While investors have their eyes focused on the American Federal Reserve (Fed) and its monetary policy for In the coming months, European stock exchanges should open slightly lower Monday.

The world number one cosmetics company L'Oréal announced on Monday the strengthening of its partnership with the group Swiss specialist in dermatology Galderma, by passing its participation of 10% to 20% of the capital.

BNP Paribas bank announced on Monday have concluded a framework agreement with the Belgian insurer Ageas, focused on the activity of bancassurance in Belgium. BNP Paribas Fortis, the Belgian subsidiary of BNP Paribas will sell its 25% stake in the capital of AG Insurance to Ageas, which is already its main shareholder, for an amount of 1.9 billion of euros. At the same time, BNP Paribas Cardif, the insurance subsidiary of BNP Paribas will invest 1.1 billion euros in the capital of Ageas, to bring its stake in the Belgian insurer accounting for 22.5% of the shares.

JPMorgan lowers its recommendation of “overweight” to “neutral” on Sanofi and reduces its objective course costs from 105 to 95 euros. Sanofi shares traded at 85 euros at Closing on Friday.

Around 7:40am, the futures contract on the CAC 40 lost 0.1%, according to data from broker IG.

As the markets wait several central bank decisions, in particular that of the Reserve Federal, futures contracts on European equity markets leave presage a cautious opening on Monday.

Around 7:40 a.m., the DAX futures contract 40 in Frankfurt fell by 0.1%, as did the one on the FTSE 100 in London, according to data from the broker IG.

James Knightley reported that “the Dynamic is now clearly in favor of a third easing of 25% basis points for the year” by the U.S. Federal Reserve. For this last, “although some nervousness remains about the possibility that inflation remains high due to price increases induced by customs duties, the news on the job market is growing worrisome”.

Investors will also follow from After the new Fed rate forecasts to assess the speed and the extent of the fall in interest rates next year.

The New York Stock Exchange closed in slight increase on Friday, after the publication of a PCE inflation indicator for September that does not call into question the chances of a further reduction in American interest rates this week. The Dow Jones Industrial Average rose 0.2% to 47,954.99 points, as well as the S&P 500, at 6,870.40 points. The Nasdaq Composite, rich in technological stocks, advanced by 0.3%, to 23,592 points.

In Asia, the Nikkei Index of the Stock Exchange of Tokyo ended up 0.2% on Monday. The Shanghai Composite Index was winning 0.5% at the end of the session, while the Hang Seng on the Hong Kong Stock Exchange lost 1%.

The two-year title rate was in growth of 1 basis point, to 3.58%. Around 7:40 a.m., the rate of The 10-year US Treasury bond also rose 1 point base (0.01 percentage point), at 4.15%.

Philip Wee of DBS announced that the markets could be less paying attention to Jerome Powell at the monetary policy committee meeting from the Federal Reserve this week. For Philip Wee, “the center of Gravity could have already moved toward the president's impending choice American Donald Trump for the presidency of the Fed”. Investors are increasingly focusing more on the emerging “shadow” Fed rather than on short-term guidelines by Jerome Powell. The futures market has started to reflect this trend, next year's rate cuts being more motivated by the expectations of a new Fed president focused on supply, which weighs on the US dollar, he added.
The greenback lost 0.1% against the Japanese currency, at 155.25 yen. Vers At 7:40am, the euro rose 0.2% to 1.1663 dollars.

The January light crude contract Soft (WTI) listed on Nymex rose 0.3% to $60.24 per barrel. Vers 7:40 a.m., the February contract for North Sea Brent traded in London climbed by 0.2% to $63.90 per barrel.