The words of Powell and Williams reassure the European equity market, which is expected to open higher. The Eurostoxx 50 opens at 4,112.33 points (+0.71%), the CAC 40 at 6,602.54 points (+0.51%), the DAX 30 at 15,603.24 points (+1.00%), the FTSE 100 at 7,062.29 points (+0.64%), the SMI at 11,995.63 points (+0.46%), the AEX at 723.77 points (+0.58%), the BEL 20 at 4,154.77 points (+0.41%), the IBEX 35 at 9,051.70 points (+0.23%), the DJIA at 33,876.97 points (+1.76%), the Nasdaq at 14,141.48 points (+0.79%), the S&P 500 at 4,224.79 points (+1.40%) and the Nikkei 225 agrave; 28,865,14 points

With regard to the change in the exchange rate compared to the close in New York, EUR/USD fell by 0.10% to 1.1908, EUR/JPY also fell by 0.03%, or 131.47, while USD/JPY gained 0.09%, or 110.43.

In France, Vivendi is holding a highly anticipated general meeting on Tuesday. In particular, shareholders must vote on the proposed division of UMG, which is scheduled to be listed on the Amsterdam Stock Exchange by September 27 at the latest. In addition, the shareholders' vote on the group's share buy-back plan, which is not unanimously supported, is monitored. The two main proxy advisors, Glass Lewis and ISS, recently recommended voting against this program.

European equity markets are expected to continue growing on Tuesday, driven by Jerome Powell's reassuring words about the American economy. Around 7:40am, the CAC 40 futures contract gained 25 points, or 0.4%, according to data from the broker IG Markets. The DAX 30 contract increased by 45 points, or 0.3%, and the FTSE 100 contract advanced by 21 points, or 0.3%. Federal Reserve Chairman Jerome Powell said on Monday that job creation is expected to accelerate in the coming months in the United States and that recent inflationary surges should ease as the recovery continues. The Fed will continue to support the economy “as long as necessary” until the crisis is fully over, the leader added, while some Fed members have talked about a possible reduction in bond purchases put in place just over a year ago

New York Fed Chairman John Williams also said he was opposed to withdrawing monetary support from the central bank on Monday. John Williams believed that the American economy had not yet recovered sufficiently after the pandemic. After these comments, Wall Street rebounded sharply on Monday, led by industrial stocks after a turbulent week due to fears of inflation and tightening monetary policy. The Dow Jones Index (DJIA) closed up 1.8%, at 33,876.97 points, and the broader S&P 500 Index rose 1.4%, to 4,224.79 points. The Nasdaq Composite rose 0.8% to 14,141.48 points. Last week, the Dow Jones Index had its biggest percentage drop since the week ending October 30.

Long-term U.S. Treasury bond yields stabilized on Tuesday morning, after a volatile session in New York that some strategists attributed to selling positions, as investors were forced to make their bets on falling bond prices. At 7:40 a.m., the yield on the ten-year Treasury note, the market benchmark, stood at 1.492%, compared to 1.499% on Monday evening. According to Oxford Economics, the Fed's strong influence on the bond market is not expected to subside, even when it starts reducing asset purchases. Oxford Economics points out that in the first quarter, the Fed owned 24.7% of the outstanding bond market, a slight decrease compared to 25.1% in the last three months of 2020. “This proportion is expected to remain close to 25% well after the Fed starts reducing purchases. “Oxford Economics also indicates that foreign investors remain more important players in the US sovereign debt market than the Fed

The euro fell against the dollar on Tuesday morning after Jerome Powell's remarks. According to JPMorgan, the recent restrictive turnaround by the Fed is a bullish turn for the dollar after an indecisive first half. “The Fed removed the guarantee of stable monetary policy for several years, which was critical to the market's pessimistic belief about the dollar since the transition to an average inflation target [...] The change in the Fed's reaction function is very clearly in favor of the dollar against low-yielding reserve currencies, whose monetary policy is firmly anchored by historically low inflation,” the bank said. For its part, Goldman Sachs believes that the dollar will not appreciate sustainably. In a scenario where markets continue to incorporate a tightening of the Fed's monetary policy, the euro could still lose 2% against the greenback if eurozone rates remain unchanged at the same time, the bank calculates

Oil contracts changed little on Tuesday morning, after reaching their highest closing level since 2018 on Monday thanks to the weakening of the dollar and a renewed appetite for risk. Oil prices continue to rise, thanks to “positive news from all sides,” said Manish Raj, chief financial officer of Velandera Energy. “Continued economic recovery after the pandemic and sustained demand growth are causing tensions on the physical market,” he said, adding that the outcome of the Iranian presidential election “indicates that a nuclear deal with Iran, and therefore a growth in Iranian supply, remains out of reach. “At 7:30am, the August contract for North Sea Brent gained 15 cents, at $75.05 per barrel, and the contract of the same maturity on light sweet crude (WTI) listed on Nymex was unchanged at