European stock exchanges are expected to open higher Wednesday, while the latest revisions to employment data for United States are encouraging investors to anticipate several rate cuts of the Fed. In France, Sébastien Lecornu was appointed prime minister in replacement of François Bayrou.

The pharmaceutical group Sanofi announced on Wednesday that the health authority in China had approved its drug Tzield (teplizumab) as the first disease-modifying treatment in autoimmune diabetes type 1 (T1D).

The President of the Republic Emmanuel Macron has appointed on Tuesday Sébastien Lecornu, hitherto Minister of the Armed Forces, as first minister replacing François Bayrou. A former member of the UMP and LR, he joined En Marche in 2017. Sébastien Lecornu must now compose in days to come his government. He will face heated debates on the issue. of the 2026 Budget in the National Assembly, while a day of Demonstrations are scheduled for this Wednesday.

The 10-year OAT rate, the benchmark for French debt, is finally remained stable between Monday evening, before the censorship of François Bayrou, and Tuesday evening, after its fall, to 3.41% at the close of the markets.
Around 7:45am, the CAC 40 futures contract grew by 0.2%, according to IG broker data.

Around 7:45 a.m., the DAX 40 futures contract at Frankfurt rose by 0.4%, while the one on the FTSE 100 in London rose by 0.4%, while the one on the FTSE 100 in London rose 0.2%, according to data from the broker IG.

On the side of European companies, Inditex publishes This Wednesday its half-year results at the end of July.

The Bureau of Labor Statistics (BLS) reported on Tuesday that he had revised the number of jobs down by 911,000, including 880,000 for the private sector, in the United States over the period from April 2024 to March 2025.

This strong employment revision, superior to Economists' expectations, reinforces the hypothesis of forceful Fed action to support the activity by the end of the year.

According to the CME FedWatch tool, the probability of a triple drop in rates by a quarter of a percentage point (0.75 points in total) is the vast majority on the market.

According to Jeff Schulze of ClearBridge Investments, “investors are eagerly awaiting the start of this cycle of cut rates by the Fed.” The latter indicates that “the data of Revisions that we received today [Tuesday, ed.] suggest that the cycle The Fed's rate cut will actually begin and will likely be followed by another drop in October and December.”

The New York Stock Exchange has thus closed at new Record highs on Tuesday as investors continue to bet on declines energetic rates. The Dow Jones Index erased its previous record, which dated from the end of August, increasing by 0.4% to 45,711.34 points. The clue S&P 500 also hit a new high of 6,512.61 points after a rose by 0.3% and Nasdaq set a second consecutive record by winning 0.4% to 21,879.49 points.
In Asia, the Nikkei index on the Tokyo Stock Exchange was up 0.8% on Wednesday at the end of the session. The Shanghai Composite Index gained 0.2%, while the Hang Seng on the Hong Kong Stock Exchange rose by 1.3%.

The two-year title rate dropped 2 basis points (0.02 percentage points), to 3.56%. Around 7:45 a.m., the bond rate of The 10-year US Treasury was stable at 4.09%.

The greenback was also in balance against the Japanese currency, at 147.41 yen. At around 7:45am, the euro was stable, at 1.1709 dollar.

After Israel carried out an air strike on senior Hamas political leaders in Qatar, increasing the risk geopolitical in the Middle East, oil rose at the start of the session. Konstantinos Chrysikos from Kudotrade believes that “Qatar being an exporter of energy and a key diplomatic mediator, any disturbance to its stability could affect supply expectations.”

These latest developments occur in a context of a modest increase in OPEC+ production, of constitution Continued stocks by China and renewed fears of sanctions Western powers against Russia. For Konstantinos Chrysikos, these factors make also increase crude oil prices.

Around 7:45 a.m., the November Brent contract of North Sea listed in London rose 67 cents, or 1%, to $67.06 per barrel. The October contract for soft light crude (WTI) listed on Nymex rose 67% cents, or 1.1%, to $63.30 per barrel.