(Updated with CAC 40 futures, closing in China, opening of
bond market in Europe, Alibaba, pound sterling)
    * European stock exchanges reported in the green
    * COVID-19 vaccination launched in Europe
    * Trump gives in to pressure and ratifies economic stimulus package
    * London and Brussels have reached a post-Brexit agreement
    * Dollar falls, euro and bond yields rise

by Laetitia Volga
    PARIS, Dec 28 (Reuters) - Europe's main stock exchanges are
expected to rise on Monday at the opening, investors returning from the break
christmas welcoming with relief the ratification of the recovery plan
Us by Donald Trump, the signing of a post-Brexit trade agreement
between Brussels and London and the launch of vaccination in Europe which
gives hope for a way out of the health and economic crisis.
    According to futures contracts, the Parisian CAC 40 could win
0.92% at the opening, the Dax in Frankfurt would advance by 1.19% and
the EuroStoxx 50 by 0.77%. The London Stock Exchange is closed due to
on a public holiday.
    After threatening to veto it, Donald Trump finally ratified
Sunday a budget package of 2.3 trillion dollars, backed by a plan
of recovery to deal with the pandemic, restoring the allowances of
unemployment of millions of Americans and thus avoiding the closure of
federal administrations.
    The President, who wanted to increase the direct aid paid to
individuals, reversed its decision to block the programme adopted on
last week by Congress after coming under pressure from lawmakers
on both sides.
    Post-Brexit suspense also ended after the conclusion
last Thursday of an agreement between the European Union and the United Kingdom on their
future trade relations a few days before the end of the
transition.
    In terms of health, Europe began on Sunday a campaign of
unprecedented vaccination, initially focused on people
seniors and caregivers, in order to contain the COVID-19 pandemic, which
gives hope for a way out of the health crisis and an acceleration of the
economic recovery.
    "Given the economic recovery from Japan, Europe and
of the United States, it is possible that the global economy will recover more
quickly than expected next year but this is based on the assumption that
vaccinations are going smoothly," Daiwa analysts wrote.
Securities in a note.
    
VALUES TO FOLLOW:
    The automotive sector, the raw materials sector or
also that of the banks, which are very sensitive to the prospects of recovery
economic, should open up. 
    
ON WALL STREET
    U.S. index futures suggest for the moment a
opening up around 0.5% to 0.7% after a slightly slightly-off session
progress Thursday at the end of a shortened session on the eve of the long weekend
of Christmas.
    The Dow Jones index gained 0.23% to 30,199.87 points, the S&P 500
 rose 0.36% to 3,703.26 points while the Nasdaq Composite
advanced 0.26% to 12,804.73 points. 
    Alibaba shares fell more than 13% after
the announcement by the Chinese authorities of the opening of an investigation against the
e-commerce giant for alleged monopolistic practices.

IN ASIA 
    The Nikkei on the Tokyo Stock Exchange ended up 0.74%, driven there
also by hopes of global recovery after the signing of the aid plan
U.S. and the deployment of COVID-19 vaccines.
    Mainland Chinese stock markets were supported by strong data
on industrial profits, which once again underline the recovery
continues the world's second largest economy.
    Profits of Chinese industrial enterprises rose 15.5 percent
in November at an annual rate of 729.32 billion yuan (91.4 billion yuan)
of euros).
    Mainland China's large-cap CSI 300 has
taken 0.44%.
    In Hong Kong, where the Hang Seng index fell 0.15%, Alibaba shares
 lost another 7.89%. The  People's Bank of China said Sunday
having asked the payment service giant, Ant Group, a subsidiary of Alibaba,
reorganize its credit activities.
    
RATES/EXCHANGE 
    Government bonds are neglected, reflecting a renewed appetite for
risk, with the key to an increase in yields: that of Treasury bills
US goes back to 0.9514% and its German equivalent advances
slightly around -0.545%.
    On the currency side, the greenback is down a little against a basket of
reference and the euro is trading above 1.22 dollars
    The pound is up slightly against the greenback at $1.3567 after
very briefly approached Thursday's high since May 2018, at 1.3619
dollar, after the post-Brexit agreement between London and Brussels.
    
PETROLEUM 
    On the oil market, the barrel of North Sea Brent fell 0.18%
to $51.2 and U.S. light crude (West Texas Intermediate, WTI)
 is stable at 48.22.
    
NO ECONOMIC INDICATORS ON THE AGENDA OF 28 DECEMBER 
     
THE SITUATION ON THE MARKETS:
    (Some data may lag slightly)
    
SCHOLARSHIPS                                                                        
 ASIAN                                                           
 Indices Last Var. points Var. % YTD                     
 Nikkei-225 26854.03 +197.42 +0.74% +13.52%                 
                                                                      
Topix 1788.04 +9.63 +0.54% +3.87%                  
 Hong Kong 26332.88 -53.68 -0.20% -6.59%                  
                                                                      
Taiwan 14483.07 +151.65 +1.06% +20.72%                 
 Seoul 2808.60 +1.74 +0.06% +27.80%                 
 Singapore 2841.49 -0.55 -0.02% -11.83%                 
                                                                      
Shanghai 3397.29 +0.72 +0.02% +11.38%                 
                                                                      
Sydney 6664.80 +21.70 +0.33% -0.29%                  
 The fence at                                                                    
 Tokyo:                                                              
                                                                                 
WALL STREET                                                                    
  The fence                                                                     
 Previous:                                                         
 Indices Last Var. points Var. % YTD                     
 Dow Jones 30199.87 +70.04 +0.23% +5.82%                  
                                                                      
S&P 500 3703.06 +13.05 +0.35% +14.62%                 
 Nasdaq 12804.73 +33.62 +0.26% +42.71%                 
 Nasdaq 100 12711.01 +57.87 +0.46% +45.55%                 
                                                                      
Details of the session in Wall                                                     
 Street:                                                             
 "The Day Ahead" - Update on the                                               
 next session on Wall Street                                       
                                                                                 
MARCHES                                                                        
 EUROPEAN                                                            
 Futures on the CAC 40 and on                                       
 EuroStoxx50                                                        
                                                                                 
Values to follow at                                                         
 Paris and Europe:                                                 
                                                                      
The session                                                                      
 Previous:                                                         
 Indices Closing Var. points Var. % YTD                     
 Eurofirst 300 1525.26 +2.20 +0.14% -6.08%                  
                                                                      
Eurostoxx 50 3543.28 +4.02 +0.11% -5.39%                  
                                                                      
CAC 40 5522.01 -5.58 -0.10% -7.63%                  
 Dax 30 13587.23 +169.12 +1.26% +2.55%                  
 FTSE 6502.11 +6.36 +0.10% -13.79%                 
 SMI 10411.92 +8.55 +0.08% -1.93%                  
                                                                                 
FOREIGN EXCHANGE                                                                        
                  Course Watch Var. % YTD                     
 Euro/Dlr 1.2223 1.2204 +0.16% +9.04%                  
 Dlr/Yen 103.48 103.48 +0.00% -4.94%                  
 Euro/Yen 126.49 126.23 +0.21% +3.72%                  
                                                                      
Dlr/CHF 0.8894 0.8889 +0.06% -8.10%                  
 Euro/CHF 1.0873 1.0854 +0.18% +0.19%                  
                                                                      
Stg/Dlr 1.3567 1.3548 +0.14% +2.32%                  
 Index $ 90,1010 90,3230 -0.25% -6.31%                  
                                                                                 
RATE                                                                           
                               Last Var.         Spread/Bund             
                                                             (pts)    
                                                                                 
Bund 10 years -0.5450 +0.0040                              
                                                                      
Bund 2 years -0.6970 -0.0180                              
                                                                      
OAT 10 years -0.3066 +0.0000 +23.84                  
                                                                      
Treasury 10 years 0.9514 +0.0210                              
                                                                      
Treasury 2 years 0.1209 +0.0000                              
                                                                      
OIL                                                                        
 (in dollars)     Previous course Var Var.% YTD
 US Light Crude 48.21 48.23 -0.02 -0.04% -21.24%
                                                                      
Brent 51.22 51.29 -0.07 -0.14% -22.43%