Vincent AZOMAHOU

European equity markets expected to rise, monitoring the situation in Russia. The Eurostoxx 50 opens at 4,271.61 points (-0.76%), the CAC 40 at 7,163.42 points (-0.55%), the DAX 40 at 15,829.94 points (-0.99%), the FTSE 100 at 7,461.87 points (-0.54%), the SMI at 11,221.22 points (+0.34%), the AEX at 756.60 points (-0.54%), the SMI at 11,221.22 points (+0.34%), the AEX at 756.60 points (-0.54%), the SMI at 11,221.22 points (+0.34%), the AEX at 756.60 points (-0.54%) 34%), the BEL 20 at 3,523.37 points (-0.69%), the IBEX 35 at 9,265.80 points (-1.06%) and the Nikkei 225 at

On the exchange side, the change compared to the close in New York, EUR/USD at 1,0902 (+0.06%), EUR/JPY at 156.32 (-0.17%), and USD/JPY at 143.38 (-0.25%).

The reinsurer Scor announced on Sunday the appointment of Fabrice Bregier as non-executive chairman of its board of directors, replacing Denis Kessler, who died on June 9, 2018. The pharmaceutical company Sanofi, for its part, on Sunday unveiled positive data concerning its Altuviio treatment for hemophilia A. “The data from the study confirm the efficacy and safety profile of Altuviio, in adults and children, at a single weekly dose,” the French group said in a

Casino announced on Friday that it had sold all of its remaining stake in the Brazilian retailer Assai, representing 11.7% of the capital, for around 2.1 billion reals (404 million euros) before taxes. Net income after fees and taxes is estimated at 326 million euros, the French group said in a statement. The Pernod Ricard wine and spirits group, for its part, announced on Friday the signing of a memorandum of understanding concerning the sale of its Scotch whisky brand Clan Campbell to its counterpart Stock Spirits Group. Pernod Ricard indicated that it had received a firm offer, but did not disclose the financial conditions

No economic indicators are to be published on Monday in France.

European equity index futures rose slightly on Monday, after the short-lived Wagner Group mutiny in Russia. Investors should be alert to the aftermath of this weekend's events in the country. Around 7:20 a.m., the CAC 40 futures contract gained 10.7 points, or 0.2%, according to data from broker IG. The contract on the DAX 40 took 25.5 points, or 0.2%, and the one on the FTSE 100 gave up 3.9

According to Greg Bassuk of AXS Investment, further unrest “could cause a spike in market volatility due to its impact on the war in Ukraine, a shift in the balance within the G8 superpowers, and the already increasing possibility of a recession in the United States and around the world.” However, the rapid end of the rebellion could make it a “non-event” for financial markets when trading resumes, says Marc Chandler of Bannockburn

The New York Stock Exchange closed in the red on Friday as investors feared that the latest interest rate hikes by major central banks, especially in Europe, could cause a global recession. With a weekly fall of 1.4%, the S&P 500 and the Nasdaq Composite ended the June rally and had their worst week since Silicon Valley Bank failed in March. The DJIA, for its part, gave up 0.6% this week, its biggest fall in just over a month. In Asia, Asian equity markets fell on Monday. The Nikkei index on the Tokyo Stock Exchange lost 0.2% at the end of the session, while the Hang Seng fell 0.3% in Hong Kong. The Shanghai Composite lost 0.9% after a long weekend

U.S. Treasury yields fell slightly on Monday. They fell back on Friday following a series of interest rate hikes by central banks around the world that made investors reluctant to take risks. Around 7:20am, the rate on the 10-year US Treasury bond declined 2 basis points, to 3.722%. The 2-year title also lost 2 basis points, to 4.733%

The euro rose slightly against the dollar on Monday morning but lost ground against the yen, like the greenback. According to CBA, the dollar is likely to appreciate further because the deterioration of the global economic outlook should encourage investors to give priority to the security of the greenback. Political instability in Russia could also work in favor of the dollar, the bank adds.

Oil futures were stable on Monday morning, after losing ground last week. At 7:10 a.m., the August North Sea Brent contract was gaining 20 cents, at $74.05 per barrel, and the contract with the same maturity on Nymex-traded soft light crude (WTI) rose 14 cents, at $69.30 per