Equity markets should try to recover at the opening. The Eurostoxx 50 opened at 3,526.86 points (-2.82%), the CAC 4 at 6,086.02 points (-2.75%), the DAX 40 at 13,380.67 points (-2.15%), the FTSE 100 at  7,216.58 points (-2.32%), the SMI at 11,444.18 points (-2.44%), the AEX to 666.17 points (-2.35%), the BEL 20 to 3,883.77 points (-3.42%), the S&P 500 to 3,991.24 points (-3.20%) and the Nikkei 225 to 26,157.21 points (-0.61%).
On the exchange rate side, the change from the close in New York shows that EUR/USD opens at 1.0580 (+0.17%), EUR/JPY at 137.98 (+0.26%) and USD/JPY at 130.42   (+0.09%).
The National Institute of Statistics and Economic Studies (INSEE) announced Monday evening that it expects "moderate" growth, limited to a quarter of a percentage point, in the gross domestic product of the France in the second quarter. Inflation will continue to rise in May and June, INSEE added in its latest economic update.

European equity markets are expected to open slightly higher on Tuesday, although investor confidence remains fragile. At 7:40 a.m., the CAC 40 futures contract gained 31.4 points, or 0.5%, according to data from broker IG Markets. The contract on the DAX 40 was up 77.6 points, or 0.6%, and the FTSE 100 contract was up 12.5 points, or 0.2%. The New York Stock Exchange again ended sharply lower on Monday, falling to its lowest levels since the beginning of the year, amid ongoing concerns about global economic growth, rising rates and inflation. The S&P 500 index closed below 4,000 points for the first time in more than a year. Investors remain worried about the Fed's plans, which could tighten monetary policy to the latest levels since the early 80s to control inflation, which could significantly dampen the economy. According to a Wall Street Journal survey of economists from public or private institutions, nearly 28 percent believe a recession will take place in the next 12 months, up from just 18 percent in January.
Market sentiment could be summed up in one word, "bad," said Daniel Tenengauzer, head of market strategy and outlook at BNY Mellon. According to BNY's model, financial markets are even worse off than they were during the 2008 global financial crisis, and  in Asia, major stock markets are trading in contrasts on Tuesday. At the end of the session, the Nikkei index was down 0.6% in Tokyo and the Hang Seng index was down 2.8% in Hong Kong, while the Shanghai Composite gained 0.2%.

Treasury yields continue their decline on Tuesday after the 10-year yield briefly edged 3.20% in New York.

The euro appreciates Tuesday morning against the dollar and the yen. The greenback is also gaining some ground against the Japanese currency.
  
Oil contracts continue to decline on Tuesday morning, as the European Union's planned embargo on Russian crude oil faces some resistance. Countries that rely heavily on Russia for their oil supplies are seeking to extend the transition phase, ANZ said. At 7:20 a.m., the July contract for North Sea Brent fell 82 cents to $105.12 a barrel and the June contract for Nymex-listed light sweet crude (WTI) lost 79 cents to $102.30 a barrel.