Its should remain cautious ahead of US inflation and JPMorgan's results. The Eurostoxx 50 opens at 4,055.09 points (-0.43%), the CAC 40 at 6,548.11 points (-0.34%), the DAX 40 at 15,146.87 points (-0.34%), the FTSE 100 at 7,130.23 points (-0.23%), the SMI at 11,756.76 points (-0.13%), the AEX at 771.47 points (-0.30%), the BEL 20 at 4,159.81 points ((-0.04%), the IBEX 35 at 8,935.90 points (+0.41%), the DJIA at 34,378.34 points (-0.34%), the Nasdaq at 14,465.92 points (-0.14%), the S&P 500 at 4,350.65 points (-0.24%) and the Nikkei 225 at 28,176.24 points down 0.19%.

As regarding exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.1554   (+0.19%), EUR/JPY at 131.08 (+0.06%) and USD/JPY at 113.46 down 0.13%.

luxury group LVMH reported on Tuesday slightly better-than-expected revenue for the third quarter, driven by sustained demand in Asia and the United States and the lifting of health restrictions in Europe. In the quarter ended September, revenue was €15.51 billion, up 20% year-on-year and 11% compared to the same period of 2019, on a like-for-like basis. According to a consensus established by FactSet, analysts expected on average a turnover of 15.11 billion euros in the third quarter.

The main European equity markets are expected to move little on Wednesday at the opening, as investors are cautious ahead of the publication of inflation in the United States in September and as the quarterly corporate earnings season begins. At 7:40 a.m., the CAC 40 futures contract was up 9 points, or 0.1%, according to data from broker IG Markets. The DAX contract gained 13 points, or 0.1%, and the FTSE 100 contract fell 5 points, or 0.1%. As the U.S. earnings season kicks off on Wednesday, the market fears companies will signal that supply issues and inflation are affecting their profits, which could be another blow to investor sentiment.

In China, exports grew at a faster pace than expected last month, despite supply chain difficulties and electricity shortages. China's exports rose 28.1 percent year-on-year in September, accelerating from the 25.6 percent rise recorded in August, the General Administration of Customs said Wednesday. Wall Street closed lower for the third straight session on Tuesday after the International Monetary Fund's (IMF) global growth forecasts were downgraded and a further rise in energy prices fueled inflation fears. The Dow Jones Index (DJIA) ended down 0.3% to 34,378.34 points, and the broader S&P 500 index fell 0.2% to 4,350.65 points. The Nasdaq Composite lost 0.1% to 14,465.94 points. Asian indices are little changed on Wednesday. At the end of the session, the Nikkei index of the Tokyo Stock Exchange lost 0.2%. The Shanghai Composite Index was up 0.2%. In Hong Kong, trade was interrupted on the eve of a public holiday, due to a weather alert.

LONG-maturity U.S. Treasury yields are trading slightly higher on Wednesday morning, after falling the previous day, hurt by the deepening deterioration in investor confidence in the outlook for the U.S. economy Yank. At 7:45 a.m., the yield on the ten-year Treasury bill, the benchmark for the bond market, stood at 1.584%, compared with 1.575% on Tuesday night. Rising commodity prices, including oil and natural gas, are fueling concerns about possible inflationary pressures, as are supply chain difficulties, analysts say. Traders and investors expect the U.S. consumer price index, forecast for Wednesday, to beat forecasts as optimism about the global recovery fades.

The euro is rising Wednesday morning against the dollar. However, the foreign exchange market may hesitate ahead of the day's highlights, including U.S. inflation figures for September, the minutes of the fed's latest monetary policy committee meeting, and speeches by several central bankers.

Oil contracts recede wednesday morning, after press reports emerged that Iran's nuclear talks could resume. According to the Bloomberg news agency, negotiations could begin as early as this week. If progress is made after several weeks of talks, a reactivation of the Iran nuclear deal could cause Brent to fall to $75 a barrel, broker OANDA said. At 7:35 a.m., the December contract for North Sea Brent was down 4 cents to $83.38 a barrel. The November contract for light sweet crude (WTI) listed on the Nymex lost 7 cents, to $80.56 a barrel.