Shares should hesitate before the Powell hearing and new results in the US banking sector. The Eurostoxx 50 opened at 4,094.56 points, up 0.03%, the CAC 40 at 6,558.47 points (-0.01%), the DAX 30 at 15,789.64 points (-0.01%), the FTSE 100 at 7,124.72 points (-0.01%), the SMI at 12,071.05 points (-0.09%), the AEX at 742.86 points (+0.60%), the BEL 20 at 4,211.77 points (+0.04%), the IBEX 35 at 8,694.80 points (-1.38%), the DJIA at 34.888.79 points (-0.31%), the Nasdaq at 14,677.65 points (-0.38%), the S&P 500 at 4,369.21 points (-0.35%) and the Nikkei 225 at 28. 635.39 points, down 0.29%

With regard to the exchange rate, the change compared to the close in New York indicates that EUR/USD rose by 0.05% at 1.1782. EUR/JPY lost 130.18 (-0.09%) and USD/JPY fell 110.50 (-0.12%)

The main European equity indices are expected to change little at the opening on Wednesday, in a tense climate before a new round of results in the American banking sector and the biannual hearing of Federal Reserve (Fed) Chairman Jerome Powell before Congress. At 7:30am, the CAC 40 futures contract gained 1.4 points, or 0 0.02%, according to data from the broker IG Markets. The DAX 30 contract fell by 18.5 points, or 0.1%, and the FTSE 100 contract lost 3 points, or 0.04%. After JPMorgan and Goldman Sachs, whose results highlighted a sharp drop in revenue from market activities in the second quarter, Bank of America, Citigroup and Wells Fargo will disclose their accounts for the same period on Wednesday. Jerome Powell, who will be speaking before the House of Representatives Financial Services Committee starting at 6 p.m., is eagerly awaited about the future of the Fed's bond-buying programs and should be asked about the acceleration of inflation in the United States, which reached 5.4% over one year in June, its highest level in

Wall Street finished lower on Tuesday. The Dow Jones Index (DJIA) lost 0.3% to 34,888.79 points, while the broader S&P 500 index fell 0.4% to 4,369.21 points. The Nasdaq index also fell 0.4% to 14,677.65. All three indexes set new records on Monday. In addition to the Fed, investors will be attentive to the monetary policy decisions of the central banks of Turkey and Canada on Wednesday. On Tuesday night, the Reserve Bank of New Zealand announced the end of its bond purchase program by July 23. The central bank's monetary policy committee has indicated that the risks of deflation and high unemployment linked to the Covid-19 pandemic have now receded. Industrial production figures in the eurozone, producer prices and weekly oil stocks in the United States, as well as the Fed's Beige Book, prepared for the next central bank meeting at the end of the month, are & acute; also expected this Wednesday. In Asia, the main indices fell on Wednesday. At the end of the session, the Nikkei index on the Tokyo Stock Exchange lost 0.3%. The Hang Seng lost 0.6% to Hong Kong and the Shanghai Composite Index fell 0.7%.

U.S. Treasury bond yields fell again on Wednesday, after recovering the day before due to higher-than-expected inflation in the United States in June and weak demand for a 30-year bond auction. At 7:30am, the yield on the ten-year bond, the market benchmark, stood at 1.402%, compared to 1.423% on Tuesday evening, and that of the 30-year bond was 2.031%, compared to 2.047%. The chair of the San Francisco Federal Reserve (Fed), Mary Daly, believed that this acceleration in inflation was temporary even if she anticipates a reduction in monetary support from the central bank in the near future

The euro regained some color against the dollar on Wednesday but remained below the $1.18 threshold, while investors assess the consequences of accelerating inflation in the United States for the Fed's monetary policy. Prices for used cars and categories of goods and services related to the reopening of the economy were the main drivers of inflation in June and the Fed may continue to see this acceleration as temporary, IG says. However, given the increase in the five-year inflation break-even point, investors could adjust their expectations in favor of more persistent inflation, the broker adds

Oil contracts receded on Wednesday morning, as concerns about the rise in Covid-19 cases in several countries continued to weigh on prices. However, crude oil prices could soon benefit from increased market tensions, ANZ says. At 7:20am, the September contract for North Sea Brent lost 20 cents, at 76.29 dollars per barrel, and the August contract for light sweet crude (WTI) listed on Nymex lost 26 cents, at 74.99 dollars per barrel.