Equity markets are expected to recover at the opening, in the wake of Wall Street's late rebound. The Eurostoxx 50 opens at 3,359.83 points (-2.68%), the CAC 40 at 5,794.96 points (-2.68%), the DAX 40 at 12,401.20 points (-2.91%), the FTSE 100 at 7,025.47 points (-2.86%), the SMI 10,702.50 points (-1.65%), the AEX at 644.22 points (-2.86%) 2.2.33%), the BEL 20 at 3,663.02 points (-0.84%), the IBEX 35 to 7,959.40 points (-2.48%) and the Nikkei 225 to 26,114.40 points (-1.17%).

On the exchange rate side, the change over the close in New York indicates that EUR/USD opens at 1.0246 (-0.19%), EUR/JPY at 138.71 (-0.54%), and USD/JPY at 135.39 (-0.35%).

Investors will follow Prime Minister Elisabeth Borne's monetary policy statement before Parliament on Wednesday.
The main European equity indices are expected to start trading in the green on Wednesday, regaining color after their sharp decline the day before. At 7:35am, the CAC 40 futures contract gained 71 points, or 1.2%, according to data from the broker IG Markets. The DAX 40 contract won 158 points, or 1.3%, and the FTSE 100 contract advanced 73 points, or 1%.
Markets should be supported early in the session by the late rebound in tech stocks on Wall Street on Tuesday, which allowed major American indices to erase most of their initial losses. The Dow Jones Index (DJIA) thus ended up down 0.4%, to 30,967.82 points. The S&P 500 won 0.2%, to 3,831.39 points, and the Nasdaq Composite won 1.8%, to 11,322.24 points. In Asia, the main indexes fell on Wednesday, with fears of economic recession predominant in the region's markets. The Nikkei index lost 1% at the end of the session in Tokyo. The Hong Kong Stock Exchange's Hang Seng dropped 1.8%. At the same time, the Shanghai Composite Index fell by 1.3%.

US Treasury bond yields over two and ten years fell for the fourth consecutive session on Tuesday, recording their largest declines over that period since March 2020, as the US yield curve was reversed again due to a renewed concerns about economic growth.
The interest rate gap between two-year and ten-year Treasury borrowings went into negative territory during the session, making its first reversal since June 14, according to FactSet data. The market fears that the Fed's battle to curb inflation — by rapidly raising interest rates and reducing its balance sheet — will end up plunging the world's largest economy into recession.

The euro continued to fall against the dollar on Wednesday. The single currency is trading at its lowest levels in nearly 20 years against the greenback. Currency traders fear a collapse of the European economy if Russia completely shuts off the natural gas taps, reinforcing the idea that the euro could fall to parity with the dollar.

Oil prices regained some ground on Wednesday morning, after losing around 9% on Tuesday, as concerns about global economic developments fuelled uncertainty over the outlook for demand for black gold. “Industrial oil and metals should continue to react unfavourably to concerns about global growth, rising interest rates, and the surge in the dollar,” CBA estimates. The market will likely focus on demand from China, one of the largest oil importers in the world, warns the Australian bank. At 7:25am, the September North Sea Brent contract won $1.55, or 1.5%, at $104.32 per barrel. The August contract for mild mild crude oil (WTI) listed on Nymex took 88 cents, or 0.9%, to $100.38 per barrel.