Les marchés d' actions européens attendus en slight decrease. The EuroStoxx 50 opens at 4,840.52 points (+0.68%), the CAC 40 at 7,449.70 points (+0.35%), the DAX 40 at 18,322.40 points (+0.35%), the DAX 40 at 18,322.40 points (+0.77%), the FTSE 100 at 8,311.41 points (-0.43%), the SMI at 12,188.73 points (+0.32%), the AEX at 905.67 points (-0.02%), the BEL 20 at 4,075.78 points (-0.14%), the IBEX 35 at 10,949.70 points (+0.59%), the DJIA at 40,659.76 points (+0.24%), the Nasdaq & Agrave; 17,631.72 points (+0.21%), the S&P 500 at 5,554.25 points (+0.20%), and the Nikkei 225 at 37,498.31 points (-1.48%)

As for exchange rates, the change from the close indicates that in New York, EUR/USD is at 1.1042 (+0.12%), EUR/JPY at 161.33 (-0.90%), and USD/JPY at 146.11 (-1.02%).

The macroeconomic agenda is empty on Monday.

There are no events on the corporate agenda as well.

While the central bankers' meeting in Jackson Hole this week will focus the attention of investors, European equity markets are expected to open slightly lower on Monday. At 7:30am, the CAC 40 futures contract gave up 7 points, according to data from broker IG. The one on the DAX 40 fell by 31.1 points, or 0.2%, while the one on the FTSE 100 dropped 18.8 points, or 0.2% as well

The New York Stock Exchange posted another session of growth on Friday, capping a week marked by the easing of recession fears and a drop in inflation in the United States. For the whole week, the DJIA gained 2.9%, the S&P 500 rose by 3.9% and the Nasdaq Composite jumped by 5.3%, the best performance since last November for each of the three indices. Investors have been reassured by the publication in recent days of several economic indicators suggesting that the American economy is heading for a soft landing

The market was also supported on Friday by the announcement of improved household confidence, according to the index published by the University of Michigan. Jerome Powell should signal that inflation is moving in the right direction, according to James Knightley, chief international economist at ING.
According to Steve Sosnick, head of strategy at Interactive Brokers, investors may have set the bar too high when it comes to the central banker's speech.
In Asia, the Nikkei 225 index on the Tokyo Stock Exchange lost 1.5% at the end of the session, the Hang Seng rose by 1.1% in Hong Kong and the

After falling on Friday, U.S. Treasury yields changed little on Monday morning. Around 7:20 a.m., the 10-year US Treasury bond rate was almost stable, at 3.882%. That of the two-year stock was unchanged at 4.062%. Investors are no longer expecting the Fed to cut interest rates by 50 basis points at the end of its next monetary policy meeting on September 17 and 18. This development has mixed repercussions on the bond market. Investors are reducing their positions on short-term Treasury bonds but buying more long-term securities as protection against a possible further plunge in the equity market.

The euro rose this morning against the dollar, but fell sharply against the yen, like the greenback. The improvement in risk appetite is weighing on the dollar. According to Maybank analysts, the scenario of a soft landing of the American economy continues to gain credibility, which weighs on the American currency. Kumiko Ishikawa, an analyst at Sony Financial Group, says the yen is expected to move in a range of 144.50 to 151.50 against the dollar this week, in a volatile market. A 25-basis-point cut in its rates by the Fed in September is fully integrated by the market, which estimates the chances of a 50-basis-point cut at around 30%, she observes

Crude oil futures fell this morning. According to Michael Brown, a strategist at Pepperstone, market participants are likely looking at the latest information from the Organization of Petroleum Exporting Countries (OPEC), which last week cut its forecasts for demand in 2024, mainly due to an easing in Chinese demand. Analysts at ANZ Research note that China's apparent crude demand fell by 8% in July over one year.

Around 7:20 a.m., the October contract for North Sea Brent fell by 22 cents to $79.46 per barrel, while the September contract for light sweet crude (WTI) listed on Nymex fell by 33 cents to $76.32 per barrel.