Before the PMI indices in the eurozone, European stock exchanges should hesitate. The Eurostoxx 50 opens at 3,427.14 points (-1.85%), the CAC 40 at 5,918.50 points (-1.87%), the DAX 40 at 12,531.63 points (-1.84%), the FTSE 100 at 7,159.52 points (-1.08%), the SMI at 10,429.40 points (-0.45%), the AEX at 657.40 points (-1.85%), the BEL 20 at 3,499.15 points (-1.67%), the IBEX 35 at 7,774.70 points (-1.24%), the DJIA at 30.076.68 points (-0.35%), the Nasdaq at 11,066.81 points (-1.37%), the S&P 500 at 3,757.99 points (-0.84%) and the Nikkei 225 at 27,153.37 83 points (-0.58%).

As for exchange rates, the change from the close mentions that in New York, EUR/USD is at 0.9828 (-0.10%), EUR/JPY at 139.78 (-0.20%), USD/JPY at 142.23 (-0.10%).

On Friday the 23rd, investors are paying attention to the September service and manufacturing PMI indexes. The Wall Street Journal polled economists who expect a manufacturing index of 50 after 6 in August, and a services index of 50.6, up from 51.2 last month. The index reflects a contraction in activity of less than 50 compared to the month of August, and thus reflects growth above this threshold.

Airbus is organizing an investor day in Toulouse for companies and Alten presents its half-year results.

On Friday the 23rd, European stock exchanges are expected to open close to balance. While waiting for August services in the eurozone and manufacturing PMI indexes, investors are catching their breath.

According to data from the IG Markets broker, the CAC 40 futures contract is up 8.6 points, or 0.15% at around 7:40am. The FTSE 100 contract gained 20 points, or 0.3%, and the DAX 40 contract gained 12 points, or 0.1%.

After the series of interest rate hikes announced this week by major central banks, European equity markets fell sharply on Thursday 22. This series of interest rate hikes is causing investors to fear a global recession. The downward movement was continued by Wall Street on Thursday 22. This was the day after another 75 basis point rate hike by the Federal Reserve (Fed), which plans to tighten its monetary policy even further in the coming months.

The Nasdaq Composite sank 1.4% and the broader S&P 500 index fell 0.8%. The Dow Jones Index (DJIA) ended down 0.4%.

A series of tax cuts is expected to be announced by the Liz Truss government. This concerns both the purchase of new housing, companies and wages. On Fridays, the main indices move in a dispersed order in Asia. At the end of the session, the Hang Seng Index on the Hong Kong Stock Exchange lost 0.4%, while the Shanghai Composite gained 0.1%. For a holiday in Japan, the Tokyo Stock Exchange.

On the morning of Friday the 23rd, US Treasury bond yields rose overall. After Japan intervened in the foreign exchange market to support its currency, struggling against the dollar, and several central banks raised their key rates, Treasury bond yields are continuing the surge that has begun.

Several analysts believe that the Fed's monetary tightening is supporting the dollar and forcing other countries to defend their currencies while fighting inflation, even if they have difficulty explaining the fluctuations.

On the morning of Friday 23, the euro fell slightly against the dollar. Foreign exchange markets may regain some calm after numerous monetary policy decisions, largely due to strong interest rate hikes in recent days, according to MUFG Bank. However, the bank indicates that the strength of the dollar is likely to remain a dominant theme in the short term. According to the manager, “there is a war in Europe that is forcing investors to put their funds in safety. The eurozone is not a place where people want to put their money in case war breaks out on the continent” and Jerome Powell only cares about inflation.

Amid concerns on Friday morning, oil futures declined for demand and a gloomy global economic outlook. Fitch Solutions indicates that “It also seems that the physical market has been deteriorating in recent months, with activity slowing in the wake of the fall in futures contracts.” For Sevens, the war in Ukraine remains a positive factor for prices, as is the fact that OPE+, which brings together the Organization of Petroleum Exporting Countries (OPEC) and ten allied countries, is failing to meet its production targets. The November contract on light sweet crude (WTI) traded on Nymex fell 20 cents to $83.29 per barrel while the North Sea Brent contract of the same maturity lost 19 cents, to $90.27 per barrel, around 7:30am.