European stocks are expected to open higher, comforted by the prospect of a Biden-Putin summit. The Eurostoxx 50 opens at 4,074.28 points (-0.95%), the CAC 40 at 6,929.63 points (-0.25%), the DAX 40 at 15,042.51 points (-1.47%) , the FTSE 100 at 7,513.62 points (-0.32%), the SMI at 12,010.09 points (-0.54%), the AEX at 744.89 points (-0.84%), the BEL 20 at 4,045.10 points (-0.60%), the IBEX 35 at 8,590.00 points (-0.94%), the DJIA at 34,079.18 points (-0.68%), the Nasdaq at 13,548, 07 points (-1.23%), the S&P 500 at 4,348.87 points (-0.72%) and the Nikkei 225 at 26,910.87 points (-0.78%).

On the exchange rate side, the variation compared to the close in New York indicates that the EUR/USD opens at 1.1363 (+0.36%), the EUR/JPY at 130.62 (+ 0.30%) and USD/JPY at 114.96 (-0.07%).

Investors will be watching on Monday for the first estimate of PMI indices for the manufacturing and services sector in France in February. On the business side, the results season continues, with the annual accounts of Faurecia and Icade. Vivendi having announced on Friday that it planned to raise its takeover bid (OPA) for the media group to 25.50 euros, "Vivendi's final decision on the terms of its public offer will be taken by its management board and rendered public on February 21, 2022, the date also envisaged for its filing", indicated the group.

European equity markets are expected to open higher on Monday, reassured by the announcement of an upcoming summit between US President Joe Biden and his Russian counterpart, Vladimir Putin, to ease tensions over the Ukraine. At 7:45 a.m., the CAC 40 futures contract gained 58 points, or 0.8%, according to data from broker IG Markets. The contract on the DAX 40 rose 108 points, or 0.7%, and that on the FTSE 100 took 27 points, or 0.4%.

Wall Street, which will remain closed on Monday due to a public holiday in the United States, continued its decline on Friday, as investors remained on the defensive in the absence of tangible progress in resolving the Ukraine crisis. The Dow Jones Index (DJIA) closed down 0.7% to 34,079.18 points, and the broader S&P 500 index fell 0.7% to 4,348.87 points. The Nasdaq Composite fell 1.2% to 13,548.07 points. In Asia, the main indices are moving in the red on Monday. The Nikkei index closed down 0.8% in Tokyo. At the end of the session, the Hang Seng index of the Hong Kong Stock Exchange dropped 0.9%, while the Shanghai Composite yielded 0.2%. In addition to the evolution of the Ukrainian crisis, investors will be attentive on Monday to the PMI indices for February in the euro zone.

The yield on the 10-year US Treasury bond, the market's benchmark security, ended at 1.928% on Friday. The US bond market is closed on Monday, due to a holiday in the United States. The US short-term yield curve flattened last week, a sign that investors may be anticipating a slower tightening of monetary policy, Tradeweb said.

The euro rose against the dollar and the yen on Monday morning, the prospect of a meeting between Joe Biden and Vladimir Putin strengthening the appetite for risky assets. The greenback lost some ground against most major currencies last week as minutes from the last Federal Reserve (Fed) meeting caused the market to revise its expectations for a tightening down. monetary policy and risk appetite have fluctuated with tensions between Russia and Ukraine, says Joseph Marlow of Capital Economics.

Oil futures fell on Monday, after the announcement of an agreement in principle on a summit between Joe Biden and Vladimir Putin. A war between Russia and Ukraine could push oil prices above $100 a barrel, analysts have warned. The operators are also focusing on the evolution of the Iranian nuclear negotiations, indicates CBA.