After disappointing PMI indices in China, European stock markets are expected to fall. The Eurostoxx 50 opens at 4,291.58 points (-0.66%), the CAC 40 at 7,209.75 points (-1.29%), the DAX 40 at 15,908.91 points (-0.27%), the FTSE 100 at 7,522.07 points (-1.38%), the SMI at 11,282.45 points (-1.33%), the AEX at 756.67 points (-0.38%), the AEX at 756.67 points (-0.38%), the SMI at 11,282.45 points (-1.33%), the AEX at 756.67 points (-0.38%) 97%), the BEL 20 at 3,582.90 points (-1.61%), the IBEX 35 at 9,167.50 points (-0.14%), the DJIA at 33,042.78 points (-0.15%), the Nasdaq at 13,017.43 points (+0.32%), the S&P 500 at 4,205.52 points (0.00%), and the Nikkei 225 at 30,834,56 points (-1.58%

As for exchange rates, the change from the close mentions that in New York, EUR/USD is at 1,0697 (+0.03%), EUR/JPY at 149.59 (-0.32%), and USD/JPY at 139.85 (+0.03%).

On Wednesday, investors will take the pulse of the French economy with a series of economic indicators, including the final first-quarter gross domestic product (GDP) figures, the first estimate of inflation in May, and the D& Acute household consumption expenditure in April. The shareholders of Legrand, Publicis and Ipsen will meet at a general meeting. Bouygues announced that it had issued a bond issue for an amount of 1 billion euros yesterday evening

This Wednesday, after the release of disappointing Chinese manufacturing data and as investors wait to see if the political agreement to raise the U.S. debt ceiling can be implemented before the June 5 deadline, the European stock markets are expected to open lower on Wednesday. Data from the IG broker mentions that the FTSE 100 dropped 30 points, or 0.4%, the DAX 40 futures contract lost 75 points, or 0.5%, and the CAC 40 futures contract lost 37 points, or 0.5% around 7:35

In Asia, markets lost ground on Wednesday. At the end of the trading session in Tokyo, the Nikkei index fell 1.6%, the Shanghai Composite Index lost 0.8% and the Hang Seng on the Hong Kong Stock Exchange fell by 2.4%. The bill to raise the debt ceiling in the United States took the first step on Tuesday when it was approved by the House of Representatives Committee on Laws

Wall Street finished in a mixed order on Wednesday. The expanded S&P 500 index finished almost unchanged, the Dow Jones Index (DJIA) fell 0.2%, and the Nasdaq Composite gained 0.3%.

As concerns about a possible U.S. default have been allayed, U.S. Treasury bond yields fell on Tuesday. The fall in short-term bond yields was mainly due to the political agreement reached over the weekend to raise the US debt ceiling and to the relief of investors that a technical defect should not occur, according to Michael Arone, chief investment officer at State Street Global Advisors

For his part, Andrew Hollenhorst, Citi's chief economist for the United States, believes that his team expects the House of Representatives to vote after the close of Wall Street on Wednesday and that the Senate will pass the bill over the weekend. For Andrew Hollenhorst, “some progressive Democrats and conservative Republicans have indicated that they will vote against the bill, but party leaders will have anticipated the loss of

The euro is falling against the dollar in a climate of risk aversion, fuelled in part by the release of disappointing economic indicators in China. The single currency lost 0.3% to $1.0699 at 7:35 a.m

Oil futures fall after reports of a worsening contraction in manufacturing activity in China. According to Goldman Sachs, “since the start of the year, oil prices have fluctuated based on macroeconomic concerns and recession fears, often deviating from the underlying fundamentals that are slowly moving towards the deficits that we and the consensus anticipate for the second half of 2023.” The production cuts announced by the Organization of Petroleum Exporting Countries (OPEC) and its allies have had only a limited impact on prices. Operators will be closely watching the next OPEP+ meeting, scheduled for next weekend.

For Louis Navellier, investment director at Navellier Calculated Investing, the June 4 meeting should be “decisive.” Operators have been on guard since the Saudi energy minister warned short sellers last week. The July contract on light sweet crude (WTI) traded on Nymex lost 36 cents at $69.10 per barrel, while the August North Sea Brent contract lost 35 cents to $73.36 per barrel at 7:25am