European stock exchanges are expected to start trading on Wednesday in scattered order, as a new round of tariffs in the United States approaches.

The pharmaceutical group Sanofi announced on Wednesday that the Food and Drug Administration (FDA), the American health authority, had granted an accelerated procedure to its messenger RNA (mRNA) vaccine candidate for the prevention of chlamydia (or chlamydia) infections.

Around 7:45 a.m., the CAC 40 futures contract was stable, according to data from broker IG.

In terms of macroeconomic indicators, INSEE is due to publish its study on household confidence in March at 8:45am.
France Assurers indicated on Wednesday that the cost of climate events (floods, cyclones, etc.) had reached 5 billion euros for insurers in 2024, slightly less than the 2020-2024 average where this figure was 5.6 billion euros.

This morning, while concerns about tariff concerns persist, stock futures were little changed. According to data from broker IG, around 7:45am, the DAX 40 futures contract in Frankfurt was up 0.1%, while the FTSE 100 in London

Concerns about tariffs are still weighing on stock prices. President Donald Trump is expected to announce major new tariffs on April 2, building on previous taxes he has already imposed on the country's main trading partners

Investors generally hope that the American economy can continue to grow this year. Nevertheless, the latest statistics show a drop in consumer and business morale.

The New York Stock Exchange finally managed to continue its rebound on Tuesday after an indecisive session. Investors continue to expect U.S. tariffs to be more moderate than expected in April and on a possible moderation in the trade war

The Dow Jones Index (DJIA) closed up very slightly (+0.01%), at 42,587.50 points, and the S&P 500 gained 0.2%, at 5,776.65 points. The Nasdaq Composite gained 0.5% to 18,271.86 points.

In Asia, the Nikkei index on the Tokyo Stock Exchange ended Wednesday's session up 0.7%. The Shanghai Composite Index lost 0.1% at the end of the session, while the Hang Seng gained 0.3% on the Hong Kong Stock Exchange.

The bond market continues to digest the latest American statistics. While housing indicators in January and February came in line with or below expectations, the Conference Board's consumer confidence index fell more than expected in March. Unemployment claims, the estimate of US GDP, and PCE inflation are among the data expected later this week

Around 7:45 a.m., the 10-year US Treasury bond rate gained 2 basis points (0.02 percentage points), to 4.34%. That of the two-year stock rose 4 basis points, to 4.02%

Jane Foley, currency strategist at Rabobank, says that the fragile economic context in the United Kingdom represents a risk to the outlook for the pound sterling. For this, the disappointing growth has taken a toll on government tax revenues. She adds that sterling will continue to receive some support thanks to the BoE's cautious approach to lowering rates.

Around 7:45am, the euro fell by 0.1% to 1.0787 dollars. The greenback was up 0.4% against the Japanese currency, at 150.53 yen.

Oil grew in Asia amid supply concerns. According to Joseph Dahrieh, CEO of Tickmill, crude oil prices could be more volatile as market participants deal with uncertainty surrounding recent global developments. For the latter, uncertainty about the potential reduction in Venezuelan oil exports could tighten supply in the short term to some extent. Sanctions on Iranian oil could also contribute to a potentially tighter market.

The May contract for soft light crude (WTI) listed on Nymex rose 27 cents, or 0.4%, to $69.27 per barrel. At around 7:45am, the May contract for North Sea Brent traded in London rose by 27 cents, or 0.4%, to 72.66