At the opening, European equity markets are expected to rise timidly. The Eurostoxx 50 opens at 3,756.06 points (-1.29%), the CAC 40 at 6,528.32 points (-0.97%), the DAX 40 at 13,626.71 points (-2.04%), the FTSE 100 at 7,515.75 points (-0.27%), the SMI at 11,128.19 points (-0,02%), the AEX at 723.09 points (-0,27%), the SMI at 11,128.19 points (-0,02%), the AEX at 723.09 points (-0,27%) ,69%), the BEL 20 at 3,820.65 points (-0.98%), the IBEX 35 at 8,434.80 points (-0.91%), the DJIA at 33,980.32 points (-0.50%), the Nasdaq at 12,938.12 points (-1.25%), the S&P 500 at 4,274.04 points (-0.72%), the Nikkei 225 at 28.952% 4.51 points (-0.92%).

As for exchange rates, the change from the close mentions that in New York, EUR/USD is at 1,0167 (-0.12%), EUR/JPY at 137.32 (-0.12%), USD/JPY at 135.07 remained unchanged.

On Thursday, Valneva announced that the U.S. Department of Defense (DoD) no longer wants to exercise the second annual contract option to supply Ixiaro, the biotechnology company's vaccine against Japanese encephalitis. It indicates in a statement that “Given the past and current impact of the Covid-19 pandemic on DoD operations, [the latter] considers that its existing supply levels of Ixiaro are sufficient to meet its current needs.” As a result, the macroeconomic and business agendas are empty on Friday.

After Wall Street closed in the red on Wednesday, European stock markets are expected to try to advance at the opening on Thursday. In the retail sector and on the latest guidance from the Fed on the future path of interest rates, investors in the United States focused on a new series of quarterly publications. Around 7:30am, we thus note 15.8 points, or 0.2% gained according to data from the IG Markets broker on the CAC 40 futures contract. A rebound of 21 points, or 0.2% for the contract on the DAX 40 and an increase of 16.8 points, or 0.2% on the FTSE 100. Indeed, on Thursday, investors will review the final inflation statistics in the eurozone for this month.

In addition, on Wednesday, the New York Stock Exchange closed lower after confirming its willingness to adopt a “restrictive” policy to beat inflation by the Federal Reserve (Fed). Thus, last month, the Fed decided to continue its rate hikes to slow the economy and plans to maintain a restrictive policy. According to the minutes of the last central bank meeting, the restrictive policy will continue until inflation is clearly under control.

On Wednesday, a report was published stating that American central bankers are aware of both the risk of an insufficient increase in interest rates, which would not curb inflation, and of a rise that would plunge the economy into recession.

On Thursday, during the Asian session, there was a decline in US Treasury bond yields. However, in the past two months, after the release of the minutes of the Fed's last monetary policy meeting, two-year bond yields have risen to a high level. Similarly, we note that the 2-year US Treasury bond rate lost 2 basis points, to 3.258%, while the 10-year rate fell around 3 basis points, to 2.873% around 7:20 a.m.

The dollar is stable against the Japanese currency while the euro gave way to the dollar and the yen on Thursday morning. Indeed, after being under pressure following the release of the Fed minutes, the dollar recovered overall during the Asian session. On Thursday, according to Sophia Ng, currency analyst at MUFG Bank, the fall in the New York Stock Exchange indices should weigh on risk appetite in Asia.

On Thursday morning, there was a slight change in oil futures. On Wednesday, an increase was also noted after the US Department of Energy mentions a decrease of 7.1 million barrels in crude stocks in the United States last week. Edward Moya tells Oanda that “American crude exports have reached a record while Europe is struggling to find alternatives to Russian oil.” For him, “Oil should gain height.” Thus, the October Brent contract rose 6 cents to $93.71 per barrel while York earned 3 cents to $88.14 per barrel.