On the first day of the Paris Air Show, European stock markets are expected to fall. The Eurostoxx 50 opens at 4,394.82 points (+0.68%), the CAC 40 at 7,388.65 points (+1.34%), the DAX 40 at 16,357.63 points (+0.41%), the FTSE 100 at 7,642.72 points (+0.19%), the SMI at 11,386.26 points (+0.74%), the AEX at 772.72 points (+0.19%), the SMI at 11,386.26 points (+0.74%), the AEX at 772.72 points (+0.19%), the SMI at 11,386.26 points (+0.74%), the AEX at 772.72 points (+0.19%), the SMI at 11,386.26 points (+0.74%). 0.01%), the BEL 20 at 3,658.43 points (0.00%), the IBEX 35 at 9,495.00 points (+0.68%), the DJIA at 34,299.12 points (-0.32%), the Nasdaq at 13,689.57 points (-0.68%), the S&P 500 at 4,409.59 points (-0.37%), and the Nikkei 225 at 33.307, 10 points (-1.18%

As for exchange rates, the change from the close mentions that in New York, EUR/USD is at 1.0933 (-0.11%), EUR/JPY at 154.76 (-0.33%), and USD/JPY at 141.56 (-0.22%).

The aviation sector will be in the spotlight in France, as the Paris Air Show opens its doors this Monday. On Friday evening, the pharmaceutical industry supplier Sartorius Stedim Biotech announced that it was lowering its financial forecasts for the 2023 financial year. He anticipates weaker-than-expected demand in the second half of the year. In a press release, the group specializing in the production of pharmaceutical equipment and laboratory equipment said it expects its turnover to fall in 2023 “by a percentage between the bottom and the middle of the tens range.”

According to data from the IG broker, the FTSE 100 contract lost 33 points, or 0.4%, the DAX 40 contract gave up 110 points, or 0.7%. While the CAC 40 futures contract lost 42 points, or 0.6%, at 7:30am. Trading volumes may be restricted on Monday as US markets are closed for a holiday.

Anthony Blinken began a meeting with Chinese Foreign Minister Wang Yi on Monday and may meet President Xi Jinping on the last day of his visit to China. The latter met with Qin Gang, the Chinese foreign minister, for more than seven hours on Sunday. The two leaders agreed to work together on increasing the number of air connections between the United States and China, according to a State Department official.

Asian stock markets fell on Monday. At the end of the session, the Chinese Shanghai Composite Index lost 0.6%. The Hang Seng dropped 1.5% in Hong Kong, while in Tokyo, the Nikkei index fell 1.2%. Wall Street ended lower in the United States on Friday, but rose throughout the week, encouraged by hopes for disinflation and the good resilience of the economy. The Dow Jones Index (DJIA) closed down 0.3%, the broader S&P 500 index dropped 0.4% and the Nasdaq, rich in technology stocks, fell 0.7%. Investors are watching the opening of the Paris Air Show, which is being held for the first time in four years in Europe

After two members of the Fed said that additional rate hikes would be needed to curb inflation, US Treasury bond yields rose on Friday. Investors seemed doubtful that the Fed would be able to make two more interest rate hikes in 2023 before Friday, as central bankers predicted

This morning, the euro fell against the dollar. RBC Capital Markets estimates that trading on the foreign exchange markets may be restricted on Monday due to the holiday in the United States. The main macroeconomic event will be the hearing of Fed Chairman Jerome Powell before Congress on Wednesday

After reaching their highest level in more than a week on Friday, oil futures fell this morning due to a probable technical correction. Edward Moya, a market analyst at Oanda, believes that the fundamental short-term outlook for oil seems to have improved, with diesel prices rising in Europe and large volumes of crude being imported by China. According to the analyst, oil imports from China are expected to increase once the stimulus measures start to take effect. The August Brent contract lost $1.02 to $75.59 per barrel, while the July contract for light sweet crude (WTI) traded on Nymex lost 96 cents, at $70.82 per barrel, around 7:20 a.m