European stock markets could continue to rise before a new set of economic indicators. The Eurostoxx 50 opens at 4,291.72 points (+1.41%), the CAC 40 at 7,185.68 points (+1.39%), the SMI at 10,715.73 points (+1.18%), the AEX at 758.15 points (+0.63%), the BEL 20 at 3,507.47 points (+1.80%), the IBEX 35 at 9,623.30 points (+1,623.30 points) 71%), the DJIA at 34,827.70 points (+1.43%), the Nasdaq at 14,094.38 points (+2.37%), the S&P 500 at 4,495.70 points (+1.91%) and the Nikkei 225 at 33,519.70 points (+2.52%

On the exchange rate side, the change compared to the close in New York indicates that EUR/USD opens at 1.0879 (-0.01%), EUR/JPY at 163.92 (+0.20%), and USD/JPY at 150.67 (+0.20%).

Investors will be watching the final October inflation figures on Wednesday. On the corporate side, Alstom and Soitec are publishing their half-year results, while Renault is organizing an investor day dedicated to Ampere, its future hub dedicated to electric vehicles. The airport operator Groupe ADP also presents its traffic figures

Credit insurer Coface published mixed results for the first nine months of 2023, in a context marked by the “slowing of inflation”, the “normalization of claims” and a drop in sales in the third quarter.

European equity markets could continue to rise on Wednesday morning, buoyed by a renewed appetite for risk after the announcement on Tuesday of below-expected inflation figures in the United States in October. These data have revived hope that the Federal Reserve (Fed) has completed its monetary tightening cycle

Investor morale could also be supported by the latest economic data from China, which shows slight signs of improvement in October, including a rebound in household spending.

Investors are now waiting for UK inflation figures in October, eurozone industrial production figures in September, and US producer prices and retail sales for October. Around 7:30am, the CAC 40 futures contract gained 12 points, or 0.2%, according to data from the broker IG. The DAX 40 contract gained 27 points, or 0.2%, and the FTSE 100 contract rose by 11 points

In China, consumption and industrial production improved in October, while investment slowed, suggesting a weakening in growth dynamics despite support measures adopted by Beijing.

Industrial production increased by 4.6% year on year, as in September. After this data, the main Asian markets rose on Wednesday. The Hang Seng Index jumped 3.3% at the end of the session in Hong Kong, while the Shanghai Composite Index rose 0.5%

The Tokyo Stock Exchange's Nikkei Index closed up 2.5%, despite reports of a contraction in Japan's gross domestic product (GDP) in the third quarter. The Japanese economy contracted by 0.5% in the quarter ending in September compared to the previous quarter, after growing by 1.1% in the quarter ending June. The economic contraction reached 2.1% on an annual basis

Consumer prices across the Atlantic remained unchanged over a month in October thanks to the fall in gas prices, according to data published on Tuesday. Excluding food and energy, the increase was 0.2% over one month and 4% over a year, the lowest level since September 2021. In this context, Wall Street continued to grow on Tuesday. The Dow Jones Index (DJIA) closed up 1.4%, the broader S&P 500 rose 1.9% and the Nasdaq Composite added 2.4%, recording its best session since April. This performance allowed the index, which is rich in technology stocks, to put an end to the correction sequence that has been ongoing for nearly three weeks.

U.S. Treasury bond yields fell on Tuesday after the release of below-expected U.S. consumer price data in October.

“Consumer price data confirms what everyone already knew: inflation is coming back down significantly. The question now facing the Fed is whether it continues to believe that it is necessary to hold the economy back to recession in order to completely defeat inflation. Hopefully not,” said Jamie Cox, a partner at Harris Financial Group.

The euro stabilized against the dollar on Wednesday morning after registering strong growth the day before in the wake of below-expected inflation figures in the United States. Around 7:30am, the euro was trading at its highest levels since August, around 1.0875 dollars. In 2024, central bank rate cuts and fiscal risks are among the main sources of uncertainty that currency markets will have to manage, say HSBC Research strategists

Oil futures rose on Wednesday, as weaker-than-expected inflation data in the United States, coupled with a depreciation of the dollar, prompted a renewed appetite for risk in commodity markets, ANZ reports. Around 7:20 a.m., the January North Sea Brent contract gained 43 cents, at $82.90 per barrel. The December contract for mild crude oil (WTI) listed on the Nymex was priced at 37 cents, at $78.63