European equity markets are expected to decline at the open. The Eurostoxx 50 opens at 4,116.77 points, up 0.33%, the CAC 40 at 6,633.77 points (+0.37%), the DAX 30 at 15,640.47 points (+0.45% ), the FTSE 100 at 7,078.42 points (+0.88%), the SMI at 12,086.74 points (+0.11%), the AEX at 758.08 points (+1.39%), the BEL 20 at 4,219.24 points (-0.35%), the IBEX 35 at 8,786.30 points (+0.60%), the DJIA at 35,084.53 points (+0.44%), the Nasdaq at 14,778.26 points (+0.11%), the S&P 500 at 4,419.15 points (+0.42%) and the Nikkei 225 at 27,349.08 points with a drop of 1.55%.

Regarding the exchange rate, the change from the close shows a downtrend of 0.05% on the side of the EUR/USD pair which opens at 1.1883. The EUR/JPY appears at 130.12 down 0.01% and the USD/JPY appears at 109.51 up 0.02%.

A new series of company publications is on the agenda for this Friday. Air France-KLM, Aperam, Amundi, BNP Paribas, Bolloré, Legrand, Mersen, Hermès International, Engie, EssilorLuxottica, Netgem, Parrot, Schneider Electric, Renault and Vinci present their half-year results, while Eutelsat Communications and Geci International announce their annual accounts. Bigben Interactive and Nacon Sasu hold their annual general meeting. On the macroeconomic side, the first estimate of gross domestic product for the second quarter, as well as statistics on household consumption in June, will be released at 7:30 a.m. Consumer price statistics for the month of July will be announced at 8:45 a.m.

European equity markets are expected to open lower on Friday. Major U.S. stock indexes gained ground on Thursday, despite new data indicating the economic recovery has begun to slow. At 6:55 am, the futures contract on the CAC 40 yielded 54.3 points, or 0.8%, according to data from the broker IG Markets. The DAX 30 contract lost 119.5 points, or 0.8%, and the FTSE 100 contract lost 37.8 points, or 0.5%. Friday will be marked by a flurry of macroeconomic releases. In particular, Germany's GDP is expected, then GDP, inflation and unemployment in the euro zone. In the United States, household income and expenditure combined with the PCE index will then appear, as well as the household confidence index of the University of Michigan. The results of the stress tests conducted by the EBA with European banks are expected at 6:00 p.m., as is the survey conducted by the European Central Bank (ECB) among monetary analysts. The New York Stock Exchange ended higher and near all-time highs on Thursday, despite reports of weaker-than-expected growth in the United States in the second quarter, as investors bet on strong corporate results and the maintenance of an accommodating monetary policy by the Fed.

U.S. gross domestic product (GDP) rose 6.5% in annualized terms in the second quarter, the Commerce Department said Thursday, as the U.S. economy continued to recover at a pace comparable to that of the start of the second quarter. 'year. Economists polled by Dow Jones Newswires, however, expected an increase of 8.4% over the period. In Asia, the main indices are trending lower on Friday. At the end of the session, the Shanghai Composite index yielded 0.7%. The Hang Seng fell 2.2% in Hong Kong. In Tokyo, the Nikkei index lost 1.6%.

Yields on US Treasury bonds ended Thursday's session higher, after the release of second-quarter economic growth in the United States showed a considerable recovery but fell short of expectations. At 7:05 a.m., the yield on the ten-year Treasury title, the benchmark for the bond market, was at 1.252%, against 1.272% on Thursday evening. The day before, Federal Reserve officials hinted that the US central bank was preparing to reduce its monthly bond purchases, currently at $120 billion, while signaling that the reduction process could begin this year.

The euro lost some ground on Friday morning against the dollar but remained stable against the yen, like the greenback. Thursday, the WSJ US Dollar Index lost 0.4% and fell for the fourth session in a row. The greenback depreciated against other major currencies after the announcement of weaker than expected growth in the United States in the second quarter. The dollar will be more sensitive to US jobs data after comments from Fed Chairman Jerome Powell, who said the labor market had "still a long way to go" before the central bank started to reduce its monetary support, according to FXTM.

Oil contracts fell on Friday morning, as restrictions intended to limit the spread of Covid-19 are likely to weigh on demand. Travel is significantly lower than normal in major cities such as Kuala Lumpur, Bangkok, Jakarta and Singapore, ANZ points out. At 7:10 a.m., the September North Sea Brent contract was down 47 cents to $75.58 a barrel. That of the same maturity on light sweet crude (WTI) listed on the Nymex yielded 44 cents, at 73.18 dollars a barrel.