by Blandine Henault

PARIS (Reuters) – The main European stock markets are expected to rise slightly on Tuesday at the opening, ahead of numerous economic indicators in the euro zone and central bank meetings.

According to the first available indications, the Parisian CAC 40 could gain 0.23% at opening. Futures contracts report an increase of 0.22% for the Dax in Frankfurt, 0.09% for the FTSE in London and 0.14% for the STOXX 600.

On Monday, European indices ended higher, benefiting in particular from inflation and growth figures in Germany, which showed a slowdown in price increases in October and economic activity less gloomy than expected.

Investors will have new data to digest this Tuesday including the first estimates of GDP for the third quarter and inflation for October in France, before those for the euro zone later in the morning.

In China, manufacturing activity contracted unexpectedly in October, according to the official PMI.

Market operators are also awaiting monetary policy decisions from the Federal Reserve (Fed) on Wednesday and the Bank of England (BoE) on Thursday, after that of the Bank of Japan which announced on Tuesday a further easing of its monetary policy. control of the yield curve.

A WALL STREET

The New York Stock Exchange ended sharply higher on Monday, at the start of a week that promises to be eventful with a wave of quarterly results, economic data and the Fed meeting.

The Dow Jones index gained 1.58% to 32,928.96 points. The broader S&P-500 gained 1.20% to 4,166.82 points. For its part, the Nasdaq Composite advanced 1.16% to 12,789.48 points.

Futures contracts on the three indices are currently reporting a slight decline at the opening.

IN ASIA

The Tokyo Stock Exchange ended up 0.53% after the BoJ’s announcements which benefited the banking sector (+2.21%).

In China, the indices are weighed down by the disappointment in the manufacturing PMI which favors profit taking after five consecutive sessions of increase. The CSI 300 of large caps from mainland China fell 0.29%.

EXCHANGES/RATES

The yen weakened against the dollar after announcements from the BoJ which, despite the new adjustment on the yield curve, maintained its ultra-accommodating policy, dashing hopes of a more pronounced turnaround.

The Japanese currency lost 0.73% against the greenback, at 150.19 yen per dollar.

The yield on ten-year Japanese government bonds rose six basis points, to 0.951%, to its highest level in ten years.

Against a basket of reference currencies, the dollar gained 0.2% while the yield on ten-year Treasuries changed little, at 4.8838%.

OIL

Crude prices are increasing after falling by more than 3% the day before, with fears about supply linked to the conflict in the Middle East offsetting concerns about demand after the Chinese PMIs.

The barrel of Brent gained 0.74% to 88.1 dollars and that of American light crude (WTI) gained 0.9% to 83.05 dollars.

(Written by Blandine Hénault)

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