Before the IFO and Lagarde (BCE) comments, European equity markets are expected to fall. The Eurostoxx 50 opens at 4,207.16 points (-0.13%), the CAC 40 at 7,184.82 points (-0.40%), the DAX 40 at 15,557.29 points (-0.09%), the FTSE 100 at 7,683.91 points (+0.07%), the SMI at 11,014.76 points (-0.63%), the AEX at 730.09 points (-0.063%), the AEX at 730.09 points (-0.07%), the SMI at 11,014.76 points (-0.63%), the AEX at 730.09 points (-0.063%) 0.22%), the BEL 20 at 3,634.80 points (-0.36%), the IBEX 35 at 9,502.00 points (-0.49%), the DJIA at 33,963.84 points (-0.31%), the Nasdaq at 13,211.81 points (-0.09%), the S&P 500 at 4,320.06 points (-0.23%), and the Nikkei 225 at 32.632 69,27 points (+0.82%)

With respect to exchange rates, the change from the close indicates that in New York, EUR/USD at 1.0651 (+0.05%), EUR/JPY at 157.99 (+0.06%), and USD/JPY at 148.34 (+0.02%).

On Sunday evening, investors will react to the announcements made by the President of the Republic on Monday. Thanks to the conversion of the country's last two power plants, Emmanuel Macron has in particular announced France's exit from coal by 2027, and invited distributors to sell gasoline at cost rather than at a loss. In addition, attention will remain focused on Stellantis after the announcement of an increase in the strike affecting the automotive sector in the United States

In Europe, European equity markets could open lower on Monday. Investors are reacting to the rise in bond market rates and waiting for the hearing of Christine Lagarde, the President of the European Central Bank (ECB), before the European Parliament. Data from the broker IG mentions that the contract on FTSE 100 gave up 25 points, or 0.3%, and the one on the DAX 40 gave up 25 points, or 0.2%. The CAC 40 futures contract lost 23 points, or 0.3%, at 7:25am.

Markets will also be following the IFO Business Climate Index in Germany in September, seeking guidance on the outlook for the largest eurozone economy, in a gloomy eurozone economic context. Wall Street finished in the red on Friday, still weighed down by announcements from the Federal Reserve (Fed), which remains committed to maintaining high rates to eradicate inflation. The Nasdaq Composite fell 0.1%, the expanded S&P 500 lost 0.2%, and the Dow Jones Index (DJIA) lost 0.3%. For its part, the DJIA experienced a weekly decline of 1.9%. The S&P 500 and Nasdaq indexes had their worst week since the March banking crisis, dropping 2.9%

The main Asian markets were trading in scattered order on Monday. At the end of the session, while the Nikkei index of the Tokyo Stock Exchange rose 0.8%, the Shanghai Composite index fell 0.4% and the Hang Seng dropped 1.2% in Hong Kong.

U.S. Treasury bond yields closed last week near their highest levels since the period 2006-2011. Operators have incorporated the fact that the Federal Reserve is expected to maintain high rates for an extended period of time.

This morning, the euro did not move much against the dollar, which could remain buoyed by expectations of continued rate hikes in the United States. CBA currency strategists believe the dollar is expected to appreciate this week due to the outperformance of the US economy, which is reflected in Treasury bond yields rising faster than other countries' sovereign debt rates. Last week, the greenback achieved its first “gold cross” since July 2021, which could mean that the US currency will continue to rise, a problem for equity markets.

Still buoyed by supply tensions, oil futures are rising this morning. According to Edward Moya, an analyst at Oanda, Russia's ban on fuel exports is the latest factor encouraging oil prices to rise. Russia decided last week to temporarily ban exports of gasoline and diesel outside of a few allied countries to ensure the availability of supplies for the annual wheat harvest in particular

Several analysts expect U.S. and international crude oil prices to reach or exceed $100 per barrel. Around 7:15 a.m., the November contract for sweet light crude (WTI) listed on Nymex took 38 cents, at $90.41 per barrel, while the November contract for North Sea Brent gained 50