European stock exchanges are expected to open in the red as rates rise. The Eurostoxx 50 opens at 3,838.42 points (+1.45%), the CAC 40 opens at 6,548.78 points (+0.98%), the DAX 40 at 14,653.81 points (+1.34%), the FTSE 100 at 7,608.22 points (+1.00%), SMI at 11,529.16 points (-0.18%), the AEX at 711.82 points (+1.59%), the BEL 20 at 3,919.37 points (+0.98%), the IBEX 35 & Worse; 8,836.30 points (+1.28%), the DJIA at 32,915.78 points (+0.05%) and the Nikkei 225 at 28,032.79 points (+0.42%).
On the exchange rate side, the change compared with the close in New York indicates that EUR/USD stands at 1.0681 (-0.11%), EUR/JPY at 141.90 (+0.62%), and USD/JPY at 132.86 (+0.74%).
A few days before the first round of the legislative elections in France, investors will remain attentive to the statements of political leaders on Tuesday. As interest rates rise on global bond markets, they will also monitor the evolution of Treasury Related Bond (OAT) yields, which continue to rise. The ten-year OAT rate, which was in negative territory in mid-December 2021, ended at 1.851% on Monday.
European equity markets are expected to open lower on Tuesday, following a late sell-off on Wall Street and as US Treasury bond yields remain above 3%. At 7:25am, the CAC 40 futures contract lost 60 points, or 0.9%, according to data from the broker IG Markets. The DAX 40 contract gave up 128 points, or 0.9% as well, and the FTSE 100 contract gave up 42 points, or 0.6%.
The New York Stock Exchange traded slightly higher on Monday, as inflation and monetary policy are still on the minds of investors. The Dow Jones Index (DJIA) jumped 0.05% to 33,135 points, after gaining up to 0.8% at the start of the session. The expanded S&P 500 index also lost steam to finish with a gain of 0.3%, at 4,121.42 points. The Nasdaq Composite rose 0.4%, to 12,061.37%. In Asia, the main indexes are trading in a scattered order on Tuesday. In Tokyo, the Nikkei index gained 0.4% at the end of the session. The Shanghai Composite rose 0.2%, but the Hong Kong Stock Exchange's Hang Seng index fell by 0.5% at the same time.
Yields on US Treasury bonds with maturities between five and 30 years remain above the 3% threshold on Tuesday morning, while investors await the publication, scheduled for Friday, of the consumer price index in May in the United States.

The euro fell slightly against the dollar on Tuesday. According to Ebury, the euro could appreciate if Christine Lagarde, the president of the European Central Bank (ECB), suggests after Thursday's meeting that interest rates could be raised by 50 basis points in July.
Oil futures rose on Tuesday, as the global crude surplus comes to an end, Goldman Sachs analysts say in a note. At 7:15am, the August North Sea Brent contract won 66 cents, at $120.17 per barrel. The July contract for mild mild crude oil (WTI) listed on Nymex was worth 71 cents, at $119.21 per barrel.