Les marchés d' actions européens attendus en hausse, on the eve of the ECB's decision. The EuroStoxx 50 opens at 4,953.37 points (-1.00%), the CAC 40 at 7,937.90 points (-0.75%), the DAX 40 at 18,405.64 points (-0.75%), the DAX 40 at 18,405.64 points (-1.09%), the FTSE 100 at 8,232.04 points (-0.37%), the SMI at 12,008.94 points (+0.02%), the AEX at 901.68 points (-0.38%), the BEL 20 at 3,919.46 points (-0.34%), the IBEX 35 at 11,286.40 points (-0.97%), the DJIA at 38,711.29 points (+0.36%), the Nasdaq & agrave; 16,857.05 points (+0.17%), the S&P 500 at 5,291.34 points (+0.15%), the Nikkei 225 at 38,402.69 points (-1.12%

As for exchange rates, the change from the close indicates that in New York, EUR/USD opened at 1.0883 (+0.01%), EUR/JPY at 169.21 (+0.39%), and USD/JPY at 155.54 (+0.40%).

Industrial production statistics for the month of April will be released at 8:45am. The final PMI index for the service sector for May will be published at 9:50am. On Tuesday, the Financial Markets Authority approved the project to reorganize the capital of Sopra Steria and its former subsidiary Axway Software and exempted shareholders from controlling a mandatory takeover bid (takeover bid). This exemption was granted as part of the sale of most of Sopra Banking Software to Axway for an enterprise value of 330 million euros announced in February. In parallel with this transaction, the French group will also sell 3.6 million Axway shares to its reference shareholder, the Sopra GMT holding, for nearly 96 million euros

This Wednesday, European equity markets are expected to open higher, on the eve of the European Central Bank (ECB) meeting, during which a reduction in key rates should be announced, according to market expectations. According to data from broker IG, the CAC 40 futures contract gained 47.9 points, or 0.6%, at 7:20am. The one on the DAX 40 took 103 points, or 0.6%, and the contract on the FTSE 100 increased by 48.2 points, or 0.6% as well. Investors will be watching the release of the PMI services indices in the eurozone and its main member states on Wednesday.
The New York Stock Exchange ended up slightly on Tuesday after an indecisive session, thanks to the relaxation of bond rates. Investors reacted to the announcement of a sharper than expected drop in the number of job offers in the United States in April, which fell to their lowest level in three years, which could reduce wage tensions and encourage the continuation of the disinflation desired by the Federal Reserve (Fed). In China, the service sector PMI published by Caixin and S&P Global in May reached its highest level since July 2023, echoing official data. The index stood at 54 last month, up from 52.5 in April, supported by robust business activity and demand. Higher than 50 for 17 consecutive months, it signals an expansion of activity over this period.
In Asia, Asian equity markets presented a mixed landscape on Wednesday, with a 1.1% drop in the Nikkei index on the Tokyo Stock Exchange and a 0.4% drop in the Shanghai Composite. The Hang Seng rose 0.3% on the Hong Kong Stock Exchange

After falling the previous day, while a series of indicators are raising concerns about the outlook for the American economy, US Treasury yields are not changing much this morning. Capital Economics said that April's vacancy statistics are “further evidence of the normalization” of the job market. Forecasters expect Friday to announce an increase in job creation outside the agricultural sector in the United States in May. The chances of the Fed cutting rates twice this year are now 41%, up from 29%. Data from CME indicates that the probability of an interest rate cut by the Fed in September has increased to 56%, up from 42% a week ago. The yield on the two-year stock was almost stable at 4.791%. Around 7:10 a.m., the 10-year US Treasury bond rate gained 1 basis point, to 4.344%

The euro is stable against the dollar, but is appreciating against the yen, like the greenback on Wednesday morning. The Japanese currency is falling against G10, Asian and emerging market currencies, probably due to a technical correction

This morning, oil prices fell slightly, as the market fears that supply will become oversupplied due to the project of the Organization of Petroleum Exporting Countries and its allies (OPEC+) to gradually end their voluntary production cuts. According to the ANZ research team, this has reinforced the bearish outlook for the market. ANZ reports that manufacturing activity in the United States fell in May, while China's official PMI fell back into a contraction zone, raising questions about the evolution of oil demand. Around 7 am, the August contract for North Sea Brent lost 2 cents, to 77.50 dollars per barrel. The July contract for light sweet crude (WTI) listed on Nymex fell by 6 cents to $73.19