Equity markets expected to rise, Evergrande trading suspended in Hong Kong. The Eurostoxx 50 opened at 4,035.30 points (-0.32%), the CAC 40 at 6,517.69 points (-0.04%), the DAX 40 at 15.156.44 points (-0.68%), the FTSE 100 at 7,027.07 points (-0.84%), the SMI at 11,575.37 points (-0.58%), the AEX at 766.69 points (-0.68%), the BEL 20 at 4.137.31 points (-0.52%), the IBEX 35 at 8,799.50 points (+0.04%), the DJIA at 34,326.46 points (+1.43%), the Nasdaq at 14.566.70 points (+0.82%), the S&P 500 at 4,357.04 points (+1.15%) and the Nikkei 225 at 28,484.32 points down 1.00%.

In terms of exchange rates, the change from the close in New York shows EUR/USD at 1.1597 (+0.03%), EUR/JPY at 128.76 (-0.01%) and USD/JPY at 111.05 down 0.02%.

European equity markets are expected to open slightly higher on Monday, following Wall Street's gain on Friday. However, the trend could quickly turn around as Asian markets move sharply lower after the suspension of the listing of troubled Chinese property developer China Evergrande Group on the Hong Kong Stock Exchange. At 7:40 a.m., the CAC 40 futures contract was up 26 points, or 0.4%, according to data from broker IG Markets. The DAX contract was up 41 points, or 0.3%, and the FTSE 100 contract was up 28 points, or 0.4%. Shares in troubled Chinese conglomerate China Evergrande Group and its property services subsidiary Evergrande Property Services Group were suspended on the Hong Kong Stock Exchange on Monday.

Most Asian indexes declined on Monday. At the end of the session, the Nikkei index of the Tokyo Stock Exchange lost 1.1% and the Hang Seng index of the Hong Kong Stock Exchange gave up 2%. Mainland Chinese markets are closed for the "golden week" corresponding to the National Day. In the U.S., Democrats, seeking to rally around a sweeping social policy and climate bill, are considering two different approaches to reducing its overall cost: eliminating the proposed programs entirely or reducing their duration. On Friday, Wall Street closed in the green, recovering from its worst month since March 2020 in September. Investors welcomed the progress made by the Merck laboratory to develop a treatment against Covid-19, while monitoring the tense debates in Congress on raising the U.S. debt ceiling and on infrastructure plans. The Dow Jones Industrial Average (DJIA) gained 1.4 percent to 34,326.46 points, after falling 1.6 percent the previous day. The broader S&P 500 index closed up 1.2% at 4,357.04 points, and the Nasdaq Composite rose 0.8% to 14,566.70 points.

U.S. Treasury yields edged higher Monday morning, after posting their biggest one-session decline in months on Friday, as bond investors shrugged off statistics showing U.S. inflation hit a 30-year high. At 7:40 a.m., the yield on the 10-year Treasury note, the market's benchmark security, was up 1.1 basis points at 1.475%.

The euro was up slightly Monday morning against the dollar, hovering around the $1.1600 mark.

Oil contracts are little changed Monday morning before a new meeting of the Organization of the Petroleum Exporting Countries (Opec) and its allies, which could see the cartel increase its production of black gold more than the 400,000 barrels per day currently planned. At 7:30 a.m., the December contract for North Sea Brent crude was down 4 cents at $79.24 a barrel. The November contract for Nymex-listed light sweet crude (WTI) was down 6 cents at $75.82 a barrel.