “the sharp increase in crude imports into China and the decrease in product exports mean [that China] is preparing for a significant increase in demand, which means that there could be a massive impact on global oil prices in the first quarter& bsp;”.