European equity markets should try to recover when they open on Monday, August 8, 2022. Thus, the Eurostoxx 50 opens at 3,725.39 points (-0.78%), the CAC 40 at 6,472.35 points (-0.63%), the DAX 40 at 13,573.93 points (-0.65%), the FTSE 100 at 7,439.74 points (-0.11%), the SMI at 11,123.07 points (-0.71%), the AEX at 722.74 points (-1.11%), the SMI at 11,123.07 points (-0.71%), the AEX at 722.74 points (-1.11%). 21%), the BEL 20 at 3,763.05 points (-0.32%), the IBEX 35 at 8,168.00 points (+0.08%), the DJIA at 32,803.47 points (+0.23%), the Nasdaq at 12,657.55 points (-0.50%), the S&P 500 at 4,145,19 points (-0.16%) and the Nikkei 225 at 28,252.11 points (+0.27%).

On the exchange side, the change from the close in New York indicates that EUR/USD opens at 1.0183 (-0.01%), EUR/JPY at 137.64 (+0.11%), and USD/JPY at 135.17 (+0.12%).

No economic indicators are due to be published in France on Monday this Monday. Also, the business agenda is empty.

European stock markets are expected to open higher on Monday, after losing ground on Friday in the wake of a much better than expected U.S. jobs report, which increased the probability that the Federal Reserve would proceed & worse; new to significant rate hikes. Around 7:40am, the CAC 40 futures contract gained 31.6 points, or 0.5%, according to data from the IG Markets broker. The DAX contract increased 70.9 points, or 0.5%, and the FTSE 100 contract increased by 25.4 points, or 0.3%.

The U.S. Senate passed a more than $400 billion health and climate bill last night, after more than a year of debate. This plan, passed 51 to 50 thanks to the vote of Vice President Kamala Harris, includes, among other things, tax credits to reduce CO2 emissions and the possibility for Medicare to negotiate the price of certain prescription drugs. In addition to a new minimum income tax rate of 15%, the plan also includes a 1% excise tax on share repurchases. The envelope to reduce the deficit is approximately $300 billion. The plan must now be considered by the House of Representatives, with a vote scheduled for Friday.

The New York Stock Exchange had an indecisive session on Friday after the announcement of employment figures in July, which reassured about the health of the US economy but raised fears of a strong monetary tightening by the Federal Reserve (Fed) in September. After spending most of the session in the red, the Dow Jones Index (DJIA) managed to gain 0.2%, supported by banking stocks. On the other hand, the expanded S&P 500 index fell by nearly 0.2%. The Nasdaq Composite made a brief foray into the green during the session, ending with a fall of 0.5%. Over a whole week marked by tensions between the United States and China over Taiwan, the Dow Jones lost 0.1%, while the S&P 500 gained 0.4%. The Nasdaq composite, for its part, added 2.2%.

Asian stock markets were trading in a mixed order on Monday. At the end of the session, the Nikkei index gained 0.3% in Tokyo, the Shanghai Composite gained 0.1% and the Hang Seng Index on the Hong Kong Stock Exchange lost 0.8%.

U.S. Treasury bond yields moved little on Monday morning, after rising sharply on Friday following the release of the July employment report. This has reinforced the possibility that the Fed will continue to raise policy rates aggressively to contain inflation. However, the phenomenon of the inversion of the yield curve is more obvious because the gap between short-term and long-term bond yields has widened even further, thus increasing. Around 7:20 a.m., the 10-year US Treasury rate fell 1 basis point to 2.825%. The 2-year stock also lost 1 basis point, to 3.206%.

The euro changed little against the dollar on Monday morning but rose slightly against the yen, like the greenback. The dollar benefited from the rise in bond yields in the United States on Friday after the announcement of good employment figures for the month of July, according to Edward Moya at Oanda.

Oil contracts increased slightly on Monday morning. Soaring natural gas prices, freight rates, and the appreciation of the dollar have increased the cost of transporting Brent oil to gas pumps, Goldman Sachs says. At 7:15 a.m., the October Brent futures contract earned 25 cents to $95.17 per barrel, while the September WTI contract rose 22 cents to $89.23 per barrel.