(CercleFinance.com) – The Paris Stock Exchange should open sharply lower on Friday morning in the face of increasing geopolitical tensions and the rise in American rates, which suggests a weekend below the 8,000 point mark.
Around 8:15 a.m., the ‘future’ contract on the CAC 40 index – delivery at the end of April – fell by 60 points to 7964.5 points, meaning that the psychological threshold should be depressed from the opening.
After a complicated week, investors are still navigating and trying to digest the implications of the latest events in the Middle East.
Iran reportedly repelled a drone attack during the night in what appears to be a possible military response from Israel, raising fears of an escalation in the standoff that the two countries are now engaged in.
Faced with uncertainties linked to geopolitical tensions, market participants prefer to turn to assets deemed safer, such as the dollar.
Unsurprisingly, the oil market rebounded significantly, with developments in the Middle East fueling fears of a possible closure of the Strait of Hormuz and an American response.
Brent climbed 1.9% to $88.8 per barrel and American light crude (West Texas Intermediate, WTI) gained more than 2% to $84.4.
Added to this is a sharp increase in tension on the American bond market.
Yields on US Treasury bonds, which had fallen slightly in the middle of the week, are rising again with a ten-year yield rising to 4.65%, its highest level since November.
If the exchanges could remain sluggish in the absence of important economic indicators, the day will still be marked by publications in the United States, from American Express, Procter & Gamble and SLB.
Yesterday evening, Netflix revealed quarterly results in line with expectations, but the stock fell 5% in pre-stock market quotations after the announcement that it would no longer publish new subscriber figures in its quarterly accounts from 2025.
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