European stocks should rise in the wake of Wall Street and Asia. The Eurostoxx 50 opens at 4,147.50 points with an increase of 0.55%, the CAC 40 at 6,626.11 points (+0.31%), the DAX 30 at 15,808.04 points (+0.27 %), the FTSE 100 at 7,087.90 points (+0.41%), the SMI at 12,415.66 points (+0.10%), the AEX at 771.41 points (+0.73%), the BEL 20 at 4,277.34 points (+0.10%), the IBEX 35 at 8,915.30 points (+0.15%), the DJIA at 35,120.08 points (+0.65%), the Nasdaq at 14,714.66 points (+1.19%), the S&P 500 at 4,441.67 points (+0.81%) and the Nikkei 225 at 27,517.05 points with an increase of 1.86%.

On the exchange rate side, the variation from the close in New York indicates a bullish trend. The EUR/USD appears at 1.1722 up 0.18%, the EUR/JPY at 128.78 (+0.26%) and the USD/JPY at 109.87 with an increase of 0.08%.

European equity markets should continue to rise on Monday, in the wake of the rise in Asian stock markets and the positive closing on Wall Street. Around 7:40 am, the futures contract on the CAC 40 gained 52.5 points, or 0.8%, according to data from broker IG Markets. The contract on the DAX 30 gained 112.5 points, or 0.7%, and that on the FTSE 100 gained 42.2 points, or 0.6%. The market will be attentive Monday to the provisional PMI indices of the euro zone, Germany, France and the United Kingdom for the month of August. He will then look at the PMI indices of the United States and the July figures on sales of old homes across the Atlantic. Investors will await more details on the US Federal Reserve's (Fed) plan to reduce bond purchases at the virtual meeting in Jackson Hole this week. This meeting will begin on Thursday and Jerome Powell will speak on Friday.

The New York Stock Exchange regained ground on Friday, after being held back this week by concerns about the health situation and the possible reduction in support from the Federal Reserve (Fed) for the economy. This rebound limited the decline of the Dow Jones over the whole week to 1.1%, and that of the S&P 500 to 0.6%. The Nasdaq lost 0.7% last week. The indices reacted well on Friday to the statements of the President of the Federal Reserve of Dallas, Robert Kaplan, who indicated that the reduction of the monetary support measures of the central bank could be postponed if the health situation does not improve. In Asia, equity markets gained ground on Monday morning. At the end of the session, the Shanghai Composite rose by 1.1%, the Hang Seng index took 1.7% in Hong Kong and the Nikkei index of the Tokyo Stock Exchange gained 1.9%.

U.S. government bond yields continue to rise on Monday morning, after posting their biggest one-day rise in more than a week on Friday, on signals that the Fed is on track to start reducing its monetary support during the year. At 7:35 a.m., the rate of the 10-year benchmark loan gained more than 1 basis point, to 1.272%. Yields nevertheless ended the week with their biggest pullback in three weeks, as the restrictive tone of the Fed minutes prompted some analysts to change their tapering forecast to expect a late 2021 start. Some investors are betting on the fact that the next Fed conference in Jackson Hole will not lead to major movements in the market.

The euro rose Monday morning against the dollar and the yen, while the greenback gained some ground against the Japanese currency. The dollar and the yen are suffering from a renewed risk appetite sparked by the rise in Asian equity markets and Robert Kaplan's statements on Friday. The central banker's remarks had a less restrictive tone than at the beginning of the month, underlines IG. Market participants could thus be reassured that the Fed will maintain its monetary support for longer if the spread of the Delta variant continues and penalizes the economic recovery.

Oil prices are up on Monday morning, recovering much of the ground abandoned on Friday, buoyed by hopes of a recovery in demand once the coronavirus health crisis ends. Despite the recent decline in black gold prices, whose market was close to tipping into bearish territory, a trend reversal seems close, assures Oanda. The financial intermediary adds that the fundamentals will play in favor of strong demand when most countries have emerged from the last wave of contamination by the Delta variant of the coronavirus. As of 7:30 a.m., the October North Sea Brent contract was up $1.22, at $66.40 a barrel. The October contract on Nymex-listed light sweet crude (WTI) rose $1.15 to $63.29 a barrel.