European markets should hesitate while waiting for ZEW and the resumption of trading on Wall Street. This Tuesday, July 6, 2021, the Eurostoxx 50 opens at 4,087.37 points (+0.07%), the CAC 40 at 6,567.54 points (+0.22%), the DAX 30 at 15,661.97 points (+0.08%), the FTSE 100 at 7,164.91 points (+0.58%), the SMI at 11,967.57 points (+0.02%), the AEX at 733.99 points (+0.06%), the BEL 20 at 4,173.92 points (+0.07%), the IBEX 35 at 8,946.40 points (+0.44%), the DJIA at 34,786.35 points (+0.44%) at the close of July 2, the Nasdaq at 14,639.33 points (+0.81%) at the end of July 2, the S&P 500 at 4,352.34 points (+0.75%) at the close of July 2 and the Nikkei 225 at 28,686.58 points up 0.31% (price at 7:25 am).

As regarding the exchange rate, the change from the close in New York indicates that THE EUR/USD opens at 1.1872 (+0.06%), the EUR/JPY at 131.61 down 0.05%, the USD/JPY at 110.86 (0.11%).

The main European equity markets are expected to change little on Tuesday at the opening, a situation that could last until the return of US investors after an extended weekend in the United States. At 7:30 a.m., the CAC 40 futures contract gained 0.7 points, or 0.01%, according to data from broker IG Markets. The DAX 30 contract was down 9 points, or 0.06%, and the FTSE 100 contract was down 12 points, or 0.2%. Investors are awaiting the ZEW Index of Investor Sentiment in Germany for July on Tuesday, ahead of the US services PMI and ISM indices. In Asia, the main stock market indices present a mixed picture on Tuesday. At the end of the session, the Nikkei index gained 0.3% in Tokyo, while the Hang Seng lost 0.3% in Hong Kong. The Shanghai Composite Index was down 0.4%.

U.S. Treasury yields are trading slightly higher on Tuesday morning. At 7:30 a.m., the yield on the ten-year Treasury bill, the market's benchmark, stood at 1.446%, compared with 1.437% on Friday night. U.S. bond markets were closed on Monday for U.S. National Day. In addition, more than two-thirds of investors consider a withdrawal by the European Central Bank (ECB) from its Pandemic Emergency Purchase Programme (PEPP) to be the most important source of volatility for euro area government bonds over the next six to nine months, Say Citi's rate strategists, citing a survey of their readers conducted in June.

On the foreign exchange market, the euro gains ground against the dollar but retreats against the yen on Tuesday morning, as the Japanese currency, considered a safe haven asset, is supported by concerns about the resurgence of Covid-19 cases in Asia.

Oil prices continue to rise on Tuesday morning after the cancellation of the meeting between the Organization of Petroleum Producing Countries (OPEC) and its Allies led by Russia on their production levels. #39;evolution of informal negotiations behind closed doors. Prices could soar in both directions," warn analysts at Rystad Energy.  OPEC cancelled Monday's scheduled meeting with Russian-led oil producers after the United Arab Emirates, usually one of Riyadh's main backers within the group, refused to accept a Saudi-backed deal to increase production. indicated people close to the file. The UAE said it was asking for some leeway to produce more oil as part of any deal. This reluctance to compromise comes as Riyadh and Abu Dhabi, neighbors, military partners and traditional OPEC allies, diverge on several fronts, economic and geopolitical. At 7:20 a.m., the September contract for North Sea Brent gained 32 cents to $77.48 a barrel and the August contract for Nymex-traded light sweet crude (WTI) was up $1.54 to $76.70 a barrel.