European stock markets are expected to rise ahead of manufacturing sector PMI indexes. The Eurostoxx 50 opens at 3,789.21 points (-1.36%), the CAC 40 at 6,468.80 points (-1.43%), the DAX 40 at 14,388.35 points (-1.29%), the FTSE 100 at 7,607.66 points (+0.10%), the IBEX 35 at 8,851.50 points (-0.89%), the DJIA at 32.990.12 points (-0.67%), the Nasdaq at 12,081.39 points (-0.41%), the S&P 500 at 4,132.15 points (-0.63%) and the Nikkei 225 at 27,460.67 points (+0.66%).
As for exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.0713 (-0.20%), EUR/JPY at 138.41 (+0.20%) and USD/JPY at 129.20 (+0.40%).

Investors will watch the final manufacturing PMI figures for May on Wednesday. S&P Global's first estimate, released on May 24, indicated a slowdown in sector growth, with an index of 54.5 compared with 55.7 in April. On the business side, Sopra Steria brings its shareholders together in a general meeting.
European equity markets are expected to rebound at the opening on Wednesday, as investors await the release of the eurozone manufacturing PMIs and the Federal Reserve's Beige Book. Around 7:30am, the CAC 40 futures contract gained 27 points, or 0.4%, according to data from broker IG Markets. The DAX 40 contract gained 75 points, or 0.5%, and the FTSE 100 contract increased by 28 points, or 0.4%.
Wall Street closed lower on Tuesday. The Dow Jones Index (DJIA) ended down 0.7% to 32,990.12 points, and the broader S&P 500 index fell 0.6% to 4,132.13 points. The Nasdaq Composite fell 0.4% to 12,081.39 points. In Asia, the main indices showed mixed performance on Wednesday, after the announcement of a new contraction in manufacturing activity in China. At the end of the session, the Hang Seng Index on the Hong Kong Stock Exchange lost 0.9% and the Shanghai Composite Index lost 0.1%. In Tokyo, on the other hand, the Nikkei index gained 0.7%. The manufacturing PMI compiled by Caixin and S&P Global rose to 48.1 in May from 46 in April, its lowest level in 26 months. Below 50, the index signals the third consecutive month of contraction in activity.

Yields on two- and ten-year US Treasury bonds rose on Tuesday, supported by restrictive remarks made the day before by Federal Reserve (Fed) Governor Christopher Waller. The central banker declared on Monday that he was in favor of interest rate hikes of 50 basis points during “several meetings”, in contrast to the position of the institution's president, Jerome Powell, who for his part recommended two consecutive increases of half a percentage point, followed by reflection and a possible slowdown towards increases of a quarter point. Investors continue to worry about the impact of the Fed's rapid rate hike on economic growth in the United States, and Christopher Waller's comments have weakened hopes of a pause in the rate hike cycle or a 25 basis point hike in September.

The euro fell against the dollar on Wednesday morning. JPMorgan anticipates a more limited and selective appreciation of the dollar in the future but doubts that the euro's recent resilience is sustainable. This will “certainly not” be the case “if growth in the eurozone loses speed or if the tightening of monetary policy by the European Central Bank (ECB) intensifies stagflationary effects,” the bank says.

Oil prices rose on Wednesday, after ending the previous session in a mixed order following reports from the Wall Street Journal that some members of the Organization of Petroleum Exporting Countries (OPEC) are considering temporarily removing Russia from their production targets. OPEC +, which brings together OPEC countries and ten allied countries led by Russia, is meeting on Thursday to discuss and possibly adjust its production quotas. At 7:20 a.m., the August North Sea Brent contract was trading at 43 cents, at $116.03 per barrel. The July contract for light sweet crude (WTI) traded on Nymex earned 53 cents at $115.20 per barrel.