Stocks should rebound at the open, but the war in Ukraine remains in focus. Subsequently, the Eurostoxx 50 opened at 3,651.39 points (-3.04%), the CAC 40 at 6,207.20 points (-2.83%), the DAX 40 at 13,442.10 points (-2. 93%), the FTSE 100 at 7,099.09 points (-1.27%), the SMI at 11,391.10 points (-0.89%), the AEX at 671.85 points (-2.39%) , the BEL 20 at 3,847.08 points (-0.97%), the IBEX 35 at 8,069.30 points (-1.15%), the DJIA at 32,944.19 points (-0.69%), the Nasdaq at 12,843.81 points (-2.18%), the S&P 500 at 4,204.31 points (-1.30%) and the Nikkei 225 at 25,307.85 points (+0.58%).

Regarding exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.0916 (+0.01%), EUR/JPY at 128.56 (+0.41%), USD/JPY at 117.78 (+0.38%).

On Sunday evening, the Banque de France announced that French economic growth should be affected by the repercussions of the war in Ukraine, which will lead to an acceleration in inflation. The central bank anticipates growth of between 2.8% and 3.4% this year, depending on the evolution of oil prices. Without the war in Ukraine, growth would have reached 3.9%, the Banque de France said. In this context and less than a month before the first round of the presidential election, investors will remain attentive to government announcements on prices. Prime Minister Jean Castex thus announced this weekend a discount of 15 cents per liter of fuel for motorists from April 1. This measure should last four months.

European equity markets are expected to open higher on Monday. However, their advance may be limited as investors assess the latest news from Ukraine and prepare for a busy macro week, including the Federal Reserve (Fed) monetary policy decision on Wednesday. At 7:40 a.m., the CAC 40 futures contract gained 69 points, or 1.1%, according to data from broker IG Markets. The contract on the DAX 40 gained 190 points, or 1.4%, and that on the FTSE 100 rose by 47 points, or 0.7%.

In Asia, equity markets are moving in scattered order on Monday. In Tokyo, the Nikkei index closed up 0.6%. At the end of the session, the Hang Seng fell by 3.8% on the Hong Kong Stock Exchange and the Shanghai Composite index lost 2%, penalized by the increase in Covid-19 cases in China and the containment measures introduced by Beijing. to contain the pandemic. Friday evening, Wall Street ended down after a further increase in oil prices. The Dow Jones Index (DJIA) lost 0.7% to 33,944.19 points, while the broader S&P 500 index lost 1.3% to 4,204.31 points. The Nasdaq index, rich in technology stocks, fell 2.2% to 12,843.81 points.

The yield on the 10-year US Treasury bond held firmly above 2% on Monday morning, continuing to rise for a sixth straight session ahead of the Fed's monetary policy announcements.

The euro changed little on Monday against the dollar, the war in Ukraine and the next meeting of the Fed weighing on the trend.

Oil prices fell by more than 2% on Monday, penalized in particular by the increase in the number of cases of Covid-19 in China, where millions of people are confined, indicates ING. By 7:30 a.m., the May contract for Brent North Sea crude was down $3, or 2.7%, at $109.67 a barrel, while the April contract for light sweet crude (WTI) quoted on the Nymex was down $3.11, or 2.8%, at $106.22 a barrel.