European equity markets are expected to decline slightly in a climate of caution. The Eurostoxx 50 opens at 3,757.22 points (+0.85%), the CAC 40 at 6,524.44 points (+0.80%), the DAX 40 at 13,687.69 points (+0.84%), the FTSE 100 at 7,482.37 points (+0.57%), the SMI at 11,166.32 points (+0.39%), the AEX at 727.87 points (+0.57%), the SMI at 11,166.32 points (+0.39%), the AEX at 727.87 points (+0.57%), the SMI at 11,166.32 points (+0.39%) 0.71%), the BEL 20 at 3,798.91 points (+0.95%), the IBEX 35 at 8,272.50 points (+1.28%), the Nikkei 225 at 27,995.19 points (-0.90%).

As far as the exchange rate is concerned, the change from the close in New York indicates that EUR/USD opens at 1,0197 (+0.01%), EUR/JPY at 137.54 (-0.10%), USD/JPY at 134.92 (-0.07%).

On Monday evening, the biotechnology company Valneva and its American partner and shareholder Pfizer announced that they had launched a phase 3 clinical study of their experimental Lyme disease vaccine. For its part, the pharmaceutical industry supplier Sartorius Stedim Biotech announced on Monday that it would acquire 100% of the British company Albumedix from private investors for nearly 415 million pounds sterling (about 492 million euros).

For its part, the European aeronautics and defense group Airbus announced that it had received 401 new aircraft orders and delivered 46 aircraft to 30 customers in July. This Tuesday, Getlink presents its shuttle traffic figures for the month of July.

Care should be taken before the July US inflation figures are released this week. Thus, European equity markets could open slightly lower on Tuesday. Around 7:10am, the CAC 40 futures contract lost 21.4 points, or 0.3%, according to data from the IG Markets broker. The DAX contract fell 35 points, or 0.3%, and the FTSE 100 contract dropped 12.8 points, or 0.2%.

While investors await new hints about the Federal Reserve's (Fed) upcoming interest rate decisions, the New York Stock Exchange closed without much change on Monday. For their part, Asian equity markets moved in a contrasting manner on Tuesday. At the end of the session, the Nikkei index lost 0.9% in Tokyo, the Shanghai Composite gained 0.3% and the Hang Seng Index on the Hong Kong Stock Exchange gained 0.9%.

After Friday's sell-off, with the effect of a further increase in the reversal of the 2- and 10-year yield curve, investors are again turning massively to bonds. This reversal reinforces the argument that the market expects a significant increase in short-term rates, followed by cuts as the economy slows down. Around 7:20am, the 10-year US Treasury rate was stable at 2.761%. The 2-year stock lost about 1 basis point to 3.198%.

On the foreign exchange market, the euro was stable against the dollar on Tuesday morning but was losing ground against the yen, like the greenback. The greenback remained under pressure during the Asian session as traders prepare for the announcement of inflation figures in the United States on Wednesday.

Oil prices fell during the Asian session on Tuesday, with ANZ noting that the prospect of a deal on Iran's nuclear program and concerns about demand continued to attract attention. Crude oil futures ended higher on Monday, continuing the rebound that started from the low point reached in February. Around 7:20 a.m., the October Brent futures contract was down 21 cents to $96.44 per barrel, while the September WTI contract fell 18 cents to $90.58 per barrel.