European equity markets are expected to be close to balance. The Eurostoxx 50 opened at 4,843.99 points (+0.62%), the CAC 40 at 7,465.25 points (+0.41%), the DAX 40 at 18,699.40 points (+0.98%), the FTSE 100 at 8,273.09 points (+0.62%), the CAC 40 at 8,273.09 points (+0.62%), the SMI at 12,037.28 points (+0.46%), the AEX at 899.60 points (+0.98%), the FTSE 100 at 8,273.09 points (+0.62%), the FTSE 100 at 8,273.09 points (+0.39%), the SMI at 12,037.28 points (+0.41%), the AEX 40 at 18,699.40 points (+0.98%), the FTSE 100 at 8,273.09 points (+0.+0.71%), the BEL 20 at 4,245.21 points (+0.67%), the IBEX 35 at 11,540.20 points (+1.23%), the DJIA at 41,393.78 points (+0.72%), the Nasdaq at 17,683.98 points (+0.67%), the IBEX 35 at 11,540.20 points (+1.23%), the DJIA at 41,393.78 points (+0.72%), the Nasdaq at 17,683.98 points (+0.67%), the Nasdaq at 17,683.98 points (+0.65%), the S&P 500 at 5,626.02 points (+0.54%), and the Nikkei 225 at 36,584%, and the Nikkei 225 at 36,584% 1,76 points (-0.70%)

As for exchange rates, the change from the close in New York, the EUR/USD at 1.1099 (+0.21%), the EUR/JPY at 155.58 (-0.26%), and the USD/JPY at 140.19 (-0.46%).

After publishing higher results in the first half of the year, the Virbac veterinary laboratory confirmed its financial objectives for 2024 on Friday evening. For the full current financial year, Virbac still expects revenue growth of between 7% and 9% at constant exchange rates and scope, as well as an adjusted Ebit margin of around 16%

As investors await the monetary policy decision this week from the American Federal Reserve (Fed), which is preparing to cut interest rates for the first time since 2020, European equity markets are preparing to cut interest rates for the first time since 2020. People are expected to open close to balance on Monday. According to data from broker IG, around 7:40am, the CAC 40 futures contract was almost unchanged. The one on the DAX 40 was up 7.9 points, or less than 0.1%, while the one on the FTSE 100 was up 5.2 points, or 0.1%. According to CME Group's FedWatch tool, the chances of a 25- or 50-basis-point cut in its rates by the Fed are about equal in the federal funds futures market

The New York Stock Exchange ended higher on Friday and rose for the whole week, buoyed by the hope of a sharp reduction in interest rates by the Fed by the end of the year to support the economy. For its part, the expanded S&P 500 index posted a fifth session of growth to approach its record in July, rising 0.5% to 5,626.02 points. The Dow Jones Index (DJIA) gained 0.7% on Friday and rose 2.6% over the week. The S&P 500 and the Nasdaq Composite gained 4% and 6%

Interest rate decisions are also expected in the United Kingdom, Brazil, Norway, Turkey, and South Africa, while in Asia, announcements from the central banks of Japan and China will take center stage this week.

The Hang Seng Index lost just under 0.1% at the end of trading in Hong Kong. In Asia, the Tokyo Stock Exchange is closed on Monday due to a public holiday. The Shanghai Stock Exchange is also closed.

Bank of America (BofA) analysts indicate that the European corporate bond market is in a delicate phase and interest rate spreads could fluctuate sharply as central banks cut interest rates. For BofA, “buying on the downside remains the best strategy given the extent of monetary easing in the world, while the final rates taken into account in the rates suggest some financial pressure in the future.” According to the financial institution, around 60% of the world's central banks are entering a cycle of rate cuts, which should support economic activity, especially in the manufacturing sector, and improve the outlook for the eurozone

The yen strengthened against the dollar and the euro on Monday. According to Commonwealth Bank of Australia (CBA), the greenback could hit a low point since the start of the year below 140 yen if markets focus on closing the interest rate gap between the United States and Japan, whose central banks are meeting this week. CBA also indicates that the Bank of Japan should maintain the status quo this week, but its governor, Kazuo Ueda, could leave the door open for another rate hike, possibly as early as October. For the Australian bank, the Fed should lower rates by 25 basis points.

This morning, oil futures are not changing much. According to analysts at Citi Research, after two quarters of contraction, demand for black gold in China is expected to increase by 300,000 barrels per day over one year in the fourth quarter. For these funds, independent Chinese refiners seem to have already started to increase their activity. Libyan supply is also expected to continue to fall for most of the fourth quarter, by 600,000 barrels per day on average, analysts say

At 7:40 a.m., the November contract on Brent traded in London gained 1 cent, at 71.62 dollars per barrel, while the October contract on light sweet crude (WTI) listed on Nymex took 13 cents, at 68.78 dollars per barrel.