The equity markets are expected to be stable on Monday, October 14, 2024, as the earnings season is about to start in France. Thus, the Eurostoxx 50 opened at 5,004.35 points (+0.68%), the CAC 40 at 7,577.89 points (+0.48%), the DAX 40 at 19,373.83 points (+0.85%), the FTSE 100 at 8,253.65 points (+0.68%), the FTSE 100 at 8,253.65 points (+0.68%), the SMI at 12,154.89 points (+0.48%), the AEX at 915.96 points (+0.63%), the AEX at 915.96 points (+0.85%), the FTSE 100 at 8,253.65 points (+0.68%), the FTSE 100 at 8,253.65 points (+0.68%), the SMI at 12,154.89 points (+0.48%), the DAX 40 at 19,373.83 points points (+0.51%), the BEL 20 at 4,283.23 points (+0.86%), the IBEX 35 at 11,720.00 points (+0.54%), the DJIA at 42,863.86 points (+0.97%), the Nasdaq at 18,342.23 points (+0.97%), the Nasdaq at 18,342.94 points (+0.86%), the Nasdaq at 18,342.94 points (+0.86%), the S&P 500 at 5,815.03 points (+0.61%) and the Nikkei 225 at 39. 581.00 points (+0.42%

On the exchange rate side, the change from the close in New York indicates that the EUR/USD opened at 1.0926 (-0.11%), the EUR/JPY at 163.12 (+0.11%), the EUR/JPY at 163.12 (+0.06%) and the USD/JPY at 149.29 (+0.10%).

It's the opening this Monday of the 90th Paris Motor Show, Porte de Versailles, in Paris. The car show, which runs until October 20, is taking place in a difficult context for the automotive sector, especially for Stellantis, which is in the middle of a reorganization

The examination of the 2025 finance bill in the finance committee of the National Assembly will begin on Wednesday, October 16. But this Monday from 15:00 p.m., deputies are due to debate the debt in a public session. The Fitch rating agency decided last Friday to maintain France's rating at AA-, but with a negative outlook

LVMH will kick off the earnings season in France on Tuesday after the close of the stock market.

European equity index futures are trading shortly on Monday morning ahead of a week full of economic data and earnings, while markets analyze developments related to China's stimulus measures over the weekend. At around 7:50am, the CAC 40 futures contract gained 3 points (or +0.04%), according to data from the broker IG. The one on the DAX 40 gained 17.5 points, or 0.1%, and the one on the FTSE 100 gave up 7.1

Notable events of the week included the monetary policy decision by the European Central Bank (ECB) on Thursday, as well as a series of speeches by officials from the US Federal Reserve (Fed).

In China, the Shanghai Composite Index gained 1.9% at the end of trading on Monday, while the Hang Seng Index was in balance on the Hong Kong Stock Exchange. The Tokyo Stock Exchange is closed due to a public holiday.

In the United States, the New York Stock Exchange ended the week with new records on Friday after a first wave of quarterly results that were well received in the banking sector.

Treasury bond yields closed lower on Friday after the release of an unchanged US producer price index, but they rose for the whole week, supported by higher-than-expected job creation in the US non-farm sector last month.

The bond market is closed in the United States this Monday for a holiday.

The euro fell slightly against the dollar on Monday morning. The dollar could strengthen if Fed governor Christopher Waller calls for a gradual reduction in interest rates later in the day, says Paul Mackel, global head of currency research at HSBC

Oil markets are closing on Monday morning. At around 7:10am, the December Brent contract listed in London lost 94 cents to $78.10 per barrel. The November contract for soft light crude (WTI) listed on Nymex fell by 91 cents to $74.65 per barrel. Oil prices are likely to correct sharply in the coming months, says Bart Melek, head of commodity strategy at TD Securities. The surplus expected at the beginning of 2025, due to weak global demand and robust supply growth, is expected to increase inventories by around 155 million barrels in the first half of 2025, says Bart Melek. This situation could lead to a drop in the price of WTI oil to as much as $50-60 per barrel in the coming months,