MARKET POINT-European equities should attempt a rebound (updated)

(Updated with CAC 40 futures contract, closing in Tokyo, opening of the bond market in Europe) * European indices expected to rise * Wall Street “futures” in the green * But weekly performances will be clearly negative * The BoJ leaves its monetary policy unchanged PARIS, June 17 (Reuters) – The main European stock markets are expected to rise on Friday after the heavy losses caused the day before by the resurgence of fears of recession in the United States and Europe but despite this rebound , they are heading for one of their worst weekly performances in more than two years. Index futures suggest a rise of 0.62% for the CAC 40 .FCHI in Paris, 0.21% for the Dax .GDAXI in Frankfurt, 0.16% for the FTSE 100 .FTSE in London and 0.41% for the EuroStoxx 50 .STOXX50E . The Paris index fell 2.39% on Thursday and ended below 5,900 points for the first time since March 2021, bringing its decline to more than 20% from its closing peak on January 5. It is currently down 4.87% over the week. The broad European Stoxx 600 index .STOXX ended Thursday at its lowest since February 2021 after falling 4.49% in four sessions. The rate hikes announced successively since Wednesday by the US Federal Reserve, the Bank of England and especially the Swiss National Bank (SNB) have brought the risk of recession to the forefront of investors’ concerns, as it implies threats to the outlook. of results and the valuation of listed companies all over the world. The MSCI World Index .MIWD0000PUS is down 5.7% since the start of the week, its worst performance since March 2020. adding to the already tense inflationary backdrop,” said Vincent Mortier, Amundi’s Chief Investment Officer. “The ongoing repricing is erasing most of the overvaluation from the market, but current levels are vulnerable to any deterioration in company fundamentals.” STOCKS TO WATCH: nL8N2Y33V2 ON WALL STREET The New York Stock Exchange ended down sharply again on Thursday, also swept away by fears of recession: the Dow Jones index .DJI fell 2.42%, or 741.46 points, to 29,927.07, the Standard & Poor’s 500 lost 123.22 points (-3.25%) to 3,666.77 and the Nasdaq Composite .IXIC fell 453.06 points (-4.08%) to 10,646.10. The announcement of a stronger drop than expected in housing starts and building permits in the United States only added to the concerns of investors after the statements of the Fed. The eleven major sector indices of the S&P-500 ended in the red, that of energy .SPNY falling by 5.58% and that of unconstrained consumption .SPLRCD by 4.76%. Futures so far suggest a 0.7% to 1% rally at the open. IN ASIA On the Tokyo Stock Exchange, the Nikkei .N225 index fell 1.77% and ended below 26,000 points for the first time since May 12. It fell 6.69% over the whole week, its worst weekly performance since April 2020. In China, the Shanghai SSE Composite .SSEC gained 0.6% and the CSI 300 .CS300 1.04% , the trend remaining supported by the hope of new stimulus measures. EXCHANGES/RATES The dollar rebounded 0.66% against other major currencies .DXY after falling 1.45% on Thursday in response to Fed announcements and US indicators of the day. The euro (-0.34%) thus returned to 1.0511 dollars after rising the day before to 1.0601. The yen lost 1.33% against the greenback and 1.01% against the single European currency after the Bank of Japan’s unsurprising status quo. nL8N2Y343X In the bond market, the ten-year US Treasury yield US10YT=RR at 3.2464% was virtually unchanged after falling nearly ten basis points on Thursday. In Europe, the ten-year German DE10YT=RR fell back to 1.683% in the very first exchanges, but French and Italian yields fell more sharply. FR10YT=RR IT10YT=RR OIL Fear of a deterioration in demand continues to weigh on the oil market even if the announcement by the United States of new sanctions targeting the Iranian petrochemical sector limits the decline. Brent fell 0.32% to $119.43 a barrel LCOc1 and US light crude (West Texas Intermediate, WTI) fell 0.36% to $117.17 CLc1. At this point, Brent is heading for its first negative weekly performance in five weeks and WTI for the first in eight weeks. MAIN ECONOMIC INDICATORS ON THE AGENDA FOR JUNE 17: COUNTRY GMT INDICATOR PERIOD PREVIOUS CONSENSUS EZ 09:00 Inflation (final) May +0.8% +0.6% – year on year +8.1% +8.1% USA 1:15 p.m. Industrial production May +0.4% +1.1% MARKET SITUATION: (Some data may show a slight lag) ASIAN STOCK EXCHANGES Indices Last Var. Var. % YTD Nikkei-225 points 25963.0 -468.20 -1.77% -9.82% .N225 0 Topix 1835.90 -31.91 -1.71% -7.85% .TOPX Hong Kong 21005, 3 +159.91 +0.77% -10.22% .HSI 4 Taiwan 15641.2 -197.35 -1.25% -14.15% .TWII 6 Seoul 2433.92 -17.49 -0, 71% -18.26% .KS11 Singapore 3079.68 -17.75 -0.57% -1.41% .STI Shanghai 3302.78 +17.39 +0.53% -9.26% .SSEC Sydney 6474.80 -116.30 -1.76% -13.03% .AXJO The close in Tokyo: .TFR WALL STREET The previous close: Indices Last Var. Var. % YTD points Dow Jones 29927.0 -741.46 -2.42% -17.64% .DJI 7 S&P-500 3666.77 -123.22 -3.25% -23.07% .SPX Nasdaq 10646, 1 -453.06 -4.08% -31.95% .IXIC 0 Nasdaq 100 11127.5 -466.20 -4.02% -31.82% .NDX 7 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 The previous session: Closing indices Var. Var. % YTD Eurofirst points 1585.03 -37.92 -2.34% -16.15% 300 .FTEU3 Eurostoxx 3427.91 -104.41 -2.96% -20.25% 50
<.STOXX50E >
CAC 40 5,886.24 -143.89 -2.39% -17.71% .FCHI Dax 30 13,038.4 -446.80 -3.31% -17.92% .GDAXI 9 FTSE 7,044.98 -228, 43 -3.14% -4.60% .FTSE SMI 10475.3 -308.22 -2.86% -18.64% .SSMI 7 CHANGES Price Watch Var. % YTD Euro/Dlr 1.0511 1.0547 -0.34% -7.54% EUR= Dlr/Yen 133.98 132.20 +1.35% +16.44% JPY= Euro/Yen 140.85 139.42 +1.03% +8.08% EURJPY= Dlr/CHF 0.9694 0.9666 +0.29% +6.27% CHF= Euro/CHF 1.0188 1.0194 -0.06% -1.74% EURCHF= Stg/Dlr 1.2285 1.2351 -0.53% -9.20% GBP= Index $ 104.326 103.631 +0.67% +8.48% .DXY 0 0 RATE Last Var. Spread/Bund (pts) Bund 10 years 1.6830 -0.0130 DE10YT=RR Bund 2 years 1.1290 -0.0140 DE2YT=RR OAT 10 years 2.2300 -0.0320 +54.70

10-year Treasury 3.2483 -0.0570 US10YT=RR 2-year Treasury 3.1596 +0.0020 US2YT=RR OIL (Previous Price Var. % YTD dollars) nt Light Crude 117.06 117.59 -0, 53 -0.45% +91.24% US CLc1 Brent 119.29 119.81 -0.52 -0.43% +80.66% LCOc1 (Written by Marc Angrand, with Tom Westbrook in Singapore) ((Writing de Paris; +33 1 49 49 50 00;)) ((Values ​​to follow on the Paris Stock Exchange and in Europe WATCH/LFR ))