Les marchés européens devraient marquer une pause after reaching new records on Tuesday. The EuroStoxx 50 opens at 4,983.20 points (+1.07%), the CAC 40 at 8,087.48 points (+0.84%), the DAX 40 at 17,965.11 points (+1.23%), the FTSE 100 at 7,747.81 points (+1.02%), the SMI at 11,685.19 points (+0.33%), the AEX at 860.97 points (+1.01%), the BEL 20 at 3,749.94 points (+0.22%), the IBEX 35 at 10,388.90 points (+0.61%), the DJIA at 39,005.49 points (+0.61%), the Nasdaq & Agrave; 16,265.64 points (+1.54%), the S&P 500 at 5,175.27 points (+1.12%), and the Nikkei 225 at 38,695.97 points (-0.26%)

As for exchange rates, the change from the close shows that in New York, the EUR/USD at 1.0929 (-0.01%), the EUR/JPY at 161.32 (-0.04%), and the USD/JPY at 147.62 (-0.03%), and the USD/JPY at 147.62 (-0.03%).

The industrial group Mersen for its part indicated that it expected a slowdown in organic revenue growth in 2024, after a strong increase in its results in 2023, a year marked by record activity. During the past financial year, the group's net income reached 81.6 million euros, compared to 67.7 million euros in 2022. However, analysts polled by FactSet expected a net profit of 83.5 million euros for 2023

At the opening, European equity markets are expected to change little on Wednesday. Investors are taking a break after the new record highs recorded on Tuesday. The FTSE 100 contract advanced by 3 points, or 0.04%. According to data from broker IG, the CAC 40 futures contract lost 2.9 points, or 0.04%, while the DAX 40 futures contract gained 3.2 points, or 0.02%, around 7:35am.
The STOXX Europe 600, CAC 40 and DAX 40 indices set new records at the end of Tuesday, while the inflation figures published in the United States were generally considered reassuring by investors. The pan-European index gained 1% to finish at 506.52 points, while the CAC reached a new high at 8,087.48 points and the DAX 40 finished at 17,965.11 points, again a record. The three indices have been setting records since the beginning of the year, driven by expectations of an upcoming fall in rates from major central banks. Inflation in the United States accelerated slightly in February, to 3.2% over one year, while economists expected it to 3.1%, as in January. Excluding food and energy, the rise in prices slowed to 3.8% over one year, compared to 3.9% in January. Operators now estimate the probability that the American central bank will start cutting rates in June at 60%, according to the futures markets

Wall Street ended clearly in the green on Tuesday, with investors putting the importance of this slight acceleration in inflation in the United States last month into perspective. The Dow Jones Index (DJIA) gained 0.6%. The expanded S&P 500 index rose 1.1% to 5,175.24 points, marking its 17th record close since the start of the year. The Nasdaq Composite, rich in technological stocks, gained 1.5%, supported by the robust results of the software publisher Oracle

Asian markets are trading in scattered order on Wednesday. In Tokyo, the Nikkei index lost 0.3%. At the same time, the Hang Seng rose 0.3% at the end of trading in Hong Kong, like the Shanghai Composite Index

US Treasury bonds sold off on Tuesday, allowing their yields to reach their highest levels in a week, following the publication of data showing an acceleration of inflation in the United States in February. In addition, the auction of $39 billion in 10-year Treasury bills attracted weak demand. According to Gregory Faranello, head of trading and strategy for US rates at AmeriVet Securities, “Generally speaking, when we look at the 2024 data, the US Treasury market continues to look for a new range of fluctuation

The euro is trading very little against the dollar this morning. Maybank analysts say in a note, the latest US inflation figures raise questions about how consumer prices will move towards the Fed's 2% inflation target. For the latter, any “persistence” of inflation in future data could suggest that consumer price growth is stabilizing around 3%. Analysts warn that if inflation were to become more persistent than expected, the thesis of a soft landing for the American economy would likely be

This morning, oil prices are rising as the Organization of Petroleum Exporting Countries (OPEC) maintained its forecast for demand growth in 2024 unchanged and as operators measure the implications of the inflation report published on Tuesday in the United States. Westpac said supply concerns should limit the rise in crude prices. OPEC reported that Iraq had produced more oil than its quota. Around 7:30am the April contract for light sweet crude (WTI) listed on Nymex took 58 cents, at 78.14 dollars per barrel. The one in May on North Sea Brent gained 55 cents, to 82.47 dollars