Driven by a climate of caution, European equity markets should hesitate to open up. This Monday morning, the Eurostoxx 50 opened at 4,120.66 points (-0.04%), the CAC 40 at 6,622.87 points (-0.12%), the DAX 30 at 15,607.97 points (+0.12%), the FTSE 100 at 7,136.07 points (+0.37%), the SMI at 11,999.70 points (+0.05%), the AEX at 733.17 points (+0.37%) 4 points (+0.06%), the BEL 20 at 4,179.93 points (+0.73%), the IBEX 35 at 9,095.00 points (+0.23%), the DJIA at 34,433.84 points (+0.69%), the Nasdaq at 14,360.39 points (-0.06%), the S&P 500 at 4,280.70 points (+0.33%) and the Nikkei 225 at 29,006.85

The change in the exchange rate at 06:50 indicates a downward trend in all major currencies. EUR/USD opens at 1.1923 (-0.13%), EUR/JPY at 131.91 (-0.27%), and USD/JPY at 110.64 (-0.14%)

European stock markets should be cautious at the start of trading on Monday, as investors continue to assess the prospects for economic recovery given the new variants of the coronavirus. Possible tensions over the bipartite infrastructure agreement in the United States could also weigh on investor morale. Around 7:35 a.m., the CAC 40 futures contract gained 2.3 points, or 0.03%, according to data from broker IG Markets. The contract on the DAX 30 took 13 points, or 0.1%, and the one on the FTSE 100 won 2.5 points, or 0.04%. The day will be marked by the intervention of several central bankers, including Fabio Panetta, member of the Executive Board of the European Central Bank (ECB), who will deliver a speech on central banks on the front line in the face of Covid, and Luis de Guindos, the vice-president of the monetary institution, who will speak at the Euro Finance Summit in Frankfurt. The speech by Philadelphia Federal Reserve (Fed) Chairman Patrick Harker will also be monitored. The White House and Senate negotiators tried to keep the infrastructure deal on track Sunday, after its future was called into question when President Joe Biden indicated, before retracting, that he would veto the project if parliamentarians failed to pass a separate anti-poverty program supported by the Democrats. Several Republican senators who reached an infrastructure agreement with Democratic lawmakers and the president seemed reassured Sunday by statements by Joe Biden, who, the day before, had reversed his comments linking the fate of the approximately $1 trillion deal to a larger piece of legislation that could cost trillions

The New York Stock Exchange finished in a mixed manner on Friday with a decline in technology and a new record in the S&P 500 index, in a context of strengthened confidence in the global economic recovery and continued accommodative monetary policy. The S&P 500 index rose by 0.3% to reach its 31st record since the start of the year, at 4,280.70 points. On the other hand, the Nasdaq index ended slightly, by 0.06%, at 14,360.39 points, after its

In Asia, the main indices show a contrasting landscape on Monday. At the end of the session, the Nikkei index on the Tokyo Stock Exchange lost 0.2% and the Shanghai Composite fell 0.1%, while the Hang Seng Index advanced 1.4%

U.S. Treasury bond yields fell slightly on Monday morning, while Asian equity markets start the week cautiously. At 7 am, the yield on the ten-year Treasury security, the market benchmark, stood at 1.524%, compared to 1.528% on Friday evening. Yields rose last week and long-term debt yields registered their biggest weekly increase in months. On Friday evening, Boston Fed President Eric Rosengren said that the economy could reach the goals the central bank has set for itself by the end of 2022 to raise interest rates, currently between 0% and 0.25%, and reduce its asset purchases, which amount to $120 billion per month

The euro fell on Monday morning against the dollar and the yen. The greenback is also falling against the Japanese currency. The dollar will be subject to opposing influences this week, indicates CBA. The bank expects the ISM Manufacturing Index to show that activity continued to grow steadily in June. However, job creation below expectations for the third month in a row is the main risk for the dollar this week, CBA adds. Statistics on the current account balance in the United States could also pose a risk for the dollar, according to the bank.

Oil contracts fell slightly on Monday morning, due to new Covid-19 restrictions put in place in some Asian countries. At 7:25 a.m., the August North Sea Brent contract sold 7 cents, at $76.11 per barrel, and the contract with the same maturity on soft light crude (WTI) traded on Nymex lost 1 cent, at $74.04 per barrel. Oil futures gained ground last week, for the fifth week in a row.