European stock markets are expected to fall slightly at the opening on Friday, while the PCE inflation figures in the United States for July will be published this afternoon.

INSEE will publish this Friday at 8:45am the latest statistics in France on household consumption expenditure in July, GDP for the 2nd quarter and the first estimate of inflation in August.

The spirits group Rémy Cointreau announced on Friday that it would reduce the maximum impact of customs tariffs, from 45 million to 30 million euros. The alcohol company also expects an organic decline in its current operating income (ROC) for 2025-2026 that is less marked than previously expected and is now targeting an organic decline

The telecommunications operator Orange announced on Thursday evening that it had issued 900 million euros in new 12-year bonds, with a coupon of 3.75%.

Schneider Electric announced on Thursday evening that it had issued a 3.5 billion euros bond issue intended to partially finance the purchase of the 35% that it did not yet own in its Indian joint venture, called SEIPL.

The construction and concessions group Vinci reported on Thursday evening an increase in attendance at its airports as well as in motorway traffic in July.

At around 7:40 a.m., the CAC 40 futures contract lost 0.2%, according to data from broker IG.

Futures on European equity markets were mixed after the S&P 500 and the Dow Jones Industrial Average hit new record highs at the end of Thursday following the publication of revised US GDP growth statistics for the second quarter. The US Department of Commerce said on Thursday that the country's real gross domestic product (GDP), excluding inflation, grew by 3.3% in annualized terms over the period from April to June. At the end of July, the ministry initially estimated GDP growth at 3% for the quarter.

As part of its trade agreement with the United States, the European Union published several texts on Thursday lowering customs tariffs on a series of American products. This measure should allow American taxes on the European automotive sector to be reduced to 15%, retroactively to 1 August. Exports from the European automotive sector to the United States were previously taxed at 27.5% (25% surcharges and 2.5% basic taxes

Around 7:40 a.m., the DAX 40 futures contract in Frankfurt lost 0.2%, according to data from broker IG, while the FTSE 100 futures contract on the London Stock Exchange rose by just under 0.1%.

Investors will get a new insight into the inflation situation in the United States when the Federal Reserve's preferred inflation indicator, the Personal Consumer Expenditure Index (PCE), is published this afternoon.

“The focus remains on the delicate balance between high inflation and a relaxing labor market,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors.

The New York Stock Exchange strengthened at the end of trading on Thursday, propelling the Dow Jones and the S&P 500 to new all-time highs despite the poor reception of Nvidia's results by investors. After an opening in the red, the Dow Jones index finally rose by 0.5% to 45,636.90 points. The S&P 500 surpassed its record the day before by gaining 0.3% to 6,501.86 points. For its part, the Nasdaq Composite ended 8 points from its last record after an increase of 0.5%, to

In Asia, the Nikkei index on the Tokyo Stock Exchange lost 0.3% on Friday at the end of trading. The Shanghai Composite Index gained 0.3%, while the Hang Seng of the Hong Kong Stock Exchange rose by 0.8%

At around 7:40 a.m., the 10-year US Treasury bond rate increased by 1 basis point (0.01 percentage point), to 4.22%. The two-year bond yield also gained 1 basis point, to 3.64%

Federal Reserve Governor Christopher Waller said he is now supporting a series of interest rate cuts beginning in September, with the pace of subsequent measures depending on future data.

“It's reasonable to expect the FOMC [Federal Reserve's monetary policy committee] to lower interest rates by [a quarter of a percentage point] at the Fed meeting in September,” said Brian Levitt, global market strategy expert at Invesco. “There is little reason for the Fed to maintain a restrictive policy while the labor market cools and inflation expectations in the bond market are under control.

Around 7:40, the euro lost 0.2% to $1.1664. The greenback gained 0.1% against the Japanese currency, to 147.02

At around 7:40 a.m., the October contract for North Sea Brent traded in London sold 36 cents (-0.5%), to 67.62 dollars per barrel. The October contract for light sweet crude (WTI) listed on Nymex was down 37 cents (-0.6%), to 64.23