European stock markets are expected to rebound on Tuesday, in the wake of Wall Street. The Eurostoxx 50 opened at 3,757.59 points (-2.15%), the CAC 40 at 6,449.38 points (-2.01%), the DAX 40 at 13,924.17 points (-1.54%), the FTSE 100 at  7,380.54 points (-1.88%), the SMI at 12,084.98 points (-1.41%), the AEX at  699.17 points (-2.52%), the BEL 20 at  4,124.27 points (-1.51%), the S&P 500 at 4,296.12 points (+0.57%) and the Nikkei 225 at 26,785.35 points (+0.73%).
Regarding exchange rates, the change from the close in New York indicates that EUR/USD is at 1.0727 (+0.12%), EUR/JPY at 137.39 (+0.16%), USD/JPY at 128.09 (-0.04%).
European equity markets are expected to post sharp gains on Tuesday at the opening, in the wake of the rebound on Wall Street, where technology stocks benefited monday at the end of the session of cheap purchases. At 7:35 a.m., the CAC 40 futures contract was up 97 points, or 1.5%, according to data from broker IG Markets. The DAX 40 contract gained 198 points, or 1.4%, and the FTSE 100 contract gained 76 points, or 1%. Major European indexes suffered sharp declines on Friday and Monday as the market worried about tightening central banks' monetary policies and the economic repercussions of possible new lockdowns in China.
Wall Street ended higher on Monday after a volatile session, which finally benefited technology stocks after the sharp decline last week. The Dow Jones Index (DJIA) gained 0.7% to 34,049.46 points after losing as much as 1.2% in early trading. The broader S&P 500 index rose 0.6% to 4,296.12 points. The Nasdaq Composite, rich in technology stocks, gained 1.3% to 13,004.95 points, also overcoming its sharp decline in the early morning. In the wake of Wall Street's rebound, Asian markets are trading in the green on Tuesday. In Tokyo, the Nikkei index was up 0.6% at the end of the session. The Hong Kong Stock Exchange's Hang Seng was up 1.6% and the Shanghai Composite was up 0.5%.
Strong demand for U.S. Treasury bonds caused yields to fall on Monday, as worries about the Chinese economy added to fears of a faster-than-expected rise in Federal Reserve (Fed) interest rates and prompted investors to turn away. assets deemed risky. Markets are facing a busy week on the economic front, while Fed members are observing a period of silence ahead of the monetary policy committee meeting scheduled for May 3-4. The PCE index measuring prices related to U.S. household consumer spending in March, the Fed's preferred indicator for inflation, will be released on Friday. On Monday, traders trading federal funds futures downgraded their forecasts of a 75 basis point increase in Fed rates in June. The probability of such a move, which would have followed the 50 basis point hike expected in May, fell to 81 percent from 91 percent on Friday, according to CME Group's FedWatch tool.
The dollar is losing ground on Tuesday morning while remaining at an overall high level, especially against the euro and the pound sterling. Around 7:30 a.m., the euro gained 0.1% to $1.0725.
Oil prices are recovering on Tuesday after ending at a two-week low on Monday in New York. However, Nymex-listed light sweet crude (WTI) is still trading below $100 per barrel.
At 7:20 a.m., the June Contract for North Sea Brent gained $1.13, or 1.1%, to $103.45 a barrel, while the same maturity contract for WTI gained $0.88, or 0.9%, to $99.42 a barrel.