Key Global Events

European stock markets down at the start of the session (-0.23% the Dax, -0.29% the Cac40, -0.28% the Ftse100 and -0.60% the Ftse Mib held back by the coupon detachment which weighs approximately 1.3%, and on Friday evening it received the confirmation of its "BBB" rating by Fitch with a stable outlook. Wall Street futures were also in the red (-0.35% on the Dow Jones and -0. 42% that on the S&P500), investors are looking at the minute Fed and the ECB.
Markets are concerned about the increase in Covid-19 cases in China. In several districts of Beijing, students are preparing to take classes online, after residents of some of the worst-affected areas are urged to stay at home, as cases of Covid in the Chinese capital and nationwide have increased.
Still sales on Bitcoin (-4%) and Ethereum (-7.91%). It is feared that the contagion effect, which could be unleashed by the effect of the FTX crack, is already underway.

Forex & Commodities

Oil slightly down, the January WTI contract drops 0.31% slightly below $80 a barrel, that of Brent with the same maturity 0.4% to 87.2 dollars. Gas prices drop 2.1% to 113 euros per megawatt hour.
In terms of currency, the euro weakens, but remains above parity with the greenback at 1.026 dollars (from 1.0319 on Friday). The euro/yen is at 144.554 (from 144.8) and the dollar/yen cross at 140.817.

Index – the Central Bank of China left the benchmark rate for one-year Chinese loans (LPR) unchanged at 3.65%. The central bank also conducted 3 billion yuan (about $421.02 million) in repurchase agreements to maintain liquidity in the banking system. Meanwhile, the Chinese stock exchanges closed negatively, Shanghai -0.39% Hang Seng -1.94%, only the Nikkei rose by 0.16%.

Key Macroeconomic Data

European stock markets down at the start of the session (-0.23% the Dax, -0.29% the Cac40, -0.28% the Ftse100 and -0.60% the Ftse Mib.

China - The Chinese central bank left the benchmark rate for one-year Chinese loans (LPR) unchanged at 3.65%.

EU – German producer price index fell by 4.2% in October. Expectations were for a rise of 0.9%. Even on an annual basis, the data fell short of market expectations.