At the opening this Wednesday morning, the Eurostoxx 50 posted 4,096.01 points down 0.04% while the CAC 40 expects an increase of +0.11% to 6,551.01 points. The DAX 30 posted 15,640.60 points with a fall of 0.23%, the FTSE 10 at 7,095.09 points up by 0.25%, the SMI at 11,656.89 points up by 0.23%, the AEX at 719.43 points up by 0.11%, the BEL 20 at 4,107.56 points down 0.05%, the IBEX 35 at 9,153.60 points down by 0.11%, The DJIA at 34.599.82 points down 0.09%, the Nasdaq at 13,924.91 points up 0.31%, the S&P 500 at 4,227.26 points up 0.02% and the Nikkei 225 at 28,854.22 points, a decrease of 0.38%

As far as the exchange rate is concerned, the change from the close in New York shows a rise of 0.07% in EUR/USD to 1.2181, EUR/JPY to 133.35 up by 0.06% and USD/JPY to 109.49 down by 0.01%.

In France, Soitec is presenting its results for the year ended March 31, 2021 on Wednesday, while Rubis is bringing its shareholders together at a general meeting. On Tuesday evening, Renault announced that it had been indicted on Tuesday for “deception” as part of an investigation into polluting emissions from older generations of diesel vehicles. The group will have to deposit a bond of 20 million euros, including 18 million euros for the possible payment of damages and fines, and provide a bank guarantee in the amount of 60 million euros to compensate for possible damages. Airbus Helicopters has announced that it has reached an agreement with the German group ZF Friedrichshafen to acquire ZF Luftfahrttechnik

Major European equity markets are expected to hesitate at the opening on Wednesday as investors wait and see the week's two key events, the European Central Bank's (ECB) monetary policy decision and the US consumer price index, both scheduled for Thursday. At 7:30am, the CAC 40 futures contract gained 10 points, or 0.15%, according to data from the IG Markets broker. The DAX 30 contract was up 8.5 points, or 0.05%, while the FTSE 100 contract fell 8 points, or

Investors are worried about the effects of the global economic recovery on inflation and, therefore, on the monetary policy of central banks. They will certainly react to inflation figures in China, where producer prices jumped 9% in May, driven by higher commodity prices. This is the largest increase in this indicator in 13 years. The NAB bank points out, however, that if inflation in the United States is higher than expected but is fuelled by temporary factors, the Federal Reserve (Fed) is unlikely to change its position. For its part, the ECB should do its best to protect markets from fears of a gradual reduction in asset purchases (“tapering”), says Annalisa Piazza, analyst at MFS Investment Management. “We rule out the idea that the ECB is ready to let the market absorb tapering fears,” she said.

The consumer price index in China rose much more moderately, by 1.3% year on year. In this context, Asian markets present a mixed picture. At the end of the session, the Nikkei index lost 0.4% in Tokyo and the Hang Seng on the Hong Kong Stock Exchange lost 0.1%. On the other hand, the Shanghai Composite Index gained 0.3%. In the United States, Wall Street finished in a mixed order on Tuesday. The Dow Jones Index (DJIA) closed down less than 0.1% to 34,599 points, and the broader S&P 500 index rose 0.02% to 4,227.26 points. The tech-dominated Nasdaq Composite gained 0.3% to 13,924 points

Treasury bond rates have lost ground in recent days, before U.S. inflation figures were released on Thursday. These data should shed additional light on the recovery of the economy after the health crisis. U.S. Treasury bond yields continued to fall on Wednesday morning. Ten- and 30-year bond rates fell to their lowest levels in at least three months on Tuesday as investors were nervous ahead of upcoming ECB and Fed policy meetings. At 7:30am, the yield on the ten-year Treasury note, the market's benchmark stock, stood at 1.525%, compared with 1.543%

The ECB should be more cautious than the Fed in the short term, which could lead to a fall in the euro against the dollar and a rise in eurozone equity markets, warns Evercore ISI, however. Because, the euro posted a slight increase against the dollar on Wednesday morning. The ECB may recognize that economic indicators have improved at its meeting on Thursday, but it should opt for patience, postponing any decision on the pace of bond purchases under the Pandemic Emergency Purchase Programme (PEPP) until September

Oil contracts gained ground Wednesday morning, thanks to improved demand prospects. Prices of sweet light crude (WTI) listed on Nymex ended higher on Tuesday in New York, breaking the $70 mark for the first time since October 2018. The U.S. Department of Energy raised its price forecasts for WTI and Brent again in 2021 as demand picked up, according to its monthly report released Tuesday. On Tuesday evening, the American Petroleum Institute (API) for its part announced a decrease of 2.1 million barrels in crude inventories and an increase of 2.4 million barrels in gasoline inventories last week. At 7:20 a.m., the August North Sea Brent contract was trading 37 cents at $72.59 per barrel, while the July WTI contract earned 39 cents at $70.44 per barrel. Operators are now waiting for the publication of crude stocks in the United States, which should have fallen by 2.3 million barrels during the week ending June 4. This would be the third consecutive fall in stocks.