After the US debt deal, European equity markets are expected to rise slightly. The Eurostoxx 50 opens at 4,337.50 points (+1.59%), the CAC 40 at 7,319.18 points (+1.24%), the DAX 40 at 15,983.97 points (+1.20%), the FTSE 100 at 7,627.20 points (+0.74%), the SMI at 11,434.24 points (+0.96%), the AEX at 767.86 points (+1.68%), the BEL 20 at 3,652.16 points (+0.69%), the IBEX 35 at 9,191.10 points (+0.82%), the DJIA at 33,093.34 points (+1.00%), the Nasdaq at 12,975.69 points (+2.19%), the S&P 500 at 4,205.45 points (+1.30%), and the Nikkei 225 at 31.286,47 points (+1.20%

As for exchange rates, the change from the close mentions that in New York, EUR/USD is at 1.0737 (+0.07%), EUR/JPY at 150.75 (-0.09%), and USD/JPY at 140.41 (-0.17%).

On Friday evening, oil giant TotalEnergies announced that its American counterpart ConocoPhillips had notified it of exercising its pre-emptive right to acquire a 50% stake in the Surmont oil sands field, owned by TotalEnergies EP Canada (Tepca). The amount of the transaction could be around 3 billion euros. The shareholders and creditors of the Orpea nursing home and clinic group are convened on June 16 to vote on its accelerated safeguard plan. No economic indicators are to be published on this holiday in France. And no events are planned for the business sector either.

Yesterday evening, US President Joe Biden and Speaker of the House of Representatives Kevin McCarthy announced that they had completed the final points of their agreement to raise the US debt ceiling. This is before a vote on this compromise in Congress, which could take place as early as Wednesday in the House of Representatives. The White House and Republican negotiators in the House of Representatives reached an agreement in principle on Saturday to raise the debt ceiling for two years and to cut public spending

While investors were confident in the chances of a resolution to the debt crisis, the New York Stock Exchange closed sharply higher on Friday in the wake of technology stocks. According to the PCE index, the announcement of an acceleration in prices in the United States in April did not disturb this trend. The Nasdaq rose by 2.5% thanks to investors' appetite for artificial intelligence technologies over the whole week. The DJIA fell by 1% and the S&P rose

On Friday, the market also benefited from strong U.S. consumer spending in April (+0.8%) and a falling but higher than expected index of household confidence at the University of Michigan. Asian markets showed mixed performance on Monday. While the Hang Seng lost 0.3% in Hong Kong and the Shanghai Composite gained 0.4%, the Nikkei index gained 1.2% at the end of trading on the Tokyo Stock Exchange.

Due to the Memorial Day holiday, the US bond market is closed on Monday. After the announcement of an acceleration of inflation in the United States in April, the two-year US Treasury bond rate rose for the twelfth session in a row on Friday. This makes it more likely that the Federal Reserve will raise interest rates again in June. The 10-year bond rate fell 2 basis points to 3.806% and the rate on the two-year Treasury bond increased by 2 basis points to 4.564%

This morning, the euro rose slightly against the dollar. But, losing a bit of ground against the yen. On the other hand, the greenback is falling against the Japanese currency. According to MUFG Bank, volatility could reign in the coming days on the foreign exchange market, while Congress could vote as early as Wednesday on the agreement to raise the US debt ceiling, which some elected officials have said they are opposed to.

Oil futures are rising this morning. According to ANZ, fears of a US default and concerns about the US economy have subsided after the debt ceiling agreement. ANZ believes that Russian comments on potential cooperation with other major oil producers at a meeting scheduled for this week should also alleviate concerns about the offer. The July contract on WTI listed on Nymex earned 60 cents at $73.27 per barrel, while the similar contract on Brent rose 54 cents to $77.49 per barrel at