Pending the start of the Fed meeting and a series of indicators, all European stocks are expected to rise on Tuesday, except for the DAX30 and the DJIA. The Eurostoxx 50 opens at 4,132.67 points, up 0.14%, the CAC 40 at 6,616.35 points, up 0.24%, the FTSE 100 at 7,146.68 points (0.18%), the SMI at 11,866.41 points (0.21%), the AEX 730.10 points (0.22%), the BEL 20 at 4,220.84 points (0.73%), the IBEX 35 9,281.10 points (0.83%), the Nasdaq at 14,174.14 points (0.74%), the S&P 500 at 4,255.15 points (0.18%) and the Nikkei 225 at 29,457.65 points (1.01%). The DJIA and the DAX 30 fell with 34.393.75 points (-0.25%) and 15,673.64 points (0.13%) respectively

The exchange rate at 06:50 indicates a change compared to the close in New York. USD/JPY remained stable at 110.08 while EUR/USD gained 1.2128 up 0.07% and EUR/JPY 133.49 up 0.07%

In France, investors will follow the final inflation figures in France in May this Tuesday. The first estimate by the National Institute of Statistics and Economic Studies (INSEE), published on 28 May, showed a 1.4% increase in consumer prices over one year, after an increase of 1.2% in April. On the corporate side, Airbus is organizing a press conference on the products and business environment of the aeronautics and defense group. Carrefour presents its new “data and retail media” strategy. Verallia brings its shareholders together in a general meeting

European equity markets are expected to open higher today and reach new records, as the Stoxx Europe 600 index peaked for the seventh consecutive session the day before. At 7:40am, the CAC 40 futures contract gained 18 points, or 0.3%, according to data from the broker IG Markets. The DAX 30 contract won 58 points, or 0.4%, and the FTSE 100 contract won 17 points, or 0.2%

Investors will pay attention to numerous economic indicators, including inflation in Germany in May, retail sales, industrial production, and producer prices in the United States. In addition, the Presidents of the European Commission and the European Council, Ursula von der Leyen and Charles Michel, will meet with the President of the United States, Joe Biden. For its part, the Federal Reserve is beginning a much-awaited monetary policy meeting in a context of recovery in the American economy and a marked increase in inflation

The S&P 500 and Nasdaq indexes reached new record highs on Wall Street, following a waitlist session prior to the Fed meeting. While the Dow Jones Index (DJIA) fell 0.3% to 34.393 points, the expanded S&P 500 index ended up 0.2% to 4,255 points, a new historic high. The Nasdaq Composite rose 0.7% to finish at a new high of 14,174.14 points

In Asia, the main indices moved in scattered order on Tuesday. The Nikkei index gained 1% at the end of the session in Tokyo. On the other hand, the Hang Seng on the Hong Kong Stock Exchange and the Shanghai Composite lost 0.8% and 0.9% in their first session of the week. These two stock exchanges were closed on Monday for a public holiday

Bond investors are preparing for the Fed meeting and waiting to hear the Fed's views on inflation in the United States. Meanwhile, U.S. Treasury bond yields fell slightly on Tuesday morning after recovering some of the ground lost last week on Monday. Steve Barrow, head of G10 strategy at Standard Bank, in a note published on Monday said Treasury bond yields could fall a bit further if the Fed is patient. For its part, Natixis points out that Treasury Equitable Bonds (OATs) do not include any political risk premium related to the presidential election in France next year when measuring the yield gap, or spread, between the ten-year Bund and the OAT of the same maturity. The evolution of yields and spreads in the autumn could be influenced by discussions on a decrease in asset purchases by global central banks and by the integration of the European Central Bank (ECB) Pandemic Emergency Purchasing Program (PEPP) into final prices, says Natixis

On the currency side, economists surveyed by the Wall Street Journal expect this indicator to fall by 0.6% over one month, as data from the previous months was supported by federal aid paid to American households. The euro rose slightly against the dollar on Tuesday morning before the publication of the monthly report on retail sales in the United States. In addition, investors will monitor any changes in the expected path of interest rates (“dot plot”), inflation projections and possible comments from Fed Chairman Jerome Powell on the schedule for reducing asset purchases on Wednesday,

TD Securities warns that the US central bank should adopt a slightly less accommodative tone than previously, which could allow the dollar to move up. Jerome Powell will likely say that discussions on a plan to withdraw asset purchases have begun, but he should insist that the timing will depend on further progress toward the Fed's goals, says TD currency strategist Ned Rumpeltin. “If confirmed, our base scenario should support the dollar,” he said

Oil contracts were rising slightly on Tuesday morning, but operators are concerned about the UK's decision to extend Covid-19 pandemic restrictions by four weeks due to the spread of the Indian variant, or Delta, in the country. At 7:35am, the August contract for North Sea Brent took 34 cents, at $73.20 per barrel, and the July contract for sweet light crude (WTI) listed on Nymex gained 33 cents, at $71.22 per barrel. This situation is likely to weigh on optimism about global fuel demand this summer, says ANZ Bank.