Econdy markets are expected to move little at the opening, before inflation in the US. The Eurostoxx 50 opened at 4,187.82 points, an increase of 0.26%, the CAC 40 at 6,820.21 points (+0.10%), the DAX 30 at 15,770.71 points (+0.16%), the FTSE 100 at 7,161.04 points (+0.40%), the SMI at 12,361.69 points (+0.41%), the AEX at 775.12 points (+0.43%), the BEL 20  at 4,329.13 points (+0.29%), the IBEX 35 at 8,899.00 points (+0.37%), the DJIA at 35,264.67 points (+0.46%), the Nasdaq  at 14,788.09 points (-0.49%), the S&P 500 at 4,436.75 points (+0.10%) and the Nikkei 225 is at 28,026.37 points with an increase of 0.50%.

As regarding the exchange rate, the change from the close in New York indicates that EUR/USD opens at 1.1720 with a decline of 0.02%, EUR/JPY at 129.71 (+0.07%) and USD/JPY at 110.68 with an increase of 0.09%.

Investment fund Pershing Square Holdings announced Tuesday that it has acquired a 7.1% stake in Universal Music Group from Vivendi for about $2.8 billion in cash. The investment fund said it could acquire an additional 2.9% of UMG's capital at the same price by September 9. No macroeconomic indicators are due to be released on Wednesday in France.

Ecoditure markets are expected to move little at the beginning of the session on Wednesday, pending the release of the latest inflation figures in the United States. European equities have recently seen a series of widespread gains. The Stoxx Europe 600 index closed Tuesday up 0.3%, ending in the green for the seventh consecutive session. At 7:40 a.m., the CAC 40 futures contract was unchanged, according to data from broker IG Markets. The contract on the DAX 30 was up 1.5 points, or 0.01%, and that on the FTSE 100 was up 8.5 points, or 0.1%.

The New York Stock Exchange closed in a contrasting fashion on Tuesday. The Dow Jones and the S&P 500 nevertheless surpassed their all-time highs set last week, benefiting from the easing of fears for the health situation and the adoption by the US Senate of the $1 trillion infrastructure investment plan. In Asia, equity markets are gaining ground on Wednesday. At the end of the session, the Nikkei index of the Tokyo Stock Exchange advanced by 0.5%, the Hang Seng index was up 0.2% in Hong Kong and the Shanghai Composite was up 0.3%.

US Treasury bond yields rose Wednesday morning, after closing higher on Tuesday, following the U.S. Senate's passage of the Biden infrastructure investment plan. This plan includes $550 billion in new spending on public works, more than was already planned. At 7:30 a.m., the yield on the benchmark ten-year U.S. Treasury bond rose to 1.359%, after closing Tuesday at 1.357%. According to asset manager Louis Navellier, the sharp rise in yields remains linked to the employment report published last Friday, while the figures on consumer prices for the month of July, which will be published on Wednesday, will be closely examined.

The euro is almost stable Wednesday morning against the dollar but gains some ground against the yen, like the greenback. The announcement of higher-than-expected inflation in the United States could push the dollar even higher, IG said. The U.S. Dollar index has gained nearly 1.2% since last week, buoyed by restrictive comments from several Fed officials and higher-than-expected job creation in the United States. TD Bank points out that the index is currently above its 200-day moving average, which generally means that the dollar will appreciate in the coming months.

Oil prices are trading slightly lower on Wednesday morning, after an eventful start to the week. Demand for oil could grow more strongly than supply, despite the spread of the Delta variant of the coronavirus, notes the CBA bank. On Monday, fears of a surge in Covid-19 cases, particularly in China, had caused crude oil prices to fall. However, oil ended up more than 2% on Tuesday, recovering its losses from the previous day, after the US Senate passed the Biden administration's $1 trillion infrastructure plan. At 7:15 a.m., the October Contract for North Sea Brent lost 15 cents to $70.48 a barrel. The September contract for light sweet crude (WTI) listed on the Nymex was down 17 cents to $68.12 a barrel.