At the opening on Wednesday, European equity markets are expected to be hesitant. The Eurostoxx 50 opens at 3,652.52 points (-0.16%), the CAC 40 at 6,362.02 points (-0.26%), the DAX 40 at 13,194.23 points (-0.27%), the FTSE 100 at 7,488.11 points (-0.61%), the SMI at 10,933.06 points (-1.38%), the AEX at 710.87 points (-0.61%), the SMI at 10,933.06 points (-1.38%), the AEX at 710.87 points (-0.61%), the SMI at 10,933.06 points (-1.38%), the AEX at 710.87 points (-0.61%) 02%), the BEL 20 at 3,703.38 points (-0.89%), the IBEX 35 at 8,226.30 points (-0.71%), the DJIA at 32,909.59 points (-0.47%), the Nasdaq at 12,381.30 points (-0.00%), the S&P 500 at 4,128.73 points (-0.22%) and the Nikkei 225 at 28.339, 46 points (-0.40%).

As for exchange rates, the change compared to the close mentions that in New York, EUR/USD is at 0.9959 (-0.12%), EUR/JPY at 135.86 (-0.36%) and USD/JPY at 136.43 (-0.24%).

OVHcloud, a specialist in cloud computing services, announced Tuesday evening that its executive vice president and chief financial officer, Yann Leca, would leave the company at the end of October, after the announcement of the 2022 financial results. This is in order “to give a new direction to his professional career”. Thus, in a press release, the company announces that “a recruitment process is currently underway to fill his position.”
For the month of July, Vinci is presenting traffic figures at its airports and on its motorways this Wednesday. It should be noted that no economic indicators are due to be published on Wednesday in France.

Uncertainty persists about the extent of future rate hikes by the US Federal Reserve (Fed), while European equity markets should have trouble orienting themselves when they open on Wednesday.
The FTSE 100 contract gained 5 points, or 0.1%, and the DAX contract fell 42.5 points, or 0.3%. According to data from the IG Markets broker, around 7:40am, the CAC 40 futures contract lost 10.3 points, or 0.2%.
For the third session in a row, the New York Stock Exchange closed lower on Tuesday. Also, in recent days, the US stock market has been penalized by comments from central bankers that suggest that the Fed will continue to drastically tighten its monetary policy to fight inflation. Similarly, on Monday, the Nasdaq index and the S&P 500 dropped more than 2%.
Investors are increasingly worried that the Fed Chairman will believe Ipek Ozkardeskaya, an analyst at Swissquote Bank. For his part, Jerome Powell confirms his restrictive position when he speaks Friday in Jackson Hole. Ipek Ozkardeskaya says that “Now that the Jackson Hole meeting is approaching, the [bullish stock market] bets are decreasing, because it is impossible for the Fed to soften its rhetoric while inflation [in the US] remains around 8.5%.”
The main equity markets fell in Asia. The Hang Seng Index on the Hong Kong Stock Exchange lost 1.3%, the Shanghai Composite fell 1.4% and the Nikkei Index lost 0.4% in Tokyo at the end of the session.
During the Asian session on Wednesday, US Treasury bond yields moved hesitantly. During the night, there is a reduction in the inversion of the curve.
The 2-year bond rate gained about 1 basis point to 3.299% and the 10-year US Treasury bond lost 1 basis point to 3.035% around 7:20 a.m.
The fall in new home sales in July in the United States reinforced the hypothesis that a slowdown in the economy could push the Fed to moderate its rate hikes. The US Department of Commerce reported this on Tuesday.

Against the dollar, the euro gave way on Wednesday morning. Against the yen, the single currency fell more sharply while the greenback fell against the Japanese currency. After the release of disappointing economic indicators in the United States, the dollar weakened on Wednesday. According to IG, who are waiting for the Jackson Hole symposium, which could provide investors with new clues about the direction of the Fed's monetary policy, they should wait and see.

In Asia, crude oil futures were trading lower on Wednesday and have likely been operating since mid-August after closing on Tuesday, a technical correction of the WTI contract to its highest level.
According to Edward Moya, at Oanda, the outlook can be improved as the indicators published on Tuesday could push OPEC+ member countries to decide to cut production soon.
The October contract on Brent lost 44 cents to $99.78 per barrel while the same maturity contract on the WTI listed in New York lost 29 cents to $93.45 per barrel around 7:30am.