After the sharp drop in tech stocks on Thursday On Wall Street, European stock markets are expected to open downwards on Friday, while investors review a new series of releases from quarterly results.

The Elis industrial laundry group has confirmed its annual forecasts after an acceleration in its activity in third quarter, driven by a dynamic summer season in the hotel industry and catering in France and Southern Europe.

The TF1 audiovisual group lowered its margin target for 2025, stressing that political instability and taxation in France weighed heavily on the advertising market.

Friday, the electrical engineering specialist and Mechanical Spie has confirmed its financial goals for 2025, although its production, which represents the equivalent of turnover, has less increased than expected in the third quarter.

GTT will release business figures at third quarter after the close of the Paris Stock Exchange.

AXA for its part announced an increase in its revenues for the first nine months of the year. The insurer said it remained confident in the future and in the execution of its Unlock the Future strategic plan.

The producer of building materials Saint-Gobain confirmed its operating margin target for 2025, after Have reported activity in line with expectations in the third quarter.
All eyes will also be on Friday on the National Assembly, which will debate the taxation of high assets (Zucman tax) as part of the examination of the revenue component of the finance bill. This measure requested by the Socialist Party in exchange for its non-censorship of the government is unlikely to obtain a majority, but the executive could make other proposals by matters of tax justice to rally the left.
Around 7:40 a.m., the CAC 40 futures contract lost 0.1%, according to data from IG broker.

So investors could show up cautious in the wake of the sharp downturn in the tech segment on Wall Street, European index futures are down on Friday. Around 7:40, the The DAX 40 futures contract in Frankfurt lost 0.2%, while the futures contract on the DAX 40 in Frankfurt lost 0.2%. FTSE 100 in London fell by 0.3%, according to data from broker IG.

As the fall in Meta Platforms stock weighed On the technology compartment, the New York Stock Exchange ended lower Thursday. The Dow Jones index ended down 0.2%, at 47,522.12 points, while the S&P 500 lost 1% to 6,822.34 points. The Nasdaq Composite, at Strong technological coloring, dropped 1.6%, to 23,581.14 points.

Meta plummeted the leading tech index in dropping by 11.3%, its biggest fall in more than three years, while Investors are worried about Facebook's parent company's plan to increase heavily its spending on artificial intelligence. Microsoft (-2.9%) is also fell below the 4 trillion dollar mark of Market capitalization, victim of profit-taking despite results surpassed expectations in the third quarter. Only Alphabet (+2.5%) survived after better than expected results thanks to its IT services dematerialized (cloud) and to its progress in AI.

After Wall Street closed, Apple released record quarterly sales and was very confident for the quarter in course due to the success of the new iPhone 17. For its part, Amazon announced a Strong increase in sales and profits in the third quarter, driven in particular by the continued growth of its cloud activities and artificial intelligence. Apple shares rose 2.3% during post-close trade, while Amazon soared by more than 13%.

In Asia, the Nikkei index of the Tokyo Stock Exchange gained 2.1% on Friday at the end of trading. The Shanghai Composite Index lost 0.6%, while the Hang Seng of the Hong Kong Stock Exchange dropped 1%.

The official Purchasing Managers Index (PMI) of manufacturing sector in China fell to 49 in October from 49.8 in September. For the seventh consecutive month in a row, it is therefore below threshold of 50 that separates expansion and contraction of activity.

The two-year stock rate gained 0.5 points from base, at 3.62%. Around 7:40 a.m., the US Treasury bond rate at ten years was stable, at 4.10%.

The greenback was unchanged against the currency Japanese, at 154.12 yen. At around 7:40am, the euro was stable at 1.1569 dollars.

The December soft light crude (WTI) contract listed on Nymex lost 50 cents, or 0.8%, to $60.07 per barrel. Vers 7:40 a.m., the January North Sea Brent contract listed in London sold 51 cents, or 0.8%, to $63.86 per barrel.

ANZ Research analysts said in a research report that “the market is now waiting for the meeting of OPEC+ this weekend and the discussions on its production policy.” According to The latter, “American sanctions against companies Russian oil companies are considerably increasing the risks to supply.” They believe that this could encourage OPEC+ to approve a new supply increased by 137,000 barrels per day for December.