European stock markets should hesitate before American GDP figures. The Eurostoxx 50 opened at 4,885.74 points (+0.44%), the CAC 40 at 7,948.40 points (+0.23%), the DAX 40 at 17,556.49 points (+0.76%), the FTSE 100 at 7,683.02 points (+0.44%), the CAC 40 at 7,683.02 points (-0.02%), the SMI at 11,440.45 points (-0.11%), the AEX at 852.98 points (+0.76%), the FTSE 100 at 7,683.02 points (-0.02%), the SMI at 11,440.45 points (-0.11%), the AEX at 852.98 points (+0.76%), the FTSE 100 at 7,683.02 points (-0.02%), the SMI at 11,440.45 points (-0.11%), the AEX 0.01%), the BEL 20 at 3,696.65 points (+0.31%), the IBEX 35 at 10,113.80 points (-0.24%), the DJIA at 38,972.41 points (-0.25%), the Nasdaq at 16,035.30 points (+0.31%), the S&P 500 at 5,078.18 points (+0.17%), the Nikkei 225 at 39,208.03 points (-0.08%)

As for exchange rates, the change from the close indicates that in New York, EUR/USD is 1.0829 (-0.16%), EUR/JPY at 163.11 (-0.08%), EUR/JPY at 163.11 (-0.08%), USD/JPY at 150.63 (+0.08%).

Credit insurer Coface published generally stable results for its 2023 financial year on Tuesday evening, but its business stalled at the end of the year with the slowdown in the global economy and inflation. The season of periodical corporate publications continues on Wednesday with the annual results of Eiffage, Worldline, Interfragrances, Clariane, Euroapi, Neoen, Neoen, Nexity and Wendel. For its part, Elior convenes its shareholders at a general meeting

At the opening, European equity markets are expected to change little on Wednesday. Investors are opting for caution before the publication of key economic indicators in the United States and the eurozone at the end of the week. The FTSE 100 futures contract advanced 5.7 points, or 0.07%, according to IG, while the DAX 40 contract rose 9.4 points, or 0.05%. The one on the CAC 40 lost 1.3 points, or 0.02%, according to data from the broker IG.
Attention will turn tomorrow to the publication in the United States of the PCE index, the Federal Reserve's (Fed) preferred inflation measure, for January, and then to the publication, on Friday, of the Eurozone consumer price index. This data could provide insight into the timing of future rate cuts. Operators have significantly downgraded their expectations for short-term interest rate cuts since the beginning of 2024. The CME FedWatch tool indicates that the first monetary easing is now expected in June, not in March or May. The probability of a first rate cut of 25 basis points in June is currently 51.3%

Asian markets are not changing much this Wednesday. In Hong Kong, the Hang Seng lost 1.1% at the end of the session and the Shanghai Composite Index lost 0.6%. In Tokyo, the Japanese Nikkei index ended down 0.1%.

This morning, US Treasury bond yields are falling as investors await new data this week that could help determine the trajectory of Fed monetary policy. At 7:30am, the 10-year Treasury bill rate, the market reference security, stood at 4.289%, against 4.301%

This morning, the euro fell against the dollar, while investors were less and less betting on an upcoming Federal Reserve rate cut. According to the CBA bank, Fed Governor Michelle Bowman said it was too early to cut key rates and that she was ready to raise them if inflation did not fall further. The Australian bank indicates that the expectation of high rates for a prolonged period of time in the United States should continue to support the dollar in the short term.

Due to a possible technical correction, oil futures are falling this morning. According to ANZ, oil prices are close to their highest levels of the year, thanks to robust demand for American exports and sustained activity by Chinese buyers on the spot market, following high consumption during the Lunar New Year holidays. For its part, ING specifies that China seems to have accelerated its purchases of crude oil since mid-February, while increasing its long-term supplies from Saudi Arabia in

Around 7:20 a.m., the April contract on soft light crude (WTI) traded on Nymex lost 36 cents to $78.51 per barrel, while the contract at the same maturity on North Sea Brent lost 40 cents to $83.25 per barrel.