European stock markets are expected to open higher, the market hopes for a deconfinement in Shanghai. The Eurostoxx 50 opened at 3,685.34 points (-0.49%), the CAC 40 at 6,347.77 points (-0.23%), the DAX 40 at 13,964.38 points (-0.45%), the FTSE 100 at 7,464.80 points (+0.63%), the SMI at 11.672.23 points (+0.19%), the AEX at 694.62 points (+0.07%), the Nasdaq at 11,662.79 points (-1.20%), the S&P 500 at 4,008.01 points (-0.39%) and the Nikkei 225 at 26,660.08 points (+0.43%).

As regarding exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.0440   (+0.07%), EUR/JPY at 135.10 (+0.28%) and USD/JPY at 129.41   (+0.21%).

European equity markets are expected to open higher on Tuesday, in the wake of Asian stock markets, which are supported by hopes of easing Covid-19 restrictions in the region. At 7:35 a.m., the CAC 40 futures contract gained 48 points, or 0.8%, according to data from broker IG Markets. The contract on the DAX 40 was up 112 points, or 0.8%, and the FTSE 100 contract was up 30 points, or 0.4%.

Monday night, Wall Street closed broadly in the red, as economic indicators and projections from China and Europe pointed to a marked deterioration in the international economy. The Dow Jones Index (DJIA) gained 0.1% at the end of a volatile session, to 32,223.42 points, but the broader S&P 500 index gave up 0.4% to 4,008.01 points. The tech-rich Nasdaq Composite fell 1.2% to 11,662.79 points.

US Treasury yields fell on Monday amid concerns about global economic conditions. Some analysts believe returns may have peaked, at least for now. The strong sell-off in the bond market since the beginning of the year last week pushed the ten-year Treasury yield above 3.2%, a three-and-a-half-year high. On Tuesday morning, it stood at 2.916%.

The euro is rising against the dollar on Tuesday morning while remaining close to multi-year lows. According to Goldman Sachs, "further declines in equities, growing risks of global recession and high geopolitical uncertainty should continue to support the dollar for the time being, even if the longer-term outlook is unfavorable."

Oil prices are down slightly on Tuesday morning but could recover later, with traders hoping for an improvement in demand in China, analysts said. At 7:25 a.m., the July Contract for North Sea Brent lost 44 cents to $113.80 a barrel. The June yield on Nymex-listed light sweet crude (WTI) was down 49 cents to $113.71 a barrel.