European stock markets are expected to fall on Monday. The Eurostoxx 50 opens at 3,688.33 points (+2.65%), the CAC 40 at 6,416.44 points (+2.77%), the DAX 40 at 13,459.85 points (+2.51%), the FTSE 100 at 7,334.84 points (+2.03%), the SMI at 10,787.77 points (+0.72%), the AEX at 671.88 points (+2.03%), the SMI at 10,787.77 points (+0.72%), the AEX at 671.88 points (+2.03%) 1.62%), the BEL 20 at 3,602.53 points (+1.98%), the IBEX 35 at 7,942.70 points (+0.94%), the DJIA at 32,403.22 points (+1.26%), the Nasdaq at 10,475.25 points (+1.28%), the S&P 500 at 3,770.55 points (+1.36%) and the Nikkei 225 at 27,527.64 points (+1.21%).

As for exchange rates, the change from the close mentions that in New York, EUR/USD is at 0.9946 (-0.14%), EUR/JPY at 146.33 (+0.19%) and USD/JPY at 147.13 (+0.34%).

An “investors” day is organized this Monday by Imerys. This day will be an opportunity for the industrial minerals producer to discuss its strategic shift in lithium production. For its part, Altarea presents its results for the third quarter.

EDF also announced Friday evening the signing of a final agreement with General Electric. This agreement will enable the acquisition of GE Steam Power's nuclear activities. The group specified that this transaction should be completed in the second half of 2023, subject to obtaining the required regulatory approvals. The agreement between EDF and General Electric covers key equipment for new nuclear power plants, including Arabelle turbines, and the maintenance and upgrades of equipment at existing nuclear power plants outside the Americas.

At the opening, European equity markets are expected to open lower. The Chinese authorities have dashed hopes that their “zero-COVID” policy will soon be relaxed. And investors, for their part, remain concerned about interest rate hikes.

Data from the IG Markets broker announces that the CAC 40 futures contract lost 0.8 points, 0.01%, around 7:40am. The FTSE 100 contract fell by 42 points, or 0.6%, and the DAX 40 contract lost 6 points, or 0.04%.

Last Saturday, Chinese health authorities said they would stick to a zero-tolerance strategy for Covid-19. They dashed investors' hopes that health restrictions would be relaxed.

Wall Street closed higher on Friday evening after announcing higher-than-expected job creation in the United States, limiting the ground lost during the week in the face of the Federal Reserve's (Fed) firm fight against inflation.

The Nasdaq Composite finished up 1.3% to 10,475.25 points, the broad S&P 500 index rose 1.4% to 3,770.55 points, and the Dow Jones Index (DJIA) gained 1.3% to 32,403.22 points. While the Nasdaq fell by 5.7%, its worst weekly performance since January, the DJIA and the S&P 500 nevertheless lost 1.4% and 3.4% respectively over the week as a whole. Asian stock markets were trading in the green on Monday in the wake of Wall Street. The Shanghai Composite gained 0.2% and the Hang Seng Index increased 3% in Hong Kong at the end of the session.

After the release of better-than-expected employment figures in October in the United States, US Treasury bond yields closed in mixed order on Friday. After reaching its highest level in more than 150 years the day before, the rate on the two-year stock has given way. According to JPMorgan Asset Management, “As labor demand continues to slow, the Fed should take some comfort in the fact that wage growth remains below overall inflation and decelerates, reducing the threat of a transmission of global inflation to wages. For investors, this report signals continued resilience in the labour market amid fears of recession, with no additional worrying signs about inflation.

This Monday, the euro fell against the dollar. He thus erased part of the gains recorded Friday as part of the US employment report. At 7:35am, the euro lost 0.1% to $0.9947.

After climbing on Friday in the hope that China would ease its health restrictions, oil prices fell this morning due to concerns about global demand. According to ANZ, markets continue to face signs of weak oil demand as a result of the already high level of prices and unfavourable economic conditions in developed markets.

ANZ Research adds that motorists are spending less time on the road and demand in Europe and the United States has fallen back below its 2019 levels. While the December contract on sweet crude (WTI) traded on Nymex fell by $1.21 to $91.40 per barrel, the January contract on North Sea Brent lost $1 to $97.57 per barrel around 7:30am.