At the opening, European equity markets are expected to decline slightly. The Eurostoxx 50 opens at 4.321.33 points (-1.43%), the CAC 40 at 7,340.19 points (-1.26%), the DAX 40 at 15,832.17 points (-1.03%), the FTSE 100 at 7,524.16 points (-1.24%), the SMI at 15.832.17 points (-1.03%), the FTSE 100 at 7,524.16 points (-1.24%), the SMI at 11,081.63 points (-0.61%), the AEX at 765.16 points (-1.62%), the BEL 20 at 3,684.94 points (-0.91%), the IBEX 35 at 9,434.30 points (-0.71%), the DJIA at 35,281.40 points (+0.30%), the Nasdaq & agrave; 13,644.85 points (-0.68%), the S&P 500 at 4,464.05 points (-0.11%), the Nikkei 225 at 32.473.65 points (+0.8%

As far as exchange rates are concerned, the change from the close indicates that at the close in New York, the EUR/USD was at 1.0935 (-0.12%), the EUR/JPY at 158.45 (-0.13%), and the USD/JPY at 144.92 (-0.01%).

The business agenda is empty and no economic indicators should be published today in France.

At the opening today, European equity markets may decline. Concerns about inflation are resurfacing. Data from broker IG mentions that the futures contract on the CAC 40 fell 24.5 points, or 0.4%, at 7:35am and that on the FTSE 100 fell by 14.8 points, or 0.2%. The DAX 40 contract lost 42.5 points, or 0.3%. The S&P 500 and the Nasdaq Composite fell for the second week in a row, while on the New York Stock Exchange, the Dow Jones Index finished slightly higher on Friday and throughout the

Over the whole of last week, the DJIA closed 0.3% and added 0.6%. This week, the S&P 500 fell 0.3%, falling 0.1% on Friday. After dropping 0.7% at the end of last week, the Nasdaq for its part fell by 1.9% weekly. The US Department of Labor announced on Friday that the US producer price index rose 0.3% month on month in July, after remaining stable in June. Economists, for their part, expected an increase of only 0.2%. According to the University of Michigan survey, American household confidence also declined somewhat in early August, but remains close to its July level

This morning, US Treasury bond yields continued to rise, supported by Friday's announcement of a sharper than expected acceleration in the US producer price index for the month of July. Oanda believes that “a slightly higher than expected producer price ratio has boosted Treasury yields because Wall Street has begun to worry about a potential return to inflation.” For the latter, “it is easy to find arguments in favour of restrictive measures by the Fed insofar as we still expect a rise in wages as a result of social conflicts, an increase in energy prices and a gradual weakening of the labor market

The rate on the 2-year U.S. Treasury stock rose about 2 basis points, to 4.910%, and that on the 10-year stock rose 2 basis points, to 4.114%, around 7:20 a.m.

While the greenback is stable against the Japanese currency, the euro is losing ground this morning against the dollar and the yen. For Michael Wan, currency analyst at MUFG Bank, the market should remain focused on the inflation risks caused by rising oil and other commodity prices in the immediate future. Karl Schamotta, chief strategist at Corpay, for his part, believes that the rebound in US producer prices last month “makes it more likely that Federal Reserve officials will maintain a restrictive position, even if other indicators suggest that inflationary pressures are

Crude oil futures fell this morning. They reflect a probable technical correction after progressing for seven weeks in a row. For some analysts, oil prices could be supported by reduced supply. Analysts at ANZ Research, the International Energy Agency (IEA) warned on Friday that crude demand reached a record high in June and could rise further due to Chinese consumption

The IEA said in its monthly report, the IEA indicated that supply would fall further in the fall, due to restrictions decided by Saudi Arabia and Russia. The September contract on soft light crude (WTI) traded on Nymex also lost 86 cents, at $82.33 per barrel, and the October contract on North Sea Brent fell 87 cents, to $85.94 a barrel, at