Ahead of a week marked by the ECB and numerous corporate results, stocks are expected to rise. The Eurostoxx 50 opens at 3,476.63 points (-0.46%), the CAC 40 at 6,035.39 points (-0.85%), the DAX 40 at 12,730.90 points (-0.29%), the FTSE 100 at 6,969.73 points (+0.37%), the SMI at 10,418.60 points (-0,52%), the AEX at 652.46 points (+0.37%), the SMI at 10,418.60 points (-0,52%), the AEX at 652.46 points (+0.37%), the SMI at 10,418.60 points (-0,52%) 0.06%), the BEL 20 at 3,448.63 points (+0.22%), the IBEX 35 at 7,545.60 points (-1.29%), the DJIA at 31,082.56 points (+2.47%), the Nasdaq at 10,859.72 points (+2.31%), the S&P 500 & nbsp; 3,752.75 points (+2.37%) and the Nikkei 225 at 27.076.34 points (+0.69%).

With regard to exchange rates, the change since the close mentions that in New York, EUR/USD is at 0.9845 (-0.19%), EUR/JPY at 146.57 (+0.62%) and USD/JPY at 148.89 (+0.81%).

Today, investors will be paying attention to the manufacturing and services PMI indexes for October. For their part, the companies Seb and Icade present their turnover for the same period.

At the start of a week that will be marked by the monetary policy meeting of the European Central Bank (ECB), by numerous corporate results, such as those of American technology giants Alphabet, Apple, Microsoft Amazon.com, and Meta Platforms, and by Credit Bank's long-awaited strategic plan Switzerland, the main European indices are expected to open higher today.

The DAX 40 contract increased 87 points, or 0.7%, while the FTSE 100 contract gained 2 points, or 0.03%. The CAC 40 futures contract gained 33 points, or 0.6% around 7:40 a.m., according to data from broker IG Markets.

Furthermore, investors remain attentive to the political situation in the United Kingdom. After the withdrawal on Sunday evening of his main rival, former Prime Minister Boris Johnson, who avoided a competition between the two men that threatened to divide the ruling Conservative Party and further disturb the financial markets, the former Chancellor of the Exchequer, Rishi Sunak, took an important step towards being appointed prime minister.

The Chinese economy grew faster than expected in the third quarter, with Xi Jinping re-elected for a third term as head of the Communist Party. The country has recovered somewhat after the Covid-19 lockdowns last spring.

The main stock exchanges are trading in a scattered order at the start of the week. The Shanghai Composite lost 1.4%, the Hang Seng plunged 5.3% in Hong Kong and then the Nikkei index gained 0.5% at the end of the trading session in Tokyo. Investors' attention in Europe will focus today on manufacturing PMI indices in the eurozone and the United States.

Wall Street ended sharply higher after bond market rates relaxed last Friday evening.

The Dow Jones Index (DJIA) rose 2.5% last Friday, ending two consecutive sessions of pullback in a market that is still very volatile. The Nasdaq Composite gained 2.3% and the expanded S&P 500 index gained 2.4%.

Last Friday, after the Wall Street Journal reported that Federal Reserve officials are expected to discuss, at their next meeting, the extent of the rate hike scheduled for December, the two-year US Treasury bond yield is particularly sensitive to changes in Monetary policy has suffered its biggest fall in three weeks and its biggest weekly pullback since July. According to Ben Jeffery and Ian Lyngen, analysts at BMO Capital Markets, “the reversal of expectations for the final level of interest rates, which had been rising steadily recently, is still too early to rule out a 75 basis point increase in December or policy rates of around 5% at the end of the cycle” despite the reaction of investors.

This morning, the yen rose, ready to fall to its lowest level in 32 years against the dollar on Friday. According to Nikkei Quick News, the Japanese government would take appropriate measures to combat excessive fluctuations in the yen, according to Japanese market intelligence specialist Nikkei Quick News, Masato Kanda, Japan's deputy finance minister in charge of international affairs. According to the article, the leader did not want to indicate whether the Ministry of Finance intervened on Monday to support the yen. According to CQG data, the dollar fell briefly to 145.50 yen, after reaching a high point during the session at 149.69. The greenback was worth 148.92 yen at 7:40am reaching a high point of 151.94 yen on Friday, which had not happened to it since July 1990. While the Bank of Japan continues to relax its policy, the fall of the yen against the dollar is explained by the prospect of a continuation of the Fed's monetary tightening to curb inflation.

This morning, in an uncertain context, oil futures are falling as the market prepares for the entry into force of European sanctions against Russian oil and production cuts by OPEC +, a group bringing together the Organization of Petroleum Exporting Countries (OPEC) and ten allied countries led by Russia, according to ANZ.

Joe Biden for his part announced that 15 million barrels would be released from US strategic reserves to limit supply disruptions. The December contract on light sweet crude (WTI) traded on Nymex fell 74 cents to $84.29 per barrel, while the same contract on North Sea Brent lost 72 cents to $92.78 per barrel.