Continued by fears of recession, European stock markets are expected to open again lower. The Eurostoxx 50 opens at 3,356.88 points (-0.55%), the CAC 40 at 5,840.55 points (-0.45%), the DAX 40 at 12,272.94 points (0.00%), the FTSE 100 at 6,959.31 points (-0.45%), the SMI at 10,262.52 points (-0.45%), the AEX at 641.21 points (-0.91%) 1%), the BEL 20 at 3,363.53 points (-0.08%), the IBEX 35 at 7,413.50 points (-0.31%), the DJIA at 29,202.88 points (-0.32%), the Nasdaq at 10,542.10 points (-1.04%), the S&P 500 at 3,612.39 points (-0.75%) and the Nikkei 225 at 26,370, 22 points (-2.75%).
As for exchange rates, the variation compared to the close mentions that in New York, EUR/USD is at 0.9681 (-0.24%), EUR/JPY at 141.11 (-0.21%), USD/JPY at 145.77 (+0.03%).


Luxury giant LVMH is kicking off the season for periodical corporate publications in France by presenting its third-quarter sales figures today. For its part, Channel Tunnel operator Getlink publishes its traffic figures in September.

Airbus announced last night that it had delivered 55 aircraft to 31 customers and received 13 orders in September. Thus, the net number of deliveries over the first nine months of the year is 435. According to the aircraft manufacturer, the objective is to make a delivery of 700 this year. In addition, investors will also remain attentive to the evolution of the strike at TotalEnergies.

On Tuesday, European equity markets are expected to open lower. Thus, investors are concerned about the tightening of the monetary policies of the major central banks and its effects on economic growth and the escalation of tensions between Russia and Ukraine.

The FTSE 100 contract lost 42 points, or 0.6%, and the DAX 40 contract lost 62 points, or 0.5%. According to data from the IG Markets broker, the CAC 40 futures contract fell by 38 points, or 0.6%.
To better assess the prospects for American monetary policy and the valuation of shares, traders are waiting for new economic indicators across the Atlantic this week. The consumer price index will be released on Thursday, but the U.S. production index will be released on Wednesday.
Lael Brainard, Vice Chair of the Federal Reserve (Fed), warned on Monday that “monetary policy will be [it] restrictive for some time to ensure that inflation falls back down” to the Fed's target of 2% per year.
Yesterday, Wall Street closed lower for the fourth session in a row. According to Dow Jones Market Data, the broad S&P 500 index ended down 0.8% and the Dow Jones (DJIA) fell 0.3%. The Nasdaq Composite dropped 1% to 10,542.10 points, the lowest since July 2020. The American S&P 500 index is likely to see a further fall of 20%.
The main indices fell in Asia on Tuesday. In its first session of the week, the Nikkei index on the Tokyo Stock Exchange fell by 2.7%, the Hang Seng in Hong Kong dropped 2.2% and the Shanghai Composite Index fell by 0.1%.

This morning, US bond yields rose and the yield on the 10-year Treasury note, the benchmark stock market, stood at 4% compared with 3.889% on Friday evening. Due to the holiday in the United States, the bond markets were closed yesterday.
Yields soared on Monday in the United Kingdom. For their part, investors fear that the pension fund market will not be ready for the end of the Bank of England's (BOE) temporary bond-buying program this week.
Yesterday, the BOE announced that it would increase daily purchases of gilts made for the emergency program and would continue to support the pension funds that caused the crisis in the British bond market. The BOE bond purchases will end next Friday as scheduled. For its part, the institution indicates that it would increase the daily amount offered to investors as part of its upcoming gilt auctions. Thus, this amount was increased on Monday to 10 billion pounds sterling (11.35 billion euros), compared with the maximum amount of 5 billion pounds initially set.

This Tuesday, the dollar rose in particular against the euro. The market continues to fear further muscular tightening of the Federal Reserve's monetary policy, according to CBA economist and currency strategist Carol Kong.

Oil futures are falling. In China, last week, the country's authorities imposed new lockdowns in some major cities after an increase in Covid-19 cases. According to comments from the market analyst at CMC Markets, these restrictions are amplifying supply concerns and profit-taking is amplifying the pressure on oil. According to him, in a context of the appreciation of the dollar and the raising of the Fed's key rates, fears of recession are once again dominating the trend.
In addition, the November contract for light sweet crude (WTI) traded on Nymex fell 59 cents to $90.54 per barrel, while the December North Sea Brent contract lost 47 cents to $95.72 per barrel.