European equity markets expected to rise very slightly before services PMIs. The Eurostoxx 50 opened at 4,084.31 points (+0.13%), the CAC 40 at 6,552.86 points (-0.01%), the DAX 30 at 15,650.09 points (+0.30%), the FTSE 100 at 7,123.27 points (-0.03%), the SMI at 11,964.84 points (-0.10%), the AEX at 733.55 points (+0.30%), the BEL 20 at 4,170.89 points (+0.11%), the IBEX 35 at 8,907.60 points (-0.28%), the DJIA at 34,786.35 points (+0.44%), the Nasdaq at 14,639.33 points (+0.81%), the S&P 500 at 4,352.34 points (+0.75%) and the Nikkei 225 at 28,626.24 points (-0.55%).

The variation from the close in New York indicates that EUR/USD lost 1.1857 (-0.07%) while EUR/JPY gained 131.78 (+0.04%) and USD/JPY gained 111.15 (+0.11%).

Investors will be paying attention on Monday to the final june services PMI figures. The first estimate, published by IHS Markit on June 23, reported an index at 57.4 in June, its highest level since April 2018, up from 56.6 in May. They will also track industrial production data in May.

The main European equity markets are expected to open slightly higher on Monday morning, as investors await final figures from the EUROzone and member states' PMIs in June. The trend could quickly change, however, as the closure of U.S. stock exchanges for U.S. National Day is likely to weigh on trading volumes and markets awaiting the outcome of the meeting of the Organization of Petroleum Producing Countries (OPEC) and its Russian-led allies. At 7:40 am, the futures contract on the CAC 40 gained 2 points, or 0.03%, according to data from the broker IG Markets. The DAX 30 contract was up 1.9 points, or 0.01%, and the FTSE 100 contract was up 11 points, or 0.2%. The Eurozone Services PMI is expected at 11:00 a.m. IHS Markit's first estimate, released on June 23, indicated a rebound in the index to 58 in June, a 41-month high, from 55.2 in May. The data provider said at the time that private sector activity in the euro zone last month experienced its strongest growth in 15 years, thanks to the easing of health restrictions and the renewed confidence generated by vaccination campaigns.

EPF+ did not reach an agreement on Friday on its production quotas from August and will therefore meet this Monday at 15:00 to try to reach an agreement. As demand for oil rises in Europe and the United States after most health restrictions were lifted, most OPEC+ delegates were seeking an agreement on Friday to increase production by 400,000 barrels per day. The quotas would be increased every month until the end of 2022, allowing the production cuts of 5.8 million barrels per day still in force to be phased out. However, this draft agreement was rejected by the United Arab Emirates, according to OPEC+ delegates.

In Asia, major stock indexes are falling on Monday after China's Caixin Services PMI hit its lowest growth rate in 14 months in June. The index came out at 50.3 last month, up from 55.1 in May, according to Caixin and IHS Markit. At the end of the session, the Shanghai Composite Index lost 0.2%, while the Nikkei and Hang Seng lost 0.6% each in Tokyo and Hong Kong respectively. The Dow Jones Index (DJIA) ended up 0.4% at 34,786.35 points, and the broader S&P 500 index gained 0.8% to 4,352.34 points. The Nasdaq Composite gained 0.8% to 14,639.33 points.

US Treasury yields lost ground on Friday, after the announcement of a rise in the unemployment rate but high job creation in the United States in June. The yield on the ten-year Treasury bond, the market's benchmark, fell as much as 1.434% on Friday, its lowest level since March, as markets appeared to be resolving to a more measured economic growth outlook across the Atlantic.

The dollar is rising slightly on Monday morning and could continue its momentum this week if the minutes of the mid-June meeting of the Federal Reserve's (Fed) monetary policy committee confirm the US central bank's restrictive turnaround, according to CBA Bank. Details on when the Fed could cut back on asset purchases could support the dollar, CBA said. The bank adds that economic indicators currently corroborate the outperformance of the U.S. economy relative to major economies, which could be a supporting factor for the greenback until the end of 2021. For its part, Capital Economics expects the dollar to continue to rise provided that U.S. economic data remains robust.

Oil prices fell slightly on Monday morning, due to signs of disagreement within OPEC+, ANZ said. "Negotiations will resume on Monday after what is likely to have been a weekend of frantic diplomatic talks," said ANZ. adds the bank. At 7:30 a.m., the September Contract for North Sea Brent lost 8 cents, to $76.09 a barrel, and the August contract for WTI lost 3 cents, to $75.13 a barrel.