At the start of a week that will be marked by the release of the U.S. employment report in November. At the start of a week that will be marked by the publication of the US employment report in November, European equity markets are expected to change little on Monday. The DAX 40 contract gained 32.4 points, or 0.2%, and the FTSE 100 contract lost 9 points, or 0.1%. At 7:35 a.m., the CAC 40 futures contract gained 2.4 points, or 0.03%, according to data from the broker IG.

Wall Street continued to grow on Friday thanks to a further easing in bond yields. The expanded S&P 500 index advanced by 0.6% and reached a record high since March 2022, at 4,594.63 points. The Dow Jones (DJIA) gained 0.8% to reach its highest level since January 2022, at 36,245.50 points. The Nasdaq Composite, rich in technology stocks, gained 0.6%, at 14,305.03 points. After registering its best one-month performance in more than a year in November, the Dow Jones Index now shows an increase of nearly 9.4% since the beginning of the year. The fall in bond market rates is helping to support equity markets

Jeffrey Roach, chief economist at LPL Financial, said that markets interpreted these comments as “leaning on the accommodative side.” For the latter, a few weeks ago, Jerome Powell declared that monetary policy was restrictive, but today, he believes that it is “clearly in restrictive territory.” I think it's reasonable for markets to cling to this subtlety. Scott Anderson, chief U.S. economist at BMO Capital Markets, warned, however, that the markets will be put to a real test on Friday, when the Labor Department releases the employment report in November

The main Asian markets fell on Monday. The Hang Seng in Hong Kong lost 0.5% at the end of the session, while the Shanghai Composite dropped 0.2%. The Nikkei index on the Tokyo Stock Exchange lost 0.6%.

This morning US Treasury long-term bond yields increased slightly. Traders are mainly focused on the fact that Jerome Powell said that current monetary policy was “clearly in restrictive territory.” According to the strategists at BMO Capital Markets, “investors quickly moved the debate to the timing of the Fed's first rate cuts, whose rhetoric was more cautious, instead of focusing on the message that a cut in key rates would not be on the agenda in the near future.”

This Monday the euro retreated against the dollar. ANZ said it is currently witnessing an antipodic spectacle in the foreign exchange markets, with the dollar and the euro both in trouble as markets debate the downside schedule. The main market events this week will be the PMI and ISM service indices in Europe and the United States, as well as the monthly employment report across the Atlantic

Oil futures retreat this morning. Daniel Ghali, commodity strategist at TD Securities, said the new agreement reached last week by OPEC+, a group that brings together the Organization of Petroleum Exporting Countries (OPEC) and ten allied countries, should bring temporary relief to oil markets as seasonal market developments will ease pressure on member states in the second half of 2024. For Helima Croft, global head of commodity strategy at RBC Capital Markets, Brazil announced that it would join OPEC+ in January. This would be a major development in the medium term if the South American producer ends up adhering to collective management of oil production