Avant les indices Manufacturing PMIs, European equity markets should hesitate. L' Eurostoxx 50 opens at 4,471.31 points (+0.11%), the CAC 40 at 7,497.78 points (+0.29%), the DAX 40 at 16,446.83 points (-0.14%), the FTSE 100 at 7,699.41 points (+0.07%), the SMI at 11,309.25 points (-0.08%), the AEX at 792.00 points (-0.07%), the SMI at 11,309.25 points (-0.08%), the AEX at 792.00 points (-0.07%) ,29%), the BEL 20 at 3,776.61 points (-0.31%), l& rsquo; IBEX 35 at 9,641.50 points (-0.45%), the DJIA at 35.559.53 points (+0.28%), the Nasdaq at 14,346.02 points (+0.21%), the S&P 500 at 4,588.96 points (+0.15%), and the Nikkei 225 at 33,443.08 points (+0.82%)

With respect to exchange rates, the change compared to the close mentions that in New York, the EUR/USD was at 1.0989 (-0.09%), the EUR/JPY at 156.86 (+0.26%), and the USD/JPY at 142.76 (+0.34%).

Investors will follow the final figures of the French manufacturing PMI index today. S&P Global and Hamburg Commercial Bank (HCOB) released preliminary data on July 24. These data show a new contraction in the sector's activity, with the index at 44.5 in July after 46 in June. Below 50, the index reflects a drop in activity. Euroapi and Klépierre publish their half-year results in the business sector.

At the opening on Tuesday, European equity markets are expected to change little after the publication of a new unfavorable economic indicator in China. In addition, investors are waiting for the manufacturing sector PMI indices in the euro zone and the United States, as well as a new series of corporate results. According to data from the broker IG, the FTSE 100 picked up 2 points, or 0.03%, the futures contract on the CAC 40 lost 4 points, or 0.05%, and the one on DAX 40 lost 11 points, or 0.07%, at 7:30.

In Asia, the main Asian markets are evolving in scattered order today. The Hang Seng on the Hong Kong Stock Exchange fell 0.4%, the Shanghai Composite Index lost 0.1% at the end of the session. On the other hand, the Nikkei index on the Tokyo Stock Exchange rose by 0.8%.

As far as businesses are concerned, the earnings season continues today with the British groups HSBC and BP, the American pharmaceutical laboratories Merck and Pfizer, the VTC group Uber Technologies and the construction and mining equipment specialist Caterpillar.

In addition, Wall Street closed slightly higher yesterday. He continued on his momentum from last week while waiting for the end of the results season in the United States. The Nasdaq Composite finished 0.2% higher on Monday, and ended July in the green for the fifth consecutive month. The Dow Jones Index (DJIA) gained 0.2%, as did the broader S&P 500 index, which achieved its fifth consecutive month of growth in July. The S&P 500 gained 3%, the DJIA gained 4.8%, and the Nasdaq gained 2.2% in July. Since the start of the year, the S&P 500 has gained nearly 20%

Yesterday, US Treasury bond yields declined. Investors hope that the Fed will end its cycle of monetary tightening soon. The benchmark 10-year bond rate rose throughout July for the third consecutive month. In the United States, the week promises to be busy with economic indicators.

In addition, a Fed investigation on Monday revealed that banks have tightened lending conditions and plan to continue doing so in the coming months. CME's FedWatch tool estimates that markets estimate the probability that the central bank will leave rates unchanged in the range of 5.25% to 5.5% on September 20 at 80.5%

The euro fell slightly against the dollar this morning. For Philip Wee, currency strategist at DBS Group Research, traders are waiting for the publication of the ISM manufacturing index in the United States. According to the latter, they are waiting for a possible improvement in the components of employment and the prices paid

This morning, oil futures are falling. Soft light crude (WTI) traded on Nymex, the benchmark contract in the United States, registered its largest monthly increase since January 2022 and North Sea Brent, the global benchmark, saw its largest monthly increase since May 2022 over the entire past month. For Robbie Fraser, director of global research and analysis at Schneider Electric, “as the whole world continues to look to the United States to offset some of the production cuts in Russia and Saudi Arabia, the platforms' activity suggests that American producers are in no hurry to fill the gap, which should result in a short-term under-supply situation.” The October WTI contract sold 27 cents, at $81.53 a barrel, and the one with the same maturity as Brent lost 31 cents, at $85.12 a barrel around 7:20 a.m