European equities expected to be close to balance after Powell's remarks on inflation. The Eurostoxx 50 opens at 4,123,13 points up by 0.26%, the CAC 40 at 6,611.50 points (+0.14%), the DAX 30 at 15,636.33 points (+0.21%), the FTSE 100 at 7,090.01 points (+0.39%), the SMI at 11,982.48 points (-0.11%), the AEX at 728.59 points (+0.39%), the SMI at 11,982.48 points (-0.11%), the AEX at 728.59 points (+0.67%), the BEL 20 at 4,155.82 points (+0.03%), the IBEX 35 at 9,053.30 points (+0.02%), the DJIA at 33,945.58 points (+0.20%), the Nasdaq at 14,253.27 points (+0.79%), the S&P 500 at 4,246.44 points (+0.51%), and the Nikkei 225 to 28.879.27

On the exchange rate side, the change compared to the close in New York indicates that EUR/USD lost 0.18% (1.1923), EUR/JPY fell 0.09% (132.05) and finally USD/JPY, which gained 0.08% (110.77).

In France, investors will be watching for the manufacturing and service sector PMI indexes in June, a month in which new restrictions related to the Covid-19 pandemic have been lifted this Wednesday. In particular, the improvement in the health situation in France should have supported service activity, and economists polled by the Wall Street Journal expect the sector's PMI index to rise to 59.2 this month, from 56.6 in May. On the corporate side, Valneva brings its shareholders together in a general meeting. European equity markets are expected to move little at the opening of Wednesday, despite the reassuring remarks made by the Chairman of the Federal Reserve (Fed), Jerome Powell, about inflation. At 7:35am, the CAC 40 futures contract yielded 3 points, or 0.05%, according to data from the broker IG Markets. The contract on the DAX 30 fell by 5.5 points, or 0.04%, and the contract on the FTSE 100 lost 3 points, or 0.04%. Many economists believe that the acceleration of inflation in recent months in the United States will lead to a gradual withdrawal of monetary support measures, starting with the Fed's bond purchases, currently worth $120 billion per

On Wednesday, investors will pay attention to the manufacturing and service sector PMI indexes in Europe and the United States. The figures for new home sales in May and weekly oil inventories across the Atlantic will also be monitored. In Asia, equity markets rose on Wednesday morning, in the wake of Wall Street's rise the day before. At the end of the session, the Nikkei index on the Tokyo Stock Exchange gained 0.02%. The Shanghai Composite rose 0.3% and the Hang Seng Index rose 1.5%

U.S. Treasury bond yields recovered Wednesday morning after falling the previous day, as Jerome Powell reiterated that the Fed would slowly reduce its support measures. At 7:35am, the yield on the ten-year Treasury note, the market benchmark, stood at 1.475%, compared to 1.467% on Tuesday evening. In Europe, adding European Union bonds to euro sovereign debt benchmarks would change the situation in terms of demand for these securities and flows, believes Peter McCallum, rate strategist

The euro fell against the dollar on Wednesday morning, after comments by Jerome Powell who downplayed the threat of accelerated inflation. He also said that no currency could compete with the dollar's reserve currency status. Looking forward to six months, Pictet left its forecast unchanged, at 1.24 dollars, compared to 1.1921 dollars on Wednesday at 7:35am. Moreover, the pound sterling is BNP Paribas' favorite among the G10 currencies, at a time when markets are beginning to anticipate a withdrawal of monetary support measures from the Bank of England (

Oil contracts rose Wednesday morning, allowing North Sea Brent crude oil to pass the $75 threshold. On Tuesday evening, the American Petroleum Institute (API) trade association reported a 7.2 million barrel drop in crude inventories in the United States last week, while gasoline inventories rose by 959,000 barrels. These rather favorable data were published before the official report of the Department of Energy on inventories, expected this Wednesday. According to analysts polled by the Wall Street Journal, crude inventories are expected to fall by 4.1 million barrels and gasoline inventories are expected to have increased by 800,000 barrels last week. Around 7:30 a.m., the August North Sea Brent contract was gaining 51 cents, at $75.32 per barrel, and the contract with the same maturity on Nymex-traded soft light crude (WTI) rose 40 cents, at $73.25