Corporate publications continue while European stock exchanges are expected to open slightly lower. The Eurostoxx 50 opens at 3,527.79 points (+1.47%), the CAC 40 at 6,131.36 points (+1.59%), the DAX 40 at 13,052.96 points (+0.94%), the FTSE 100 at 7,013.48 points (-0.01%), the SMI at 10,595.53 points (+1.70%), the AEX at 653.54 points (+0.01%), the SMI at 10,595.53 points (+1.70%), the AEX at 653.54 points (+0.01%), the SMI at 10,595.53 points (+1.70%), the AEX at 653.54 points (+0.01%). 0.17%), the BEL 20 at 3,495.19 points (+1.35%), the IBEX 35 at 7,680.50 points (+1.79%), the DJIA at 31,836.74 points (+1.07%), the Nasdaq at 11,199.12 points (+2.25%), the S&P 500 at 3,859.11 points (+1.63%) and the Nikkei 225 at 27,285% 1.70 points (+1.14%).

With regard to exchange rates, the change from the close mentions that in New York EUR/USD is at 0.9955 (-0.13%), EUR/JPY at 147.52 (+0.05%) and USD/JPY at 148.20 (+0.18%).

With the publications of Carrefour, Thales, Accor, Unibail-Rodamco-Westfield, Atos, bioMérieux, Dassault Systèmes, Nexans, OVHcloud, Sodexo, Bureau Veritas, Soitec, Alten and Nexity, the quarterly earnings momentum continued today. Until now, Michelin had expected 1.2 billion euros, but Michelin lowered its cash flow forecast structural free flow for 2022 at 0.7 billion euros. In addition, the group confirmed its objective of a sectoral operating profit of more than 3.2 billion euros at constant exchange rates in 2022.

For the current year, Vinci confirmed its financial objectives after recording an increase in sales in the third quarter.

Luc Rémont, the candidate chosen by the President of the Republic to the post of CEO of the electricity company EDF, will also be heard by the Economic Affairs Committees of the National Assembly and the Senate, responsible for confirming his appointment.

As investors analyze a new wave of corporate results, namely those of Deutsche Bank, Mercedes-Benz Group, and Barclays, and wait in the United States for publications from Boeing and Meta Platforms, Facebook's parent company, at the end of the session, European equity markets are expected to show slight declines today

The FTSE 100 contract fell by 17 points, or 0.3%, while the DAX 40 contract fell by 11 points, or 0.1%. Similarly, the CAC 40 futures contract lost 9.4 points, or 0.2% at 7:35am, according to data from the IG Markets broker. After the close of Wall Street yesterday, markets will also react to the accounts unveiled by American tech giants Alphabet and Microsoft.

When advertisers cut their budgets sharply at the start of the health crisis, the growth generated in the third quarter was the weakest for the group since spring 2020. For its part, the mother of Google reported sales of $69.1 billion in the third quarter, up 6.1% year on year, less than expected by analysts.

After a further reduction in bond market borrowing rates, Wall Street continued to rise yesterday. At the opening, the Dow Jones Index (DJIA) held back by the recently welcomed results of the 3M conglomerate. But at the end of the session, it accelerated to finish up by 1.1%. The expanded S&P 500 index added 1.6% and the Nasdaq Composite, rich in technology stocks, rose 2.3%.

At the end of the trading session in Tokyo, the Nikkei index gained 0.9%, the Hang Seng gained 1.6% in Hong Kong. The Shanghai Composite is up 1%. The main indices are rising today in Asia.

Yesterday, US Treasury yields fell. While investors continue to readjust their expectations of changes in US policy rates, 10-year and 30-year securities have thus moved away from their highest levels since 2008 and 2011 respectively. According to CME Group's FedWatch tool, in December the market increasingly expects an increase of 50 basis points, or even only 25 basis points. However, it is still very likely that the Federal Reserve (Fed) will announce a 75 basis point rate hike next week. According to Jim Vogel, president of FHN Financial, rate expectations of 5.25% or even 5.5% have seriously declined since Friday, while futures indicate that investors expect rates to 5% by early 2023.

This morning, the dollar appreciated against the euro. According to CBA estimates, the gloomy economic outlook in the United States and the rest of the world should allow the US currency to continue to strengthen in the coming months. For Karl Schamotta of Corpay, the pound fell in parallel against the greenback this morning. “Now that [the new British Prime Minister] Rishi Sunak is in control, markets expect some return to normal in fiscal policy, which will ease pressure on the bond markets and allow the Bank of England to focus on fighting inflation,” he said.

Penalized by the gloomy economic outlook, oil futures are falling today. The Price Futures Group estimated that “Oil prices are bound to change little in the short term. Concerns about the global economy and interest rates remain important influencing factors,” as is the strength of the dollar, which is weighing on oil.

As winter arrives, “however, we will see an decorrelation between oil and the dollar because people will need oil,” he added. The December contract for light sweet crude (WTI) traded on Nymex fell 55 cents to $84.77 per barrel, while the North Sea Brent contract for the same term fell 81 cents to $92.71 per barrel.