Before inflation in the United States, European equity markets are expected to fall on Wednesday. Thus, the Eurostoxx 50 opens at 3,715,37 points (-1,11%), the CAC 40 at 6,490.00 points (-0,53%), the DAX 40 at 13,534.97 points (-1,12%), the FTSE 100 at 7,488.15 points (+0.08%), the SMI at 11,132.48 points (-0.30%), and the AEX at 716.93 points (+ 0.08%). -1.50%), the Nasdaq at 12,493.93 points (-1.19%), the S&P 500 at 4,122.47 points (-0.42%) and the Nikkei 225 at 27,805.09 points (-0.70%).

On the exchange side, the change from the close in New York indicates that EUR/USD opens at 1.0215 (+0.02%), EUR/JPY at 137.88 (-0.12%), and USD/JPY at 134.97 (-0.14%).

The electricity producer EDF announced Tuesday evening that it had filed a claim for compensation from the State to compensate for the loss of profits linked to the implementation of the “tariff shield” on electricity prices. Colas Rail, a subsidiary of the diversified conglomerate Bouygues, announced on Tuesday that it had signed a contract to acquire 100% of the shares in the German Hasselmann group, which specializes in the construction of railways and rail infrastructure.

There are no events on the corporate agenda for Wednesday. The macroeconomic agenda is also empty.

European stock markets European stock markets are expected to open lower on Wednesday, as anxiety over the upcoming release of inflation figures in the United States and the sell-off in the semiconductor sector on Wall Street are undermining confidence in investors. Around 7:40am, the CAC 40 futures contract was down 18.4 points, or 0.3%, according to data from the IG Markets broker. The DAX contract fell 39.5 points, or 0.3%, and the FTSE 100 contract dropped 21 points, or 0.3% as well.

The hope that inflation in the United States has peaked has allowed the S&P 500 to rebound by more than 13% from its June low, as some investors bought into the theory that slowing inflation could allow the Federal Reserve (Fed) to adopt a less sustained pace of monetary tightening.

The New York Stock Exchange ended in the red on Tuesday after several disappointing corporate publications, in a cautious market on the eve of the release of inflation figures in the United States. In Asia, equity markets lost ground on Wednesday. At the end of the session, the Nikkei index lost 0.7% to Tokyo, the Shanghai Composite dropped 0.5% and the Hang Seng Index on the Hong Kong Stock Exchange fell by 2.1%.

U.S. Treasury bond yields changed little during the Asian session on Wednesday, after a sell-off on Tuesday that pushed the 2-year stock rate to its highest level in nearly two months. Around 7:20 a.m., the 10-year US Treasury rate rose by 1 basis point, to 2.797%. The 2-year stock price was stable at 3.260%.

Markets estimate that the Fed is 67.5% likely to raise its key rate by 75 basis points at the end of the September 20-21 meeting, to a range of 3% to 3.25%. Based on the evolution of federal funds futures, market participants generally expect this range to rise to 3.5%-3.75% by March 2023.

The euro was stable against the dollar on Wednesday morning but was losing ground against the yen, like the greenback, in a cautious market before inflation figures were released in the United States. A 75 basis point rate hike by the Federal Reserve in September would likely remain on the table.

Crude futures prices continued their downward movement on Wednesday during the Asian session. Investors are assessing the effects of further supply disruptions as signs of increased demand appear. Around 7:20 a.m., the October Brent futures contract was down 56 cents to $95.75 per barrel, while the September WTI contract fell by 69 cents to $89.81 per barrel.