Before new corporate results, European stock exchanges are expected to rise. The Eurostoxx 50 opens at 3,441.64 points (+1.77%), the CAC 40 at 6,040.66 points (+1.83%), the DAX 40 at 12,649.03 points (+1.70%), the FTSE 100 at 6,920.24 points (+0.90%), the SMI at 10,498.71 points (+1.64%), the AEX at 640.95 points (+0.90%), the SMI at 10,498.71 points (+1.64%), the AEX at 640.95 points (+0.90%) 1.64%), the BEL 20 at 3,454.10 points (+1.98%), the IBEX 35 at 7,557.10 points (+2.37%), the DJIA at 30,185.82 points (+1.86%), the Nasdaq at 10,675.80 points (+3.43%), the S&P 500 at 3,677.95 points (+2.65%) and the Nikkei 225 at 27 .196.78 points (+1.57%).

As for exchange rates, the change from the close mentions that in New York, EUR/USD is at 0.9860 (+0.16%), EUR/JPY at 146.74 (+0.02%) and USD/JPY at 148.83 (-0.14%).

Today, the third-quarter sales of Publicis, Eurofins, Virbac and Mercialys will be presented

The airport operator Groupe ADP increased by 8.9 million passengers in September compared to the same month in 2021, again driven by the strong rebound in tourism after the lifting of health restrictions, according to its announcement on Monday evening.

The acquisition of a majority stake in the premium tequila brand Codigo 1530 Tequila for an undisclosed amount according to the announcement by the wine and spirits group Pernod Ricard.

Buoyed by improved investor sentiment as investors prepare for a flurry of corporate results, European equity markets are expected to open sharply higher this morning. The FTSE 100 contract rose 58 points, or 0.8%, while the DAX 40 contract increased 160 points, or 1.3%. According to data from the IG Markets broker, the CAC 40 futures contract gained 72 points, or 1.2% at 7:40 a.m.

The budget announcements of the new Chancellor of the Exchequer, Jeremy Hunt, brought relief yesterday and who reversed most of the tax cuts planned by his predecessor for the United Kingdom. Today, investors will be watching the ZEW leading indicator in Germany and industrial production figures in the United States.

In addition, the American group announced that the Kremlin has ousted Exxon Mobil from a major Russian oil and gas project and transferred the oil company's stake to a Russian entity. While bond yields relaxed in a still volatile market, Wall Street closed sharply higher yesterday. The Nasdaq Composite finished up 3.4%, the Dow Jones Index (DJIA) gained 1.9% and the expanded S&P 500 index rose 2.7%. Asian stock markets are trading in the green today in the wake of American indices.

The Shanghai Composite gained 0.2%, the Hang Seng advanced 1.1% in Hong Kong, and the Nikkei index on the Tokyo Stock Exchange increased 1.5% at the end of the session.

After rising globally last year, US Treasury bond yields were losing ground this morning. The 10-year bond rate is at its highest level in 14 years.

After most of the unfunded tax cuts abandoned by the new Chancellor of the Exchequer, Jeremy Hunt, announced by his predecessor and which triggered high volatility in global markets and fuelled fears of a more general financial crisis, government bond yields The British dropped significantly on Monday.

Evercore pointed out that “Jeremy Hunt's announcements have been welcomed by the markets, although the damage to the UK's credibility and the associated costs remain, with very long-term gilt returns 50 basis points higher than their pre-announcement levels tax cuts.”

Supported by the return of risk appetite, the euro is progressing against the dollar today. For IG, the evolution of the situation in the United Kingdom has had positive repercussions in terms of risks. He added that Bank of America's results exceeded expectations and also contributed to improving the market trend.

Crude Oil Futures increased this morning.

For Oanda market analyst Craig Erlam, “The past few weeks have been particularly turbulent for the black gold market, both due to concerns about global growth and the draconian production cuts decided by OPEC+, and it seems that he has not yet fully recovered.”. According to him, “Brent has gone down to 82 dollars and up to 98 dollars, so he may now be trying to establish himself somewhere in between.”

Indeed, the November contract for light sweet crude (WTI) listed on Nymex traded 64 cents at $86.10 per barrel while the December North Sea Brent contract earned 59 cents at $92.21 per barrel.

Furthermore, yesterday, natural gas prices in Europe fell. Investors for their part are waiting for proposals from the European Commission to avoid a surge in gas prices in Europe. A mechanism to cap gas prices on the wholesale market should be proposed by Brussels.