European equity markets expected higher after Wall Street rally. The Eurostoxx 50 is displayed at 3,829.29 points (-3.63%), the CAC 40 at 6,521.05 points (-3.83%), the DAX 40 at 14,052.10 points (-3.96% ), the FTSE 100 at 7,207.01 points (-3.88%), the SMI at 11,636.76 points (-2.56%), the AEX at 708.55 points (-2.66%), the BEL 20 at 3,898.38 points (-1.88%), IBEX 35 at 8,198.50 points (-2.86%), DJIA at 33,223.83 points (+0.28%), Nasdaq at 13,473.59 points (+3.34%), the S&P 500 at 4,288.70 points (+1.50%) and the Nikkei 225 at 26,476.50 points (+1.95%).

Regarding exchange rates, the change from the close in New York indicates that EUR/USD at 1.1220 opens at (+0.22%), EUR/JPY at 129, 28 (-0.05%) and USD/JPY at 115.23 (-0.27%).

On the macroeconomic side, statistics on household consumption and producer prices in January, as well as provisional data on consumer prices for the month of February will be released at 8:45 a.m., as will detailed figures for gross domestic product. of the fourth quarter. Economists polled by the Wall Street Journal expect a 1% decline in household consumption of goods in January, both compared to December and over one year. They forecast a rise in consumer prices of 3.3% year on year in February, after inflation of 2.9% in January.

Futures contracts on European equity indices are up sharply on Friday morning, in the wake of the positive closing on Wall Street in reaction to a new round of sanctions against Moscow after the Russian offensive in Ukraine. Around 7:30 a.m., the CAC 40 futures contract gained 139.2 points, or 2.1%, according to data from broker IG Markets. The contract on the DAX 40 progressed by 285.5 points, or 2%, and that on the FTSE 100 won 88.3 points, or 1.2%. Wall Street closed higher Thursday in reaction to the announcement of new sanctions against Russia, whose missiles and airstrikes hit several cities in Ukraine.

Joe Biden also announced that the United States would draw on its strategic oil reserves to limit the rise in prices and reduce Americans' fuel bills. The Dow Jones index (DJIA), which had lost more than 2% at the start of the session, finally ended Thursday with a gain of 0.3%, at 33,223.83 points. The broader S&P 500 index for its part took 1.5%, to 4,288.69 points and the Nasdaq Composite gained 3.3%, while the two indices had started the session down sharply. In Asia, the main markets evolved in a contrasting way on Friday. The Nikkei index closed up 2% in Tokyo. At the end of the session, the Hang Seng index of the Hong Kong Stock Exchange lost 0.5%, while the Shanghai Composite gained 0.4%.

Yields on US Treasury bonds fell on Thursday as investors sought safe-haven assets after Russia's attack on Ukraine. The ten-year bond rate, the market benchmark, closed Thursday at 1.971%, against 1.997% on Wednesday. Friday around 7 a.m., it stood at 1.964%.

The euro appreciated on Friday morning against the dollar and gave up some ground against the yen. The greenback is down against the Japanese currency. Most Asian currencies rallied against the dollar, supported by renewed risk appetite after Wall Street's rise overnight and by the rise in most Asian stocks on Friday morning.

Oil prices are moving higher on Friday morning, with prices still buoyed by the Russian invasion of Ukraine, as the market already faces limited supply and buoyant demand, ANZ said. Developments in Ukraine following Russia's offensive will continue to be watched very closely by the market. At 7:15 a.m., the April contract on Brent North Sea crude was up $2, at $101.1 a barrel, while the contract for the same expiry on light sweet crude WTI) quoted on the Nymex took $1.69, at $94.49 a barrel.