The New York Stock Exchange (NYSE) in New York, United States.
Wall Street is expected to show slight downward or upward variations on Thursday, like the European stock markets at mid-session, investors having digested the first measures of Donald Trump, who is due to give a speech today in Davos. New York index futures suggest a mixed opening on Wall Street, with the Dow Jones up 0.10%, while the Standard & Poor's 500 declines 0.18% and the Nasdaq falls 0. .52%.
In Paris, the CAC 40 rose 0.43% to 7,870.76 points around 11:30 GMT. The Dax in Frankfurt strengthened by 0.3%, while the FTSE in London declined by 0.05%.
The pan-European FTSEurofirst 300 index gained 0.09%, the EuroStoxx 50 fell by 0.01% and the Stoxx 600 increased by 0.12%.
Donald Trump's first measures for his second term as President of the United States were digested by the markets which welcomed a more accommodating than expected first version of his trade policy although there still remains a lot of uncertainty regarding customs tariffs.
The 47th US president is due to speak at 1600 GMT at the World Economic Forum in Davos in his first major speech to political and business leaders around the world since taking office on Monday.
In addition to possible clarifications on customs policies, the American president could also discuss his geopolitical vision or the global agreement on corporate taxation which he has already denounced.
Investors will also scrutinize the figure for weekly unemployment claims before the opening of the session across the Atlantic while the American Federal Reserve (Fed) must make a monetary policy decision next week.
The optimism which lifted the stock indices on Wednesday after the solid results of Netflix and following the announcement of a massive private investment plan in infrastructure for artificial intelligence in the United States has also subsided. VALUES TO FOLLOW AT WALL STREET [L5N3OJ0JW]
SEMICONDUCTOR sector stocks are down Thursday ahead of the open after benefiting from a sharp rise in AI stocks on Wednesday, with South Korea's SK Hynix warning of a sharper drop in demand for basic memory chips.
MICRON TECHNOLOGY thus lost 3.6% before the opening and VanEck Semiconductor ETF 1.3%.
VALUES IN EUROPE Puma is falling sharply on Thursday after reporting sales lower than expectations for its fourth quarter and a decline in its annual profit. The German sports equipment manufacturer lost 18.61%.
Shares of European semiconductor manufacturers also fall after the warning from South Korean SK Hynix. ASML, ASMI, and BESI lost 3.62%, 2.45% and 3.02% respectively.
RATE
Yields vary little in the absence of major new data.
-The yield on the German ten-year rose by 1.7 basis points (bp) to 2.516%, that of the two-year rate rose by 1 bp to 2.245%.
The yield on the ten-year Treasury increased by 3.8 bps to 4.6375%, while the yield on the two-year security increased by 0.5 bps to 4.3018%.
CHANGES
The dollar is struggling to regain ground against other currencies in a context of trade uncertainty linked to Donald Trump's policies.
The dollar gained 0.06% against a basket of reference currencies, the euro rose by 0.04% to $1.0411 and the pound sterling strengthened by 0.04% to $1.2321.
OIL
The barrel is rather stable on Thursday with the uncertainties concerning the customs policy that Donald Trump wants to put in place and the consequences of the state of energy emergency decreed by the American president.
Brent rose by 0.19% to $79.15 per barrel, American light crude (West Texas Intermediate, WTI) rose by 0.20% to $75.58.
MAIN ECONOMIC INDICATORS ON THE AGENDA FOR THURSDAY, JANUARY 23:
COUNTRY GMT INDICATOR PERIOD PREVIOUS CONSENSUS
USA 1:30 p.m. weekly registrations at 220k 217k
unemployment January 13
(Written by Bertrand De Meyer, edited by Kate Entringer)
