by Claude Chendjou

PARIS (Reuters) – The main European stock markets are expected to rise slightly on Monday while the week will be marked by the publication of numerous macroeconomic indicators, including inflation figures in the euro zone and the United States.

According to the first available indications, the Parisian CAC 40 should gain 0.52% at opening. The Dax in Frankfurt could advance 0.51%, while the FTSE 100 in London should gain 0.17%. The EuroStoxx 50 index is expected to increase by 0.57% and the Stoxx 600 to increase by 0.48%.

Today’s session does not include any major economic indicators, but on Tuesday the market will take note of the Jolts survey on job offers in the United States before the publication on Friday of the official monthly report on the labor market.

Consumer price figures in Germany, France and across the currency bloc will also be released this week, while the PCE price index, the US Federal Reserve’s preferred measure of inflation, is due on Thursday , as the central bank’s monetary policy decision approaches. Retail sales, gross domestic product and the unemployment rate in some eurozone countries are also among the indicators on the week’s agenda.

The uncertainties linked to the presidential election should also lead to some volatility, while on the results side, very large capitalization technology giants, including Alphabet, Apple and Microsoft are expected during the week.

A WALL STREET

The New York Stock Exchange ended in disarray on Friday awaiting financial results from large companies.

The Dow Jones index fell 0.61%, or 259.96 points, to 42,114.40 points.

The broader Standard & Poor’s 500 lost -1.74 points, or -0.03% to 5,808.12 points.

The Nasdaq Composite advanced 103.12 points, or 0.56%, to 18,518.606 points.

The Nasdaq finished higher, driven by mega-caps. Nvidia’s capitalization briefly overtook that of Apple at the top of the ranking of the most valuable stocks in the world.

IN ASIA

On the Tokyo Stock Exchange, the Nikkei index ended with a gain of 1.82% to 38,605.53 points. The broader Topix gained 1.51% to 2657.78 points.

On the political level, the coalition in power in Japan lost its absolute majority in the lower house of Parliament following the legislative elections which took place on Sunday in the archipelago.

In China, the Shanghai SSE Composite increased/declined by {.SSEC;ABS(PCTCHNG:2)}% and the CSI 300 increased/declined by {.CSI300;PCTCHNG}%, the indices being driven by XXX.

VALUES TO FOLLOW IN EUROPE:

EXCHANGES/RATES

The yen hit its lowest level against the dollar in three months on Monday as Japan’s ruling party lost its parliamentary majority.

The dollar advances by 0.13% against a basket of reference currencies, after

The euro gained 0.06%, to 1.0797 dollars.

The yield on ten-year US Treasury bonds rises by almost 5 basis points, to 4.2801% and its German equivalent rises 4.5 points, to 2.335%.

OIL

Oil falls thanks to a respite in the Middle East: Brent falls by 4.1% to 72.94 dollars per barrel and American light crude (West Texas Intermediate, WTI) by 4.35% to 68.66 dollars.

NO MAJOR ECONOMIC INDICATOR ON TODAY’S AGENDA

(Written by Claude Chendjou)

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