European stock exchanges are expected to continue to rise at the opening. The Eurostoxx 50 at 3,533.17 points (+2.82%), the CAC 40 at 6,073.35 points (+3.23%), the DAX 40 at 13,118.13 points (+1.59%), the FTSE 100 at 7,208.81 points (+2.68%), the SMI at 10,823.12 points (+3.54%), the AEX at 660.32 points (+3.3.32 points) 84%), the Nasdaq had 11,607.62 points (+3.34%), the S&P 500 had 3,911.74 points (+3.06 %) and the Nikkei 225 at 26,915.06 points (+1.60%).
As for exchange rates, the change compared with the close in New York indicates that EUR/USD stands at 1.0566 (+0.08%), EUR/JPY at 142.35 (-0.22%), USD/JPY at 134.73 (-0.36%).
The markets will also react to the call to reduce energy consumption launched over the weekend by the managing directors of TotalEnergies, Engie and EDF in the face of the risk of shortage. The biotech company Valneva also announced on Friday evening that the European Commission had authorized the marketing of its Covid-19 vaccine, for use as the first vaccination of adults aged 18 to 50.
European equity markets are expected to continue to rise on Monday, as the latest economic indicators released in the United States dampened investor expectations of a sharp rise in Federal Reserve (Fed) interest rates. In this context, the markets will be paying attention this week to the European Central Bank (ECB) annual forum, which will bring together numerous global central bankers in Sintra, Portugal. At 7:40, the CAC 40 futures contract gained 33 points, or 0.5%, according to data from the broker IG Markets, the DAX 40 contract rose by 95 points, or 0.7%, and the FTSE 100 contract gained 36 points, or 0.5%.

Commodity prices have recently fallen and, judging by federal fund futures, investors are now anticipating a lower peak in Fed policy rates. Investors expect the federal funds rate to peak between 3.25% and 3.50% in December, compared to 3.50% to 3.75% a week ago. In addition, they now estimate that the Fed will start cutting rates in about a year. Wall Street thus finished strongly on Friday, completing its first week of increase in a month. The Dow Jones Index (DJIA) gained 2.7%, while the expanded S&P 500 gained 3.1%. The Nasdaq index, rich in tech stocks, accelerated by 3.3%, to 11,607.62 points. Over the week as a whole, the Dow Jones and S&P 500 indexes rose by 5.2% and 6.2% respectively, while the Nasdaq rose by nearly 7%. In the wake of the American indices, Asian exchanges were trading green on Monday. The Nikkei index gained 1.4% at the end of the session in Tokyo. The Hang Seng on the Hong Kong Stock Exchange won 2.2% and the Shanghai Composite rose by 0.7%.

US Treasury bond yields continued to rise on Monday morning, with investors selling bonds deemed the safest and hoping that the slowdown in the U.S. economy will slow the Fed's rate hike.

The euro is gaining ground against the dollar on Monday. However, economic forecasts remain gloomy, which could work in favour of the dollar. The household spending and inflation figures in the United States, expected this week, should be closely followed by investors.

Oil futures fell slightly on Monday, as supply pressures offset fears of an economic recession. At 7:30am, the August North Sea Brent contract lost 11 cents to 113.01 dollars a barrel. The same-term contract for mild mild crude oil (WTI) listed on Nymex fell by 29 cents to $107.33 per barrel.