In Europe, stock markets are expected to open higher, with attention focused on the Fed. The Eurostoxx 50 opens at 4,119.42 points (+1.34%), the CAC 40 at 7,013.14 points (+1.27%), the DAX 40 at 14,933.38 points (+1.12%), the FTSE 100 at 7,403.85 points (+0.93%), the SMI at 10,643.64 points (+0.28%), the AEX at 29.05 points (+0.92%), the SMI at 10,643.64 points (+0.28%), the AEX at 29.05 points (+0.92%)), the BEL 20 at 3,630.99 points (+0.78%), the IBEX 35 at 8,833.10 points (+1.31%), the DJIA at 32,244.58 points (+1.20%), the Nasdaq at 11,675.54 points (+0.39%), the S&P 500 at 3,951.57 points (+0.89%), and the Nikkei 225 at 26,945.57 points 67 points (-1.42%).

In terms of exchange rates, the change from the close mentions that in New York, EUR/USD at 1.0715 (-0.07%), EUR/JPY at 140.63 (-0.12%), and USD/JPY at 131.26 (-0.05%).

TotalEnergies' annual “Strategy, Sustainability & Climate - 2023" report will be presented today. This report details the progress of the transformation strategy made in 2022 and updates the energy group's climate ambition. After the rejection of the motions of no confidence against the government on Monday evening and the adoption of the pension reform, political and social tensions will also be monitored.

As part of the Wall Street rebound on Monday night, European equity markets are expected to open slightly higher on Tuesday.

Investors' concerns about the banking sector are abating and their attention is turning to the US Federal Reserve's (Fed) monetary policy decision.

Data from the IG broker mentions that the CAC 40 futures contract gained 39 points, or 0.6%, while the DAX 40 futures contract gained 106 points, or 0.7%. The FTSE 100 contract increased by 25 points, or 0.3%.

This week, Fed Chairman Jerome Powell and his colleagues will have to make one of the most difficult decisions in years. That of raising interest rates to fight stubbornly high inflation or to take a break in the face of the most intense banking crisis since 2008. The decision is likely to depend in part on how markets deal with the forced marriage of Swiss banking giants UBS and Credit Suisse, as well as other measures to allay fears of contagion in the banking system.

On Monday, Wall Street closed higher, welcoming the rescue of Credit Suisse over the weekend and the concerted action of major central banks to avoid a destabilization of the financial system. The Nasdaq Composite added 0.4%, the S&P 500 broad-based index gained 0.9%, and the Dow Jones Index (DJIA) gained 1.2%. European investors will be watching out for the ZEW leading economic indicator in Germany on Tuesday.

For their part, the President of the European Banking Authority (EBA), José Manuel Campa, and the Chairman of the Supervisory Board of the European Central Bank (ECB), Andrea Enria, will participate in an exchange of views in the European Parliament ; and on the bankruptcy of Silicon Valley Bank (SVB) in the United States and its consequences for financial stability in Europe.

Asian markets are picking up again this Tuesday. The Shanghai Composite gained 0.5%, while the Hang Seng Index gained 1% at the end of the trading session in Hong Kong. This Tuesday, the Tokyo Stock Exchange is closed for a holiday in Japan.

US Treasury bond yields are rising. Traders are focusing on the probability that the Federal Reserve (Fed) will raise interest rates again on Wednesday, despite concerns about the banking sector.

While investors' attention remains focused on the banking sector and the Federal Reserve's upcoming decision, the dollar appreciated this morning against other major currencies including the euro. However, the single currency remained above the $1.07 threshold and was trading at $1,0705, down 0.2% at 7:40 a.m. After the rise on Wall Street on Monday, market sentiment seems to be improving. Immediate concerns about the international financial system are disappearing according to MUFG Bank.

May's Nymex-listed sweet crude (WTI) contract lost 62 cents to $67.20 per barrel, while the North Sea Brent contract of the same maturity fell 71 cents to $73.08 per barrel.