European stocks are expected to rebound on Tuesday, in the wake of Wall Street. The Eurostoxx 50 opened at 3,732.34 points (-1.85%), the CAC 40 at 6,425.61 points (-1.66%), the DAX 40 at 13,939.07 points (-1.13%), the FTSE 100 at 7,544.55 points (+0.47%), the SMI at 11,971.73 points (-1.29%), the AEX at 694.44 points (-2.33%), the BEL 20 at 4,058.74 points (-1.16%), the IBEX 35 at 8,436.00 points (-1.73%), the DJIA at 33,061.50 points (+0.26%), the Nasdaq at 12,536.02 points (+1.63%), the S&P 500 at 4,155.38 points (+0.57%) and the Nikkei 225 at 26,818.53 points (-0.11%).

As far as exchange rates are concerned, the change from the close in New York indicates that EUR/USD opens at 1.0513   (+0.04%), EUR/JPY at 136.80 (0.00%) and USD/JPY at 130.14 (-0.04%).

BNP Paribas publishes its quarterly results on Tuesday, while Neoen presents its revenue and operating data for the first quarter. Sanofi holds its Annual General Meeting.

European equity markets are expected to recover Tuesday in early trade, supported by Wall Street's rebound late Monday as the two-day meeting of the Federal Reserve's (Fed) monetary policy committee begins. At 7:35 a.m., the CAC 40 futures contract gained 77 points, or 1.2%, according to data from broker IG Markets. The contract on the DAX 40 advanced by 169 points, or 1.2% also, while that on the FTSE 100 was 53 points, or 0.7%. After long hesitating about the direction to take, Wall Street ended higher on Monday in a market made nervous by the Federal Reserve's (Fed) plans for monetary tightening. The Dow Jones Index (DJIA) gained 0.3% to 33,061.50 points. The broader S&P 500 index rose 0.6% to 4,155.38 points. The Nasdaq Composite, rich in technology stocks, gained 1.6% to 12,536.02 points. The Fed is expected to raise rates by 50 basis points on Wednesday, according to forecasts, to counter inflation at the highest in 40 years in the United States. It is also expected to announce a plan to reduce its balance sheet. In Asia, the main stock exchanges are rising in volumes however limited Tuesday at the end of the session. The Hang Seng index gained 0.7% in Hong Kong and the Kospi in Seoul gained 0.1%. Financial markets are closed in China and Japan, due to public holidays in these countries.

The yield on the ten-year U.S. Treasury bond briefly reached 3% on Monday for the first time since late 2018. That rate jumped during trading on Wall Street to a high of 3.008%, as traders positioned themselves ahead of the Federal Reserve meeting. The U.S. 10-year yield then fell back below 3 percent, ending at 2.895 percent, according to Tradeweb data, up from 2.885 percent on Friday.

The euro is almost unchanged against the dollar on Tuesday morning, as markets await the Fed's decisions. In the U.K., investors' attention will focus this week on the Bank of England's (BOE) monetary policy decision and local elections, both of which are scheduled for Thursday, RBC analysts said in a note. RBC expects the BOE to raise its key interest rate by 25 basis points and expects further hikes in June and August.

Nulate oil futures are moving little Tuesday morning, with traders hesitant ahead of the monthly meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies. At 7:25 a.m., the July contract for North Sea Brent lost 7 cents to $107.51 a barrel, and the June contract for light sweet crude (WTI) listed on the Nymex was also down 7 cents to $105.10 a barrel.