European markets should pick up some colors while waiting for the Fed's minutes. Eurostox 50 opens at 4,052.67 points (-0.85%), the CAC 40 at 6,507.48 points (-0.91%), the DAX 30 at 15,511.38 points (-0.96%), the FTSE 100 at 7,100,88 points (-0.89%), the SMI at 11,965.22 points (-0.02%), the AEX at 731.48 points (-0.02%) 0.34%), the BEL 20 at 4,159.25 points (-0.35%), the IBEX 35 at 8,860.80 points (-0.96%), the DJIA at 34.577.37 points (-0.60%), the Nasdaq at 14,663.64 points (+0.17%), the S&P 500 at 4,343.54 points (-0.20%) and the Nikkei 225 at 28.298.47

On the foreign exchange side, the change compared to the close in New York indicates that EUR/USD opened with a stable score of 1.1823, EUR/JPY at 130.69 (-0.08%), and USD/JPY at 110.55 (-0.07%).

European equity markets are expected to open slightly higher on Wednesday morning, recovering some colors after their fall the day before. At 7:30am, the CAC 40 futures contract gained 11 points, or 0.2%, according to data from the broker IG Markets. The DAX 30 contract advanced 13 points, or 0.1%, and the FTSE 100 contract rose 8 points, or 0.1%. Investors are also awaiting the report of the Federal Reserve (Fed)'s latest monetary policy meeting, which is scheduled to be published at 20:00. These minutes could provide indications of when the US central bank may start reducing asset purchases or raising interest rates, and in Europe, they will monitor industrial production figures in Germany in May, as well as the European Commission's summer economic forecasts. On Tuesday, Wall Street finished sparsely, allowing Nasdaq to set a new record. Investors took their profits on non-tech stocks after the highs reached last week. The Dow Jones Index (DJIA) thus closed down 0.6%, at 34.677 points. The expanded S&P 500 index lost 0.2% to 4,343 points. On the other hand, the Nasdaq Composite gained 0.2% to 14,663.64 points. In Asia, the main stock market indices presented a mixed picture on Wednesday. At the end of the session, the Nikkei index fell 1.3% to Tokyo, penalized by the fear that new lockdown measures would be adopted in the Japanese capital to fight against a new wave of Covid-19. At the same time, the Hang Seng lost 1.1% in Hong Kong, due to Beijing's crackdown on major Chinese technology groups. On the other hand, the Shanghai Composite Index gained 0.4%

U.S. Treasury yields recovered on Wednesday morning, after dropping for the third time in four sessions the day before. At 7:30am, the yield on the ten-year bond, the market benchmark, stood at 1.360%, compared to 1.351% on Tuesday evening and 1.437% on Friday. The benchmark yield has fallen by 0.38 percentage points since peaking at 1.749% in March, but it is still up 0.456 percentage points since the start of the year. Investors seem to be taking a more moderate view of inflation after a series of mixed economic indicators, and the Fed minutes should shed some light on how the central bank interprets the recently released indicators.

The euro rose slightly against the dollar on Wednesday morning. However, JPMorgan says that the July US employment report “supports our view that the June meeting of the Fed's monetary policy committee was a turning point that will provide greater and more widespread support for the dollar.” “The main debates with our customers about our forecasts for the second half of 2021 relate to the extent of the appreciation of the dollar and the ability of high-beta currencies to perform generally,” the bank adds.

Oil prices changed little on Wednesday morning, in an uncertain context for the outlook for global black gold production after the indefinite adjournment of the last meeting of the Organization of Petroleum Exporting Countries (OPEC). According to the CBA bank, disagreements between the United Arab Emirates and Saudi Arabia could become problematic for the smooth running of the upcoming meetings of OPEC and its allies, but it is more likely that the two sides will eventually find common ground. “Opep+ will eventually reach an agreement to increase oil production for the rest of the year,” the bank said. At 7:25am, the September contract for North Sea Brent gained 6 cents, at $74.59 per barrel, and the August contract for sweet light crude (WTI) listed on Nymex took 13 cents, at $73.50