Paris (Reuters) -The main European scholarships are expected to increase at the opening on Monday, except London, at the dawn of one week in charge of monetary policy decisions.

The term contracts suggest an opening up 0.27% for the Parisian CAC 40, against a decline of 0.02% for the FTSE in London, a 0.34% push for the Dax in Frankfurt, and a revaluation of 0.20% for the Stoxx 600.

Investors are preparing on Monday for a rich week in terms of monetary policy decisions after the status quo adopted by the European Central Bank (ECB) last Thursday.

Christine Lagarde, president of the ECB, will participate this evening in a conference of the Montaigne Institute called “Conversations for tomorrow”.

After having left its unchanged rates nine months, the American Federal Reserve (Fed) should lower its main guiding rates at the end of its meeting on September 16 and 17 with a gloomy job market and low inflation.

The term contracts show that the markets integrate with almost certainty that the rates of federal funds, currently in a range of 4.25%-4.50%, will drop by a quarter of a point next week, while the probability of a reduction of 50 points is around 10%.

During the week will follow the monetary policy decisions of the Bank of Japan (BOJ) and the Bank of England (BOE) or the Bank of Norway.

In Europe, Fitch lowered France’s long-term credit note on Friday to A+, against AA- previously, the rating agency stressing that the increase in public debt limits the country’s ability to react to new shocks without aggravating the situation of public finances.

The values ​​to follow: [L5N3UZ13L]

A Wall Street

The New York Stock Exchange ended in order dispersed Friday after its day before, with an increased NASDAQ thanks to Microsoft and Tesla as well as to reinforced hopes for a drop in the rates of the Federal Reserve (Fed).

The Dow Jones index sold 0.59%, or 273.78 points, to 45,834.22 points.

The larger Standard & Poor’s 500 lost 3.18 points, or 0.05%, to 6,584.29 points.

The Nasdaq Composite won 98.03 points, or 0.45%, at 22,141,103 points.

Tesla jumped 7.35% after a declaration by the president of her board of directors, Robyn Denholm, minimizing the impact of Elon Musk’s political activity on sales of the electric vehicle manufacturer and ensuring that the CEO is now fully back to business. The Tesla action remains down approximately 2% in 2025.

In Asia

The Japan Stock Exchange is closed for a holiday.

Chinese and Hong Kong actions are on the rise on Monday despite the publication of less good economic indicators than expected during the opening of the session, investors focusing on Chinese technological values ​​in the context of Sino-American trade negotiations and as an expected drop in American rates this week.

The Hong Kong Hang Seng index increased by 0.17%, the SSE Composite of Shanghai is Stbale, the CSI 300 scored an increase of 0.21%.

Retail sales in August increased by 3.4% in China while the economists interviewed by Reuters expected 3.9% while industrial production increased by 5.2% over the period, much less than the 5.7% expected.

RATE

American yields are slightly increasing on Monday.

Treasury’s yield at ten years takes 2 bp to 4.0796%, while the two -year title yield increased from 1 bp to 3.568%.

The yield of German ten years fell 0.08 bp to 2.7062%, that of the rate at two years lost 0.1 pb to 2.0118%.

Changes

The dollar is rather stable on Monday before the opening of the Fed monetary policy meeting on Tuesday.

The dollar earns 0.07% against a basket of reference currencies, the euro crosses 0.06% to 1.1726 dollars, and the pound sterling increased from 0.4% to 1.3,562 dollars.

In Asia, the Yen declines 0.09% to 147.52 yen for a dollar, the Australian dollar took 0.17% to 0.66660 dollars.

OIL

Oil prices are on the rise on Monday with Ukrainian attacks on Russian refineries that could weigh on the offer.

Brent increased by 0.66% to 67.44 dollars per barrel, the light American crude (West Texas Intermediate, WTI) gained 0.73% to 63.15 dollars.

Main economic indicators at the September 15 agenda:

Pays GMT indicator previous consensus period

EZ 9:00 am commercial balance July 7 billion

USA 12:30 p.m. Empire State September 5.00 11.90

(Written by Bertrand de Meyer, edited by Augustin Turpin)

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