Occupied with high energy prices, European equity markets are expected to open lower. The Eurostoxx 50 opened at 4,072.52 points (-0.02%), the CAC 40 at 6,570.54 points (+0.16%), the DAX 40 at 15,199.14 points (-0.05%), the FTSE 100 at 7,146.85 points (+0.72%), the SMI at 11,771.57 points (+0.06%), the AEX at 773.79 points (+0.23%), the BEL 20 at 4,161.33 points (+0.39%), the IBEX 35 at 8,899.00 points (-0.63%), the DJIA at 34,496.06 points (-0.72%), the Nasdaq at 14,486.20 points (-0.64%), the S&P 500 at 4,361.19 points (-0.69%) and the Nikkei 225 at 28,264.09 points down 0.82%.

As regarding exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.1558   (+0.03%), EUR/JPY at 130.98 (+0.02%) and USD/JPY remained stable at 113.33.

On the macroeconomic front, the Bank of France confirmed Monday night that it expects economic growth of 6.3% in 2021. The central bank is betting on a 2.3% increase in gross domestic product (GDP) in the third quarter, compared to 2.7% expected by the National Institute of Statistics and Economic Studies (INSEE). The government and INSEE expect growth of 6.25% for the whole of 2021.

European equity markets are expected to open lower on Tuesday, as investors remain concerned about slowing growth and accelerating inflation, fueled in particular by rising energy prices. At 7:45 a.m., the CAC 40 futures contract gave up 45.7 points, or 0.7%, according to data from broker IG Markets. The DAX contract lost 98.5 points, or 0.7%, and the FTSE 100 contract lost 45.8 points, or 0.6%. Investors are also cautious as the earnings season begins in the United States on Wednesday, the day when the US inflation figures for September will also be released. In the meantime, they will focus on Tuesday on Germany's ZEW leading economic indicator and the latest global economic outlook from the International Monetary Fund (IMF), which holds its annual meetings in Washington throughout the week.

In this context, Wall Street ended lower on Monday after a new surge in energy prices. The Dow Jones Index (DJIA) lost 0.7% to 34,496.06 points. The broader S&P 500 index also fell 0.7% to 4,361.19 points. The Nasdaq Composite gave up 0.6% to 14,846.20 points. In Asia, the main stock exchanges are trading in the red on Tuesday. At the end of the session, the Nikkei index of the Tokyo Stock Exchange lost 0.8%. The Shanghai Composite Index was down 1.7% and in Hong Kong, the Hang Seng was down 1%. The president, who began his campaign in late 2020 with a regulatory assault on private tech companies, has ordered a series of inspections at Chinese financial institutions. According to people familiar with the project, the inspections, announced in September with few details, are aimed at determining whether state-owned banks, investment funds and financial regulators have become too close to private companies, especially those that have recently found themselves in Beijing's crosshairs. such as real estate developer China Evergrande Group, ride-hailing specialist Didi Global and fintech Ant Group.

U.S. Treasury yields are trading shortly tuesday after U.S. bond markets close for a public holiday on Monday. At 7:45 a.m., the yield on the ten-year bond stood at 1.1614%. JPMorgan Asset Management points out that while the recent rise in inflation is likely to be largely transitory, as the Federal Reserve (Fed) estimates, some of this high inflation is likely to continue.

The euro is up slightly against the dollar on Tuesday morning. However, the greenback could rise quickly due to growing concerns about the transitory nature of inflation. Recent strength in commodity prices, combined with wage increases, appears to be fueling more persistent price pressures, calling into question expectations of a possible postponement of the Fed's asset purchase reduction schedule due to weak job creation. adds IG. JPMorgan asked its clients about fourth-quarter growth and 68% of them expect the dollar to appreciate from current levels by the end of the year.

Oil contracts are trading little Tuesday morning, after the barrel of Nymex-listed light sweet crude (WTI) ended Monday above $80 for the first time in nearly seven years and North Sea Brent reached its highest closing level in three years. At 7:35 a.m., the December Brent contract gained 25 cents to $83.90 a barrel. The November WTI contract was up 19 cents, at $80.71 a barrel.