Still concerned about gas supplies, European stock markets are expected to open lower. The Eurostoxx 50 opens at 3,490.01 points (-1.53%), the CAC 40 at 6,093.22 points (-1.20%), the DAX 40 at 12,760.78 points (-2.22%), the FTSE 100 at 7,287.43 points (+0.09%), the SMI at 10,819.54 points (-0.66%), and the AEX at 674.12 points (-0,09%), the SMI at 10,819.54 points (-0.66%), the AEX at 674.12 points (-0,09%) .66%), the BEL 20 at 3,567.72 points (-1.30%), the IBEX 35 at 7,862.70 points (-0.88%), the DJIA at 31,318.44 points (-1.07%), the Nasdaq at 11,630.86 points (-1.31%, closing on September 2), the S&P 500 at 3,924.26 points (-1.07%, close on September 2), the S&P 500 at 3,924.26 points (-1.07%, close on September 2) Kill on September 2) and the Nikkei 225 at 27,620,02 points (0.00%).

As for exchange rates, the change from the close in New York indicates that EUR/USD opens at 0.9952 (+0.19%), EUR/JPY at 139.94 (+0.23%), and USD/JPY at 140.65 (+0.04%).

The energy sector will continue to attract investors' attention on Tuesday, after statements by the President of the Republic at a press conference on the energy crisis. In particular, on Monday, Emmanuel Macron called again on the French to “energy sobriety” to ensure the supply of gas and electricity to all this winter. He also said that if necessary, France would deliver more gas to Germany, which could in turn supply Paris with electricity. Automotive stocks will also be closely monitored, with Germany's Volkswagen having given the green light to an IPO of its subsidiary specializing in sports cars Porsche.

Furthermore, Safran has entered into negotiations with Thales to acquire its aircraft electrical systems business, the two groups announced in a joint press release on Monday evening. The amount of the transaction was not disclosed. Thales's aeronautical electrical systems business employs nearly 600 people and achieved a turnover of 124 million euros in 2021.

European stock markets are expected to continue their fall at the opening of Tuesday, still penalized by the indefinite suspension of deliveries via the Nord Stream gas pipeline, an announcement that caused gas prices to soar again on Monday. At 7:40am, the CAC 40 futures contract lost 3.6 points, or 0.1%, according to data from the IG Markets broker. The DAX contract fell 14 points, or 0.1%, and the FTSE 100 contract fell 13 points, or 0.2%.

The evolution of natural gas prices will remain closely monitored, while investors fear a recession on both sides of the Atlantic in a context of high inflation, a sharp rise in interest rates, and persistent supply difficulties in some sectors. For their part, US index futures are gaining ground on Tuesday morning. Wall Street was closed Monday for Labor Day in the United States. For their part, the main Asian stock exchanges operate in a dispersed order. At the end of the session, the Nikkei index was close to balance in Tokyo, while the Hang Seng on the Hong Kong Stock Exchange lost 0.3%. At the same time, Shanghai Composite increased by 1.1%.

The macroeconomic agenda is light on Tuesday in Europe, but investors are preparing for the monetary policy meeting of the European Central Bank (ECB), after which another sharp rise in interest rates is expected to be announced. Economists are wondering whether the ECB will raise interest rates by 50 basis points on Thursday, as in July, or raise interest rates by 75 basis points, following in the footsteps of the US Federal Reserve (Fed). The Reserve Bank of Australia (RBA), for its part, opted for a 50 basis point increase in its key rate on Tuesday, bringing it to 2.35%.

The German Bund should remain supported, despite the European Central Bank (ECB) likely to raise interest rates by 75 basis points this week, writes Rainer Guntermann, a rate strategist at Commerzbank, in a note. The 65 billion euro aid plan unveiled by the German government to enable households to cope with soaring prices will be financed, for the most part, by inflation revenues and measures for the years to come. It includes few new expenses, he explains. “We therefore confirm that, in our opinion, the impact on the deficit will be almost zero, in 2022 as in 2023", he concludes. On Monday, the ten-year Bund yield ended at 1.563%. The ECB will give its verdict on Thursday.

The euro gained some ground against the dollar on Tuesday after reaching its lowest level since 2002 the day before, mainly due to fears linked to the stopping until further notice of Russian gas deliveries to Europe via the Nord Stream gas pipeline. However, the single currency remains below parity against the greenback, trading at $0.9965 at 7:40am.

Oil futures traded in a mixed order on Tuesday after the OPEC+ decision. The group, which brings together the Organization of Petroleum Exporting Countries (OPEC) and ten allied countries led by Russia, has announced that it will cut production by 100,000 barrels in October, which will cancel out the equivalent increase expected in September, says ANZ. At 7:30am, the November North Sea Brent contract lost 76 cents, or 0.8%, to $94.98 per barrel, while the October contract on soft crude (WTI) traded in New York lost $1.76, or 2%, to $88.63 per barrel.