At the opening, European equity markets should remain open. The Eurostoxx 50 opens at 3,362.40 points (+0.93%), the CAC 40 at 5,879.19 points (+1.04%), the DAX 40 at 12,355.58 points (+1.51%), the FTSE 100 at 6,850.27 points (+0.35%), the SMI at 10,227.90 points (+0.28%), the AEX at 633.01 points (+0.35%), the SMI at 10,227.90 points (+0.28%), the AEX at 633.01 points (+0.35%), the SMI at 10,227.90 points (+0.28%) 0.29%), the BEL 20 at 3,346.80 points (+1.00%), the IBEX 35 at 7,348.80 points (+1.21%), the DJIA at 30.038.72 points (+2.83%), the Nasdaq at 10,649.15 points (+2.23%), the S&P 500 at 3,669.91 points (+2.60%) and the Nik106kei 225 at 27.106kei 225, 18 points (+3.32%).

As for exchange rates at 6:50 a.m., the change compared to the close mentions that in New York, EUR/USD is at 0.9786 (+0.06%), EUR/JPY at 144.24 (+0.18%) and USD/JPY at 147.40 (+0.12%).

After registering 12% growth in turnover in the third quarter, gambling operator La Française des Jeux (FDJ) raised its 2022 targets last night.

On the other hand, the construction and dealership group Vinci announced on the same day that passenger traffic at its airports around the world increased by 85.1% in the third quarter of 2022 compared to the same period last year. However, compared to the same period in 2019, before the start of the health crisis, attendance at VINCI Airports remained down by 21.9%.

Also on Thursday, the spirits group Pernod Ricard announced a “significant” increase in its minority stake in the American “super-premium” wine and spirits company Sovereign Brands. He did not mention either the size of this participation or the cost of the operation.

The final consumer price statistics for the month of September will be out at 8:45am on the macroeconomic side.

Today, European equity markets are expected to open sharply higher. On the controversial tax cut plan, investors are hoping the British government will back down.

The FTSE 100 contract increased by 78.7 points, or 1.2%, and the DAX 40 contract gained 250 points, or 2%. According to data from the IG Markets broker, the CAC 40 futures contract gained 103.5 points, or 1.8% around 7:40am.

IG indicates that: “It seems that the market is taking into account the increasing probability of a major turnaround, or even multiple reversals, which would improve the UK's fiscal outlook while creating the impression that the new Prime Minister and her Chancellor of the Exchequer are unable to get the situation under control.”

After the announcement of higher-than-expected inflation in the United States in September, which reinforced the hypothesis of a continuation of the Federal Reserve's (Fed) strong monetary tightening, the New York Stock Exchange ended sharply higher on Thursday after a highly volatile session.

Equity markets are gaining ground in Asia. The Nikkei rose 3.3% in Tokyo, the Shanghai Composite rose 1.6% and the Hang Seng Index on the Hong Kong Stock Exchange increased 3.4% at the end of the session.

In the wake of a report on US inflation that pushed past the 2022 highs, US Treasury yields changed little this morning.

The rate for the 2-year bond dropped 3 basis points to 4.443% and the 10-year US Treasury bond was unchanged at 3.939% around 7:20 a.m.

After further “vigorous” hikes by the American central bank, the Fed's key rate is expected to be in a range of 5% to 5.25% in February (compared with 3%-3.25% currently). According to Tom di Galoma, head of interest rate markets at Seaport Global Holdings, a key rate of 5% would be “harmful for stocks and corporate earnings and could cause further selling movements in bonds.”

The euro appreciates against the dollar and the yen. Compared to the Japanese currency, the greenback is gaining ground.

The analyst at City Index and Forex.com, Fawad Razaqzada indicates that “After consumer price statistics, a rate hike of 75 basis points in November seems certain, although some also speculate that it will rise by 100 basis points. This should work in favor of the dollar against currencies whose central bank raises rates less sharply or not at all.

In the Asian session, oil futures rose slightly.

The December Brent contract rose 14 cents to $94.71 per barrel while the November contract on the New York-listed WTI earned 17 cents to $89.28 per barrel. The market “realizes that stocks are dangerously low as winter approaches,” according to The Price Futures Group and therefore poor market access due to concerns about the Fed's and the greenback's monetary lifespan is being reversed.

Crude inventories in the United States increased due to a seasonal decline in demand and use of strategic reserves after spending most of the year at historic lows, according to Peter McNally, global sector manager for industrial materials and energy at Third Bridge.