This Friday morning the European equity markets are expected to rise after the rise of Wall Street. The Eurostoxx 50     expects 4,096.07 points with a decline of 0.02%, the CAC 40 to           6,546.49 points down 0.26% and the DAX 30 to 15,571.22 points down 0.06%. The IBEX 35 also fell 0.24% to 9,133.80 points and Nikkei 225 fell 0.03% to 28,948.95 points. Positive ratings are noted at the level of the FTSE 100 which shows 7,088.18 points (+0.10%), the SMI with 11,810.80 points (+0.19%), the AEX with 725.45 points (+0.38%), the BEL 20 with 4,168.36 points (0.44%), the DJIA with 34,466.24 points (+0.06%), the Nasdaq          14,020.33 points (+0.78%) and the S&P 500 which displays 4,239.18 points (+0.47%). The Exchange Rate at 06:50 indicates an increase in all currencies. Compared to the close in New York, EUR/USD posted 1.2190 up 0.11%, EUR/JPY 133.36 up 0.18% and USD/JPY up 0.07%. In the news of companies, in France, the reinsurer Scor and its first shareholder Covéa have found common ground to draw a line under the conflict that opposed them since the attempted takeover launched by Covéa in 2018. The two groups announced Thursday evening that they had signed a memorandum of understanding terminating all ongoing legal proceedings and giving Scor an option to buy back the shares held by Covéa at a unit price of 28 euros. EssilorLuxottica announced on the same day that it had obtained all regulatory approvals for the acquisition of Dutch optical distributor GrandVision, following the conditional green light granted by the Turkish Competition Authority.

Euronext announced on Thursday the entry of car rental company Europcar Mobility into the SBF 120 index, replacing Societe Generale ald's subsidiary, which specialises in long-term vehicle financing. These changes will come into force on Friday, June 18 at the close, Euronext said in a statement. The telecommunications group Orange is due to publish on Friday the results of the internal investigation launched following the outage that disrupted emergency numbers in France last week. Laurent-Perrier also published its annual results on Friday. The annual general meetings of Bénéteau, ABC Arbitrage, Abionyx Pharma, Genomic Vision, HF Company and Xilam Animation are also on the agenda. As investors appear to be ignoring the latest signs of accelerating inflation in the United States, European equity markets are expected to open on a slightly positive note on Friday. At 7:30 a.m., the CAC 40 futures contract gained 5.6 points, or 0.1%, according to data from broker IG Markets. The CONTRACT on the DAX 30 took 9 points, or 0.1%, while the contract on the FTSE 100 gained 10.7 points, or 0.2%.
The New York Stock Exchange closed higher on Thursday, as investors remain confident in the economy's recovery despite a further acceleration in U.S. inflation in May. The broader S&P 500 index posted its first all-time high since May 7, rising 0.5% to 4,239.18 points. In Asia, the main markets are moving in a contrasting way on Friday. At the end of the session, the Nikkei index lost 0.03% in Tokyo, while the Hang Seng of the Hong Kong Stock Exchange gained 0.4%. The Shanghai Composite Index lost 0.3%. Yields rose briefly after the release of the U.S. Consumer Price Index, but this trend reversed in the session. The yield on the ten-year U.S. Treasury bond is stable Friday morning, at 1.441%. According to some analysts, investors were expecting a rebound in prices compared to May 2020, when they had suffered the effect of the pandemic, and several of them point out that a temporary rise in the cost of cars has largely fueled the rise in the price index. The euro appreciates on Friday against the dollar and the yen. The greenback is also gaining ground against the Japanese currency. The yen is suffering from optimism in Asia. For DailyFX.com, higher-than-expected inflation in the United States is likely seen as a sign of good economic health and investors are adhering to the Federal Reserve's view that inflationary pressures are "transitory." The euro is expected to strengthen against the dollar in the coming months, even if the pace of economic recovery is uneven in European countries and inflation remains below the ECB's target, according to Validus Risk Management. after gaining ground the day before. At 7:35 a.m., the August contract for North Sea Brent fell 35 cents to $72.17 a barrel, while the July contract for Nymex-listed light sweet crude (WTI) lost 31 cents to $69.98 a barrel. The announcement of the lifting of sanctions imposed by the United States on some representatives of the Iranian oil sector weighs on prices, as it suggests that negotiations on a nuclear agreement with Iran could soon be concluded, indicates ANZ. The market seems "convinced" that Brent and New York-listed light soft crude (WTI) "deserve to trade above $70 given the current demand trajectory, and maintaining these levels shows that patience prevails," dickson said. Oil market analyst at Rystad Energy, despite the stronger-than-expected increase in U.S. gasoline inventories last week.