Les marchés d' actions européens sont attendus en baisse before German inflation. The EuroStoxx 50 opens at 5,030.35 points (-0.57%), the CAC 40 at 8,057.80 points (-0.92%), the DAX 40 at 18,677.87 points (-0.92%), the DAX 40 at 18,677.87 points (-0.52%), the FTSE 100 at 8,254.18 points (-0.76%), the SMT I at 11,854.50 points (-0.89%), the AEX at 912.23 points (-0.89%), the AEX at 912.23 points (-0.42%), the IBEX 35 at 11,276.00 points (-0.44%), the DJIA at 38,852.86 points (-0.92%), the IBEX 35 at 11,276.00 points (-0.44%), the DJIA at 38,852.86 points (-0.55%), the Nasdaq & Agrave; 17,019.88 points (+0.59%), the S&P 500 at 5,306.04 points (+0.02%), and the Nikkei 225 at 38,652.28 points (-0.52%

As for exchange rates, the change from the close indicates that in New York, the EUR/USD is at 1.0848 (-0.08%), the EUR/JPY at 170.60 (-0.02%), and the USD/JPY at 157.30 (+0.07%), the EUR/JPY at 170.60 (-0.02%), and the USD/JPY at 157.30 (+0.07%).

This Wednesday, investors will follow the French household confidence figures in May, expected at 8:45am. On the corporate side, Legrand, Publicis and Bic invite their shareholders to a general meeting. The tire manufacturer Michelin announced Tuesday evening that it expected its results and profitability to increase by 2026, supported by an increasingly assertive upmarket strategy and despite a lackluster market. It expects operating income for the sectors, the main indicator followed by analysts, of 4.2 billion euros in 2026, compared to around 3.6 billion euros in 2023. The group also aims to increase its operating margin by 1.4 points, to 14% in the medium term.

This Wednesday, European equity markets are expected to open lower, while rates are rising on the bond market, as traders review their expectations of lower interest rates for the American Federal Reserve (Fed). Around 7:25am, the CAC 40 futures contract lost 27 points, or 0.3%, according to data from the broker IG, while the DAX 40 futures contract lost 40 points, or 0.3% as well. The FTSE 100 contract gave up 35 points, or 0.4%. A further increase in the federal funds rate could not be entirely ruled out due to the persistence of inflation, according to Minneapolis Fed President Neel Kashkari

Wall Street finished in scattered order on Tuesday for its first session of the week. Hampered by the pharmaceutical sector, the Dow Jones Index (DJIA) fell 0.6% to 38,852.86 points, while the expanded S&P 500 index remained almost unchanged at 5,306.04 points. The Nasdaq Composite, rich in technological stocks, set a new historical record by rising 0.6% to 17,019.88 points. The index crossed the 17,000 point threshold for the first time in its history.
Investors will focus today on the German inflation figures in May and on the Fed's Beige Book, a preparatory document for the next meeting of the monetary policy committee.
For its part, the International Monetary Fund (IMF) has raised its growth forecasts for China, as the country's economic outlook seems to be improving after a good performance in the first quarter and the support measures announced recently. The IMF said it now expects gross domestic product (GDP) to grow by 5% in 2024, compared to a previous forecast of 4.6%. This estimate is in line with China's official GDP growth target, which is around 5%.
At the end of the session, the Shanghai Composite Index gained 0.2%, outperforming other Asian indices that are trading in the red, such as European futures contracts. The Nikkei index on the Tokyo Stock Exchange lost 0.5% at the end of the session and the Hang Seng on the Hong Kong Stock Exchange gave

This morning, US Treasury bond yields continued to rise. After relatively poor auctions of two- and five-year bonds, the benchmark 10-year bond yield recorded its strongest single-session increase in nearly a month on Tuesday. According to Kent Engelke, head of economic strategy at Capitol Securities Management, Neel Kashkari's words are the main catalyst for higher long-term returns. At around 7:25am, the yield on the 10-year Treasury note rose by almost one basis point, to 4.564%, while the rate on the two-year bond rose by 3 basis points, to 4.981%.

This morning, the euro is losing ground against the dollar. The CBA bank indicates that the greenback has appreciated since the Conference Board announced an unexpected improvement in American household confidence in May. For the CBA, Minneapolis Fed President Neel Kashkari said that a further increase in interest rates was unlikely but should not be completely ruled out. Around 7:25am, the euro lost 0.1% to 1.0849 dollars.

This morning, oil futures are increasing. According to NAB, oil market operators expect the Organization of Petroleum Exporting Countries (OPEC) and its allies in OPEC+, including Russia, to decide after their meeting this weekend to extend their voluntary production cuts to the third quarter. NAB indicates that tensions in the Middle East are also a factor supporting oil prices, as a new ship was attacked in the Red Sea. Around 7:20 a.m., the July North Sea Brent contract took 21 cents, at $84.43 per barrel. The one at the same date on WTI increased by 30 cents to $80.13