While waiting for the week's major indicators, European stock markets may hesitate. The Eurostoxx 50 opens at 4,354.41 points (-0.40%), the CAC 40 at 7,265.49 points (-0.37%), the DAX 40 at 15,966.37 points (-0.39%), the FTSE 100 at 7,460.70 points (-0.37%), the SMI at 10,821.06 points (-0.54%), the AEX at 764.22 points (-0.19%), the BEL 20 at 3,560.24 points (-0.49%), the IBEX 35 at 9,936.10 points (-0.03%), the DJIA at 35.333.47 points (-0.16%), the Nasdaq at 14,241.02 points (-0.07%), the S&P 500 at 4,550.43 points (-0.20%), and the Nikkei 225 to 33.47 points 408,39 points (-0.12%

With regard to exchange rates, the change compared to the close indicates that in New York, the EUR/USD was at 1.0954 (0.00%), the EUR/JPY at 162.41 (-0.28%), and the USD/JPY at 148.32 (-0.25%).

Investors will follow household confidence figures in November today. The financial rating agency S&P Global Ratings downgraded Atos's credit rating from “BB” to “BB-”; it believes that the liquidity risk of the digital services group was increasing. S&P has also left Atos's credit rating under scrutiny with negative implications, meaning it could lower it again if the group fails to refinance

This morning, European equity markets may open on a hesitant note, Europeans may open on a hesitant note Tuesday morning, while investors expect a series of major economic indicators this week, including the price index at consumption in the eurozone and the PCE index, the Federal Reserve's (Fed) preferred inflation indicator, in the United States. Europeans may open on a hesitant note on Tuesday morning, while investors expect a series of major economic indicators this week, including the eurozone consumer price index and the PCE index, the Federal Reserve's (Fed) favorite inflation indicator, in the United States.

The second estimate of the United States gross domestic product (GDP) and the Fed's Beige Book, a preparatory document for the next meeting of the monetary policy committee, are expected on Wednesday. The Chinese central bank estimated overnight from Monday to Tuesday that economic growth should reach its target of 5% this year and called for a transformation of the economy as the debt-based growth model became less effective. Asian markets retreated on Tuesday. The Shanghai Composite Index lost 0.1% at the end of the session and the Hang Seng on the Hong Kong Stock Exchange fell by 1.1%. In Tokyo, the Nikkei index dropped 0.1%

Wall Street finished slightly lower on Monday. The Dow Jones Index (DJIA) lost 0.2%, as did the expanded S&P 500, and the Nasdaq Composite lost 0.1%. U.S. stocks are likely to continue to rise next year and S&P 500 companies should adapt better to the high-rate environment than smaller companies. The S&P 500 SPX Index, which tracks US large caps, grew much more strongly in 2023 than the Russell 2000 small-cap index. The S&P 500 will end the year 2024 at 5,000 points, which represents an increase of around 10% compared to the index's closing level on Monday, at 4,550.43 points according to the BofA.


This morning, US Treasury bond yields are rising, but some analysts think the market may be going wild. Doug Peta of BCA Research said he was not convinced that the rise in Treasury bond prices would continue. According to the latter, the market should end up adopting a more mixed view of expected Fed rate cuts. Doug Peta said that the 10-year benchmark has peaked at 5% but will remain above 4%, as has been the case since July. He believes that the ten-year benchmark has reached a peak of 5% but that it will remain above 4%, as has been the case since July.

This morning, the euro fell slightly against the dollar. According to Chris Turner, a currency analyst at ING, the single currency could encounter difficulties in appreciating. Provisional data on consumer prices in the eurozone in November, expected on Thursday, should highlight a further slowdown in overall inflation and core inflation over a year.

As traders await the meeting of OPEC+, a group bringing together the Organization of Petroleum Exporting Countries (OPEC) and ten allied countries led by Russia, on Thursday, oil futures are trading close to balance this morning. Fawad Razaqzada, a market analyst at City Index, FOREX.com said that market players seem to think that OPEC+ will continue its production cuts in 2024, given the rise in prices compared to the lows reached on Monday.

According to the analyst, Saudi Arabia should continue its voluntary production cut of 1 million barrels per day next year and Russia should continue to cut production at least in the first quarter. OPEC+ is due to make a decision on member states' production quotas on Thursday at the end of a videoconference, four days later than initially planned. A meeting of the organization's ministers, scheduled for last Sunday, has been cancelled.
At around 7:20 a.m., the January contract for light sweet crude (WTI) listed on Nymex fetched 6 cents, at $74.92 per barrel, and the similarly mature North Sea Brent contract earned 8 cents, at $80.06