European stock exchanges are expected to open sharply on Friday, as US President Donald Trump announced a sharp increase in customs tariffs for many countries that have not concluded trade agreements with the United States.

AXA announced on Friday that it had recorded a 7% increase in its premiums in the first half at comparable exchange rates but its net income was down 2% over one year.

The IT services group Atos confirmed its financial goals for 2025 on Friday, after improving its profitability in the first half of the year.

The gas and electricity supplier Engie confirmed its goals for 2025 on Friday, after a first half in line with its expectations.

New passenger car registrations in France fell by 7.7% over one year in July in raw data, announced Friday La Plateforme Automobile (PFA), which brings together the sector in France.

The car manufacturer Renault announced on Friday the purchase of the shares of its Japanese partner Nissan in their joint plant in Chennai, India, in order to become the sole shareholder.

Around 7:40 a.m., the CAC 40 futures contract was down 0.7%, according to data from broker IG.

After US President Donald Trump announced an upcoming increase in tariffs for dozens of countries, European equity futures are down this morning.

According to data from broker IG, the DAX 40 futures contract in Frankfurt lost 0.7%, while the FTSE 100 in London fell by 0.3%, around 7:40am.

Canada did not reach an agreement and will now be subject to 35% tariffs, with an exemption for goods that comply with the United States-Mexico-Canada Free Trade Agreement. But 18 other countries that also did not reach an agreement are expected to see their tariffs increase in seven days.
Dozens of other countries that were not among the 25 trading partners that received letters are also expected to face higher tariffs on 7 August; these nations include Switzerland, which faces a 39% customs tax on imports, as well as Taiwan at 20%. Cameroon, Iceland, New Zealand, and Norway are among the many countries that are expected to have a rate of 15%.
According to Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management, “people agree that the economy is starting to slow.” “The only thing that supports the stock market is the profits of tech giants,” he said.
On Thursday evening, Apple announced that it had exceeded Wall Street expectations in the past quarter, as the expectation of dissuasive tariffs translated into an acceleration in iPhone sales during the trade truce concluded with China.
In addition, Amazon said Thursday evening that it had recorded a new jump in its profit in the second quarter, driven by the growth in sales of its cloud computing division AWS (“cloud”) and the improvement in the profitability of e-commerce.
This Friday, it will be the turn of oil giants Chevron and Exxon Mobil to publish their results.
In New York, the stock market went into the red at the end of trading on Thursday, despite the support provided by the well-received quarterly results from Meta Platforms (+11%) and Microsoft (+4%). The Dow Jones index finally lost 0.7% on Thursday, to 44,130.98 points, and the S&P 500 fell 0.3% to 6,339.39 points. The Nasdaq Composite, rich in technological stocks, closed very slightly, at 21,122.45 points.
In Asia, the Nikkei index on the Tokyo Stock Exchange lost 0.6% on Friday at the end of trading. The Shanghai Composite Index was down 0.5%, while the Hang Seng on the Hong Kong Stock Exchange lost 0.6%.

The two-year bond yield fell 1 basis point (0.01 percentage point) to 3.96%. At around 7:40am, the 10-year US Treasury bond rate was stable at 4.38%

The greenback lost 0.2% against the Japanese currency, at 150.47 yen. Around 7:40 a.m., the euro recovered 0.1%, to 1.1430

The September contract for soft light crude (WTI) listed on Nymex also took 2 cents, at $69.28 per barrel. At around 7:40am, the September North Sea Brent contract listed in London gained 2 cents, at $71.71