Equity markets are expected to rise while oil is at its highest in three years. The Eurostoxx 50 opened at 4,158.51 points with a drop of 0.87%, the CAC 40 at 6,638.46 points (-0.95%), the DAX 40 at 15,331.75 points (-0.72 %), the FTSE 100 at 7,051.48 points (-0.38%), the SMI at 11,817.20 points (-1.02%), the AEX at 791.45 points (-1.14%), the BEL 20 at 4,138.92 points (-0.80%), the IBEX 35 at 8,873.10 points (-0.04%), the DJIA at 34,798.00 points (+0.10%), the Nasdaq at 15,047.70 points (-0.03%), the S&P 500 at 4,455.48 points (+0.15%) and the Nikkei 225 at 30,246.07 points with a drop of 0.01%.

As for FX, the change from the New York close shows EUR/USD opening at 1.1722 up 0.01%, EUR/JPY at 129, 62 (-0.12%) and USD/JPY at 110.57 down 0.16%.

TotalEnergies is organizing an investor day on Monday. Investors will also react to the earnings warning issued Friday evening by Plastic Omnium, in order to take into account the acceleration of the semiconductor crisis which "is now reflected in a sharp revision in global automotive production". The automotive supplier has announced that it expects “growing” turnover, instead of the “strong rebound” previously anticipated. Plastic Omnium is now counting on an operating margin of between 4% and 5% of sales, against a margin of at least 6% previously expected.

European equity markets are expected higher on Monday at the open. Energy stocks will take center stage after oil prices hit three-year highs. At 7:40 a.m., the CAC 40 futures contract gained 37 points, or 0.6%, according to data from broker IG Markets. The contract on the DAX took 92 points, or 0.6%, and that on the FTSE 100 won 46 points, or 0.7%.

On Wall Street, the main stock indices ended in mixed fashion on Friday, investors hesitant in the face of rising bond yields and lingering uncertainties about the future of the over-indebted Chinese real estate group Evergrande. The Dow Jones Index (DJIA) ended up 0.1% to 34,797 points. The broader S&P 500 index rose 0.2% to 4,455 points. The Nasdaq Composite index, rich in technology stocks, fell 0.03% to 15,047.70 points. In Asia, the markets evolve in a dispersed order. At the end of the session, the Nikkei index of the Tokyo Stock Exchange lost 0.1%. The Shanghai Composite index fell 0.9%, while in Hong Kong, the Hang Seng gained 0.3%. Monday at the Hong Kong Stock Exchange, the title Evergrande Auto plunged 13.9%.

Yields on US Treasury bonds changed little on Monday morning. At 7:40 a.m., the ten-year Treasury bond rate, the market benchmark, stood at 1.447%. According to DZ Bank, the potential for yield upside over the next three months will be limited, despite the likely timing of tapering Fed asset purchases.

The euro rose slightly against the dollar on Monday. According to the CBA bank, the outcome of Sunday's legislative elections in Germany should not lead to high volatility in the euro. But looking beyond the short term, the likelihood that the next Chancellor will be more left-wing than Angela Merkel suggests that Germany's fiscal stance could become less of a drag on the economy in coming years than anticipated. currently. The euro would eventually benefit, believes CBA. The bank adds that the most likely scenarios at this stage are those of a coalition on the left, allying the SPD and the Greens in particular, or a broader coalition, led by the SPD and also including the CDU.

Oil prices continued to rise on Monday morning, as supply tensions led to a reduction in black gold inventories in all regions of the world, notes ANZ. Prices are now at their highest levels in three years. The rise in natural gas prices has encouraged the use of oil to produce energy, the bank adds, which is supporting crude prices. To contain this rise in oil prices, China has started auctioning barrels from its strategic reserves. At 7:30 a.m., the November contract on Brent from the North Sea sold for 1.01 dollars, at 79.10 dollars a barrel. That of the same maturity on light sweet crude (WTI) listed on the Nymex also took 1.01 dollars, at 74.98 dollars a barrel.