Concerned about the economic outlook, European markets are expected to fall again on Wednesday. The FTSE 100 at 7,323.41 points (+0.90%), the SMI at 10,809.57 points (-0.89%), the AEX at 669.01 points (-0.23%), the BEL 20 at 3,746.07 points (+0.20%), the IBEX 35 at 8,317.50 points (+0.91%), the DJIA at 30,946.99 points (-1.56%), the Nasdaq at 11,181.54 points (-2.98%), the S&P 500 3,821.55 points (-2.01%) and the Nikkei 225 26,752.20 points (-1.10%).

On the foreign exchange market, the change in prices relative to the close in New York indicates that EUR/USD opens at 1.0509 (-0.12%), EUR/JPY at 142.87 (-0.26%), and USD/JPY at 136.02 (-0.10%).

On Tuesday evening, TF1 announced that it had signed an agreement with the Reworld Media group to sell its digital media division Unify, which publishes, among other things, the websites Marmiton, Doctissimo and au.
European equity markets are expected to open lower on Wednesday, while investors remain concerned about the impact of inflation and the monetary tightening orchestrated by central banks on the global economy. At 7:25am, the CAC 40 futures contract fell 35 points, or 0.6%, according to data from the broker IG Markets, the DAX 40 contract fell by 68 points, or 0.5%, and the FTSE 100 contract gave up 48 points, or 0.6%.
Wall Street ended sharply lower on Tuesday, with investors worried about corporate earnings prospects while recently released U.S. economic indicators were mostly disappointing. The Dow Jones Index (DJIA) fell 1.6% to 30,946.99 points, while the expanded S&P 500 fell 2% to 3,821.55 points. The Nasdaq Composite, rich in tech stocks, dropped 3% to 11,181.54 points. In the wake of Wall Street, major Asian indexes fell on Wednesday. The Nikkei index lost 1.2% at the end of the session in Tokyo, the Shanghai Composite fell by 0.8% and the Hang Seng on the Hong Kong Stock Exchange fell by 1.7%.

Treasury bill yields rose on Tuesday, and the yield gap between short and long bonds has widened somewhat over the past three days. The bond market will pay attention to the US GDP figures on Wednesday and on Thursday to the PCE index, the Fed's preferred measure for inflation.


The euro fell back against the dollar on Wednesday morning in a context of risk aversion. The disappointing American household confidence figures, released on Tuesday, have reinforced fears of a recession.

Oil futures fell on Wednesday as demand continued to suffer from recessionary fears. However, in the short term, black gold prices could benefit from press reports indicating that the remaining excess capacity in Saudi Arabia and the United Arab Emirates is not as large as expected, says Stephen Innes, a partner at SPI Asset Management. At 7:15am, the August North Sea Brent contract lost 93 cents to $117.05 per barrel. The same-term contract for mild mild crude oil (WTI) listed on Nymex fell by 58 cents to $111.18 per barrel.