European equity markets expected to rise after the US infrastructure deal. The Eurostoxx 50 opened at 4,122.43 points (+1.14%), the CAC 40 at 6,631.15 points (+1.22%),  the DAX 30  at 15,589.23 points (+0.86%), the FTSE 100 at 7,109.97 points (+0.51%), the SMI at 11,993.64 points (+0.80%), the AEX at 732.70 points (+1.06%), the BEL 20 at 4,149.61 points (+0.90%), the IBEX 35 at 9,074.10 points (+1.34%), the DJIA at 34,196.82 points (+0.95%), the Nasdaq at 14,369.71 points (+0.69%), the S&P 500 at 4,266.49 points (+0.58%), and the Nikkei 225 at 29,076.79 points (+0.70%).

The variation from the Close in New York indicates that EUR/USD gains 0.07% (1.1939), EUR/JPY gains 0.04% (132.34) while USD/JPY lost 0.03% (110.86).

The air transport group Air France-KLM announced on Friday that it has successfully completed a two-tranche bond issue for a total of €800 million. gradually part of the state aid awarded in May 2020," Air France-KLM said in a statement.

European equity markets are expected to open higher on Friday, in the wake of Wall Street's advance the day before, supported by US President Joe Biden's announcement of an agreement on a massive infrastructure investment plan. At 7:45 a.m., the CAC 40 futures contract gained 15 points, or 0.2%, according to data from broker IG Markets. The CONTRACT on the DAX 30 was up 39 points, or 0.3%, and the FTSE 100 contract was up 6.2 points, or 0.1%. The New York Stock Exchange ended higher on Thursday to reach new all-time highs, driven by a slight decline in U.S. jobless registrations and the prospect of a broad infrastructure investment plan. The S&P 500 and Nasdaq Composite all closed at a new all-time high. U.S. President Joe Biden on Thursday announced a deal with a group of Republican and Democratic senators in favor of a $1 trillion infrastructure investment plan over the next five years. The plan will still need congressional approval as part of the Biden administration's passage of a broader bill.  The chairman of the New York Federal Reserve (Fed) on Thursday again ruled out raising interest rates in the near future. while the labor market in the United States has still not returned to its pre-coronavirus level.

In Asia, the main indices are gaining ground on Friday, supported by commodities. At the end of the session, the Nikkei index of the Tokyo Stock Exchange rose by 0.7%, the Shanghai Composite took 1.1% and the Hang Seng index advanced 1.2% in Hong Kong.

The yield on the TEN-year US government bond is almost stable Friday morning, at 1.492%, after a muted session in the United States on Thursday. St. Louis Fed President James Bullard warned that inflation could be stronger than Fed officials had anticipated, and that it could accelerate in the fall as the economy continues to reopen after the Covid-19 pandemic. According to the consensus of fund managers by Russell Investments, the Federal Reserve (Fed) could begin to reduce its bond purchases in the first quarter of 2022. Nearly a third of the professionals surveyed (31%) however expect a "tapering" from the fourth quarter of 2021. About 80% of managers also believe that the central bank will raise its key rates in 2023, compared to 36% in the study carried out in the first quarter. The Fed could then raise rates two to four times a year, depending on the consensus.

The euro gained some ground on Friday morning against the dollar and the yen, while the greenback fell slightly against the Japanese currency. The pound sterling is almost stable against the dollar and the euro. The pound, which is currently trading at $1.3920, will struggle to cross the $1.41 threshold, penalized by the prospect of an irregular recovery of the British economy and by the uncertainties related to the rebound of coronavirus infections in the United Kingdom, says Ned Rumpletin, currency strategist at TD Securities.

Oil contracts are flat Friday morning, as investors analyze signs of stronger demand while watching for the possible response of the Organization of the Petroleum Exporting Countries (OPEC) and its allies to the recent rise in crude prices. At 7:30 a.m., the August Contract for North Sea Brent was stable at $75.56 per barrel, and the same maturity contract for Nymex-listed Light Sweet Crude (WTI) was also unchanged at $73.30 per barrel. At 7:35 a.m., the August contract for North Sea Brent fell 35 cents to $72.17 a barrel, while the same maturity contract for Nymex-traded light sweet crude (WTI) lost 31 cents to $69.98 a barrel.