MARKET POINT-Rise in sight in Europe before ending a turbulent week

(Updated with futures contract on the CAC 40, closing in Tokyo, opening of the bond market in Europe) * The main European indices expected to increase significantly * Hope for the gradual lifting of health restrictions in Shanghai * Wall Street finished above PARIS, May 13 (Reuters) – The main European stock markets are expected to rise on Friday at the start of the last session of a week marked by high volatility, between inflationary surges and fears of recession, two factors which continue to influence the trend on all the world markets. Index futures suggest a rise of 1.11% for the CAC 40 .FCHI in Paris, 0.53% for the Dax .GDAXI in Frankfurt, 0.83% for the FTSE 100 .FTSE in London and 0.72% for the EuroStoxx 50 .STOXX50E . This rebound could be based in particular on the announcement by the Shanghai authorities of the start of an easing of health restrictions in the coming days. nL5N2X5171 The broad European Stoxx 600 index .STOXX having lost 1.28% over the first four sessions of the week and the CAC 40 0.83%, this Friday’s session will decide whether they record another negative weekly performance (which would be the fifth in a row for the Stoxx 600 and the third for the CAC) or if they manage to end the week on a positive note. The fact that on Wall Street, the Standard & Poor’s 500 ended Thursday well above its session low, which marked its lowest level in almost 15 months, should support a renewed appetite for risk. . However, investors are very far from having relegated to the background concerns linked to the rise in interest rates and their impact on economic activity and on the results of listed companies, illustrated on Thursday by the unconvincing slowdown US producer prices, the contraction of British gross domestic product (GDP) in March and Nissan’s warning of stagnant profits this year. In an interview with Marketplace, Federal Reserve Chairman Jerome Powell, whose Senate on Thursday approved a reappointment as head of the central bank, said the fight against inflation would not be painless but leaving prices skidding would be even worse. The upcoming session will be animated, among other things, by the first estimate of the confidence index from the University of Michigan, which will give new indications on the impact of soaring prices on household morale in the United States. STOCKS TO FOLLOW: nL5N2X44EH ON WALL STREET The New York Stock Exchange ended a volatile session on Thursday, with investors still torn between the risks associated with inflation and the temptation to buy on the cheap. The Dow Jones Index .DJI fell 0.33%, or 103.81 points, to 31,730.30 and the Standard & Poor’s 500 .SPX lost 5.1 points (-0.13%) to 3,930.08 but the Nasdaq Composite .IXIC gained 6.73 points (+0.06%) to 11,370.96, despite the declines of heavyweights such as Apple AAPL.O (-2.69%) or Microsoft MSFT.O (-2% ). Futures on major New York indices signal an open up 0.67% for the Dow Jones .DJI , 0.79% for the Standard & Poor’s 500 .SPX and 1.19% for the Nasdaq .IXIC . IN ASIA On the Tokyo Stock Exchange, the Nikkei .N225 index ended up 2.64%, the positive closing of the Nasdaq favoring cheap purchases. This movement benefited among others SoftBank 9984.T, which rebounded 12.22% despite the announcement Thursday of unprecedented losses for its fund Vision Fund. Over the whole week, the Nikkei however lost 2.13%. In China, the Shanghai SSE Composite .SSEC rose 0.82% and the CSI 300 .CS300 0.66% thanks to the hope of an improvement in the health situation in Shanghai. EXCHANGES/RATES The dollar lost ground against a benchmark basket .DXY (-0.20%) after the nearly 1% jump recorded on Thursday, which took it to a new 20-year high. The euro thus rose to 1.0386 dollar EUR= while it had fallen the day before to 1.0352, its lowest level since January 2017. The yen, for its part, lost nearly 0.5% against the greenback but is heading for its first positive weekly performance after eight weeks of declines JPY= . In the bond market, the yield on ten-year Treasury bills rose to 2.884% after four consecutive sessions of decline and a decline of more than 30 basis points from its peak in Monday’s session at 3.203%. On the contrary, the ten-year German retreated in the first exchanges to 0.889% DE10YT=RR . OIL The oil market is up sharply but recovers only a small part of the ground lost in previous sessions and it is heading towards a negative weekly performance after two weeks of progress, a sign that fears for global demand are prevailing always on the risk linked to the sanctions against Russia. Brent gained 1.41% to $108.96 a barrel LCOc1 and US light crude (West Texas Intermediate, WTI) 1.16% to $107.36 CLc1. MAIN ECONOMIC INDICATORS ON THE AGENDA FOR MAY 13 COUNTRY GMT INDICATOR PERIOD PREVIOUS CONSENSUS FR 06:45 Inflation (final) April +0.5% +0.5%* – over one year +5.4% +5.4%* EZ 9 a.m. March industrial production -2.0% +0.7% – year on year -1.0% +2.0% USA 2 p.m. May confidence index 64.0 65.2 Michigan (1st estimate) *first LA estimate SITUATION ON THE MARKETS: (Some data may show a slight lag) ASIAN STOCK EXCHANGES Indices Last Var. Var. % YTD Nikkei-225 points 26427.65 +678.93 +2.64% -8.21% .N225 Topix 1864.20 +35.02 +1.91% -6.43% .TOPX Hong Kong 19862.59 +482.25 +2.49% -15.11% .HSI Taiwan 15,832.54 +215.86 +1.38% -13.10% .TWII Seoul 2,601.62 +51.54 +2.02% – 12.63% .KS11 Singapore 3202.64 +37.46 +1.18% +2.53% .STI Shanghai 3080.41 +25.42 +0.83% -15.37% .SSEC Sydney 7075.10 +134.10 +1.93% -4.96% .AXJO The close in Tokyo: .TFR WALL STREET The previous close: Indices Last Var. Var. % YTD points Dow Jones 31730.30 -103.81 -0.33% -12.68% .DJI S&P-500 3930.08 -5.10 -0.13% -17.54% .SPX Nasdaq 11370.96 +6.73 +0.06% -27.32% .IXIC Nasdaq 100 11945.50 -22.06 -0.18% -26.80% .NDX Detail of the session on Wall Street: .NFR “The Day Ahead” – Update on the next session on Wall Street DAY/US EUROPEAN MARKETS Futures on the CAC 40 0#FCE: and on the EuroStoxx50 0#STXE: Stocks to watch in Paris and Europe: WATCH/LFR previous session: Closing indices Var. Var. % YTD Eurofirst points 1663.83 -12.57 -0.75% -11.98% 300 .FTEU3 Eurostoxx 3613.43 -34.44 -0.94% -15.94% 50 .STOXX50E CAC 40 6206.26 -63.47 -1.01% -13.24% .FCHI Dax 30 13,739.64 -89.00 -0.64% -13.50% .GDAXI FTSE 7,233.34 -114.32 -1.56% -2.05% .FTSE SMI .SSMI 11506.13 -47.53 -0.41% -10.64% CHANGES % YTD Euro/Dlr 1.0386 1.0379 +0.07% -8.64% EUR= Dlr/Yen 128.71 128.32 +0.30% +11.86% JPY= Euro/Yen 133.71 133.19 +0.39% +2.60% EURJPY= Dlr/CHF 1.0027 1.0029 -0.02% +9.92% CHF= Euro/CHF 1.0417 1.0408 +0.09% +0.46% EURCHF= Stg/Dlr 1.2211 1.2199 +0.10% -9.74% GBP= Index $ 104.6430 104.8510 -0.20% +8.81% .DXY RATE Last Var. Spread/Bund (pts) Bund 10 years 0.8850 +0.0140 DE10YT=RR Bund 2 years 0.0840 +0.0210 DE2YT=RR OAT 10 years 1.4040 +0.0160 +51.90 FR10YT=RR Treasury 10 years 2.8840 +0.0670 US10YT=RR Treasury 2 years 2.5924 +0.0700 US2YT=RR OIL (Previous Price Var. Var.% YTD dollars) t Light Crude 107.39 106.13 +1.26 +1.19% +75.45% US CLc1 Brent 108.98 107.45 +1.53 +1.42% +65.05% LCOc1 (Written by Marc Angrand) ((Redaction of Paris; +33 1 49 49 50 00;)) ((Values ​​to follow on the Paris Stock Exchange and in Europe WATCH/LFR ))