by Pauline Foret

(Reuters) – Wall Street is expected to rise, while European stock markets are trading in disarray at the dawn of an extremely busy week in corporate results, economic indicators and political events. New York index futures signal an opening on Wall Street higher, with futures contracts indicating an advance of 0.33% for the Dow Jones, 0.38% for the Standard & Poor’s-500 and 0.46 % for Nasdaq.

In Paris, the CAC 40 gained 0.13% to 7,507.60 points around 12:00 GMT. In Frankfurt, the Dax lost 0.19%, while in London, the FTSE 100 lost 0.26%.

The pan-European FTSEurofirst 300 index lost 0.17%, the EuroStoxx 50 of the euro zone 0.14% and the Stoxx 600 0.04%.

Although there are few economic indicators and corporate results on the agenda across the Atlantic this Monday, the rest of the week promises to be very busy.

Five of the “Magnificent Seven” will release their results this week, starting with Alphabet subsidiary Google on Tuesday, Microsft and Meta on Wednesday, then Amazon and Apple on Thursday.

After Tesla’s results last week, which sent the stock soaring more than 22%, traders are eager to see what the rest of the season has in store for them.

New data will also give markets more clues about the health of the US labor market, with the jobs report due on Friday.

U.S. inflation figures based on personal consumption expenditures (PCE) for September, which is the Federal Reserve’s preferred index for assessing U.S. economic health, are also due Thursday .

In Europe, markets are awaiting a speech from Luis de Guindos, vice-president of the European Central Bank, later today. VALUES TO FOLLOW AT WALL STREET

Apple will not be allowed to sell its iPhone 16s in Indonesia because they do not comply with the country’s rules regarding the use of locally sourced components, the Indonesian Ministry of Industry said.

Boeing intends to launch its program to raise more than $15 billion (13.87 billion euros) in capital on Monday, a source familiar with the matter told Reuters.

VALUES IN EUROPE

In Europe, Volkswagen lost 1.13% after announcing numerous layoffs and the closure of three factories in Germany.

Philips lost 17.61% after lowering its annual sales outlook on Monday, penalized by the drop in demand in China.

RATE

While the day promises to be calm in terms of economic indicators and investors await a flurry of results later in the week, bond yields are rising this Monday.

The yield on ten-year Treasuries gained 2.6 basis points to 4.2580%, and two-year treasuries gained 1.2 basis points to 4.1097%.

In Germany, data published on Friday from the Ifo index, which assesses the country’s economic health, on the other hand reversed the trend.

The yield on the ten-year German Bund, however, fell 0.9 basis points to 2.2810% and the two-year yield fell 2.5 basis points to 2.1220%.

CHANGES

Galvanized by the latest economic data in the United States and by speculation around the possibility of a victory for Donald Trump in next week’s presidential election, the dollar is stabilizing slightly after reaching peaks earlier in the day.

The dollar lost 0.04% against a basket of reference currencies.

The euro recovered some of its losses, gaining 0.21% to $1.0816.

OIL

Oil prices tumbled Monday after Israel’s weekend attack on Iran sidestepped the country’s oil and nuclear infrastructure, preventing disruptions to energy supplies.

Brent lost 5.71% to $71.71 per barrel and American light crude (West Texas Intermediate, WTI) lost 6.03% to $67.45.

THE SITUATION ON THE MARKETS

(Some data may have a slight lag)

(Written by Pauline Foret, edited by Augusitn Turpin)

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