Stock markets expected to fall after the strong Wall Street pullback. The Eurostoxx 50 opens at 4,048.08 points (-0.79%), the CAC 40 at 6,520.01 points (-0.62%), the DAX 40 at 15,260.69 points (-0.68%), the FTSE 100 at 7,086.42 points (-0.31%), the SMI at 11,642.45 points (+0.12%), the AEX at 771.94 points (-0.12%) .50%), the BEL 20 at 4,158.89 points (+0.80%), the IBEX 35 at 8,796.30 points (-0.94%), the DJIA at 33,843.92 points (-1.59%), the Nasdaq at 14,448.58 points (-0.44%), the S&P 500 at 4,307.54 points (-1.19%) and the Nikkei 225 at 28.805, 22 points down 2.20%

With respect to the exchange rate, the change compared to the close in New York indicates that EUR/USD opened at 1.1579 (-0.01%), EUR/JPY at 128.71 (-0.10%), and USD/JPY at 111.16 down 0.11%.

The banking group Crédit Agricole SA said on Thursday evening that it was in discussions with the Moroccan investment company Holmarcom to sell its subsidiary Crédit du Maroc to it, thus confirming “market rumours”. These discussions are at a preliminary stage without any certainty as to whether or not the Moroccan subsidiary will be sold, Crédit Agricole SA said in a press release. For its part, the real estate group Icade announced on Thursday evening that market conditions did not allow it to complete the planned IPO of its subsidiary Icade

European equity markets are expected to open sharply lower on Friday, following the strong pullback experienced by Wall Street in the last session of September, which was the worst month for the S&P 500 index since March 2020. At 7:25am, the CAC 40 futures contract lost 81.5 points, or 1.3%, according to data from the broker IG Markets. The DAX contract lost 206 points, or 1.4%, and the FTSE 100 contract fell by 77.2 points, or 1.1%. On the statistical front, attention will be focused on Friday on the PMI manufacturing sector indices of France, Germany and the eurozone, as well as on the provisional estimate of inflation in the eurozone. In the United States, investors will focus on household income and expenditure, accompanied by the PCE index, then the PMI and ISM manufacturing indices and the University of Michigan Household Confidence Survey. The New York Stock Exchange finished sharply lower on Thursday for the final session of September and recorded its worst monthly performance since March 2020, as economic uncertainties held investors back

Over the whole of September, the Dow Jones Index lost 4.2% and the Nasdaq Index fell by 5.2%, which was their largest monthly decline since March 2020 and the outbreak of the health crisis. Both indices also showed declines of 0.5% and 2.3% over the third quarter as a whole. In Congress, both chambers managed to avoid a paralysis of federal administrations by passing in extremis a new finance law that extends the current budget until December 3. By a comfortable majority, American senators approved the temporary budget on Thursday morning, which was then adopted, shortly before Wall Street closed, by the House of Representatives. The text was signed into law by President Biden on Thursday evening. The adoption of this law prevented all federal service funding from being suddenly cut off on Friday and hundreds of thousands of employees ending up on technical unemployment

In China, financial markets are closed for the “golden week” corresponding to the national holiday, starting this Friday. Markets are also closed in Hong Kong for the day. In Tokyo, the Nikkei index lost 2.2%

The yield on the 10-year U.S. Treasury bond rose 0.085 percentage points in the third quarter to 1.528%, registering its largest increase since March in September, although Thursday's drop brought an end to a series of seven trading sessions. The return on the US benchmark bond increased thanks to portfolio adjustments after the Fed signalled that “tapering” would begin in the

The euro was stable against the dollar on Friday morning but lost some ground against the yen, like the greenback. Conditions are being put in place for the dollar to appreciate, while the Japanese and European currencies are expected to come under pressure, Bruce Clark, currency and rate analyst at IGM, told the Wall Street Journal

Oil contracts pull back on Friday morning. According to ANZ Research, the next meeting of the Organization of Petroleum Exporting Countries and its allies (Opep+) on Monday will be decisive for the direction of crude prices next week. At 7:30am, the December North Sea Brent contract lost 11 cents to $78.20 per barrel. The November contract for sweet light crude (WTI) listed on Nymex sold 12 cents at $74.91