European stock markets should open lower, eyes are again on inflation. The EuroStoxx 50 opens at 4,872.57 points (+0.35%), the CAC 40 at 7,966.68 points (+0.70%), the DAX 40 at 17,419.33 points (+0.70%), the DAX 40 at 17,419.33 points (+0.28%), the FTSE 100 at 7,706.28 points (+0.28%), the SMI at 11,496.28 points (+0.70%), the DAX 40 at 17,419.33 points (+0.28%), the SMI at 11,496.28 points (+0.70%) 6.76 points (+0.97%), the AEX at 854.97 points (-0.30%), the BEL 20 at 3,707.48 points (+0.31%), the IBEX 35 at 10,130.60 points (-0.08%), the DJIA at 39,131.53 points (+0.16%), the Nasdaq & Agrave; 15,996.82 points (-0.28%), the S&P 500 at 5,088.80 points (+0.03%), and the Nikkei 225 at 39,233.71 points (+0.35%

As for exchange rates, the change from the close shows that in New York, EUR/USD is 1.0823 (0.00%), EUR/JPY is 162.76 (-0.08%), and USD/JPY is 150.38 (-0.09%).

The manufacturer of cryogenic membranes for the transport of liquefied natural gas Gaztransport and Technigaz (GTT) is publishing its annual results on Monday.

European equity indices are expected to open lower on Monday, after breaking a series of records last week. The impetus given by the exceptional results of the artificial intelligence specialist Nvidia is running out of steam, while investors expect several major economic indicators this week. According to data from broker IG, the DAX 40 contract lost 31 points, or 0.2%. The one on the FTSE 100 gave up 18 points, or 0.2% as well. The CAC 40 futures contract lost 19 points, or 0.2%, at 7:25am.
The first estimate of inflation in the eurozone in February, as well as the PCE index, the preferred inflation measure of the American Federal Reserve (Fed), for January are among the main data expected this week. Investors anticipate a reduction in rates from major central banks this year and will therefore be attentive to this data, which could provide clues about the timing of the first cuts

For their part, economists at Goldman Sachs expect only four Fed rate cuts this year, instead of five so far, and now believe that the American central bank will wait until June to relax its politics. Goldman points in particular to the latest statements by Fed Governor Christopher Waller, who last week insisted on the need for further progress in reducing inflation as a precondition for lowering rates

In France, the CAC 40, which ended Friday up 0.7% at 7,966.68 points, its seventh consecutive record in closing, is only a stone's throw away from the 8,000 point threshold, while on Wall Street, the Dow Jones index crossed the 39,000 point mark.

The main Asian indexes presented a mixed picture on Monday. In Tokyo, the Nikkei index closed up 0.4% to a new record of 39,233.71 points, while the Hang Seng on the Hong Kong Stock Exchange lost 0.6% at the end of trading. At the same time, the Shanghai Composite Index lost 0.9%

US Treasury bond yields fell on Monday. Investors are adjusting their bets on when the first interest rate cuts in the United States will be. According to the CME Group's FedWatch tool, investors now estimate that there is a 56% probability that the Fed's first rate cut will take place in June. At the beginning of the year, most investors expected the Fed to cut rates for the first time in March. Markets are also forecasting fewer rate cuts this year than they expected before higher-than-expected inflation and employment data came out in January

This morning, the euro is trading very little against the dollar. The fall in US equity index futures could lead to a decrease in risk appetite and a strengthening of demand for the greenback. According to the global economic and market research team at the Australian bank CBA, the dollar could see a slight rebound this week. January PCE inflation data in the United States, expected on Thursday, could be higher than consensus estimates, which would support American interest rates and the dollar according to the team

While investors are looking to determine when the first interest rate cuts from major central banks will be, oil prices are falling this morning in the absence of new catalysts. According to the trading company ActivTrades, thanks to robust data, the Fed has “increased room for manoeuvre to maintain its restrictive monetary policy for an extended period of time. This dynamic is holding back economic growth and suggests a future decrease in oil demand, which contributes to lower oil prices.” At around 7:15am, the April contract for North Sea Brent lost 28 cents, to 81.34 dollars per barrel, and the contract for light sweet crude (WTI) listed on Nymex also lost 28 cents, to 76.21 dollars