Concerns about the economic outlook should continue to weigh on equities. The Eurostoxx 50 opens at 3,454.86 points (-1.69%), the CAC 40 at 5,922.86 points (-1.80%), the DAX 40 at 12,783.77 points (-1.69%), the FTSE 100 at 7,169.28 points (-1.96%), the SMI at 10,741.21 points (-0.65%), the AEX at 659.23 points (-1.96%) 1,10%), the BEL 20 at 3,682.07 points (-1.19%), the IBEX 35 at 8,098.70 points (-1.09%) and the Nikkei 225 at 25,887.93 points (-1.91%).
On the exchange rate side, the change over the close in New York indicates that EUR/USD opens at 1.0459 (-0.25%), EUR/JPY at 141.32 (-0.71%), and USD/JPY at 135.13 (-0.42%).

On the corporate side, Sodexo is publishing its sales for the third quarter of its 2021-2022 fiscal year.
European equity markets are expected to open lower again on Friday, as fears of a global recession continue to dominate financial markets. At 7:45am, the CAC 40 futures contract lost 27 points, or 0.5%, according to data from the broker IG Markets. The DAX 40 contract fell 90 points, or 0.7%, and the FTSE 100 contract fell by 25 points, or 0.4%. Looking for information on how the economy is going to evolve, investors will take their pulse on the manufacturing sector on Friday, with the PMI indexes in the eurozone and the PMI and ISM indexes in the United States in June. The first estimate of inflation in the euro zone for the same month will also be closely monitored.
In the United States, Wall Street ended lower on Thursday after the release of new unencouraging consumer indicators in a context of high inflation. The Dow Jones Index (DJIA) lost 0.8% to 30,775.42 points. The expanded S&P 500 index fell 0.9% to 3,785.38 points. Nasdaq, rich in tech stocks, dropped 1.3% to 11,028 points. In Asia, the main indexes fell on Friday. The Nikkei index lost 2% at the end of the session in Tokyo and the Shanghai Composite fell by 0.5%. The Hong Kong Stock Exchange is closed for the 25th anniversary of the handover to China.

Investors continue to buy sovereign bonds on Friday and the yield on the 10-year US Treasury bond, the market benchmark, remains below 3%. At 7:40am, it stood at 2.958%, compared to 2.970% on Thursday evening. After experiencing one of the largest increases in its history in early 2022 and closing at 3.482% on 14 June, the yield on the ten-year Treasury bill has fallen in recent weeks, a sign that the market is worried about the trajectory of & Exact; economy.

The euro fell back against the dollar on Friday morning in a climate of caution, as investors continued to question central bank rate hikes and the risks of recession. The single currency has fallen sharply against the greenback since the start of the year. It traded at $1.0462 on Friday morning, up from 1.14 in January, and the decline will continue if the ECB does not raise rates more dynamically, according to some analysts.

Oil futures fell slightly on Friday morning as the worsening economic outlook dampened demand projections, according to ANZ. American motorists seem to want to travel less this summer, which may penalize the demand for gasoline, and therefore oil, says the bank. On Thursday, crude oil prices fell, falling throughout June, but ended the first half of the year with a strong increase. At 7:30am, the September North Sea Brent contract lost 19 cents to $108.78 per barrel. The August contract for mild mild crude oil (WTI) listed on Nymex fell by 24 cents to $105.52 per barrel.