Equity markets are expected to change little at the opening, before inflation in the US. The Eurostoxx 50 opened at 4,1870.82 points, an increase of 0.26%, the CAC 40 to 6,820.21 points (+0.10%), the DAX 30 to 15,770.71 points (+0.16%), the FTSE 100 to 7,161.04 points (+0.40%), the SMI to 12,361.69 points (+0.41%), the AEX at 775.12 points (+0.43%), the BEL 20 at 4,329.13 points (+0.29%), the IBEX 35 at 8,899.00 points (+0.37%), the DJIA at 35,264.67 points (+0.46%), the Nasdaq at 14,788.09 points (-0.49%), the S&P 500 at 4,436.75 points (+0.10%) and the Nikkei 225 reached 28,026.37 points with an increase of 0.50%

With respect to the exchange rate, the change compared to the close in New York indicates that EUR/USD opened at 1.1720 with a decrease of 0.02%, EUR/JPY at 129.71 (+0.07%) and USD/JPY at 110.68 with an increase of 0.09%.

The investment fund Pershing Square Holdings announced on Tuesday that it had acquired a 7.1% stake in Universal Music Group from Vivendi for about 2.8 billion dollars in cash. The investment fund said it could buy an additional 2.9% of UMG's capital at the same price by September 9. No macroeconomic indicators are to be published on Wednesday in France

Stock markets are expected to change little early Wednesday, pending the release of the latest US inflation figures. European equities have recently seen a series of widespread increases. The Stoxx Europe 600 index closed on Tuesday with an increase of 0.3%, ending in the green for the seventh consecutive session. At 7:40am, the CAC 40 futures contract was unchanged, according to data from the broker IG Markets. The DAX 30 contract increased by 1.5 points, or 0.01%, and the FTSE 100 contract increased

The New York Stock Exchange closed sharply on Tuesday. Nevertheless, the Dow Jones and the S&P 500 surpassed their historic highs set last week, taking advantage of the easing of fears about the health situation and the adoption by the US Senate of the $1 trillion infrastructure investment plan. In Asia, stock markets gained ground on Wednesday. At the end of the session, the Nikkei index on the Tokyo Stock Exchange rose by 0.5%, the Hang Seng index rose by 0.2% in Hong Kong and the Shanghai Composite rose 0.3%

U.S. Treasury bond yields rose Wednesday morning, after closing higher on Tuesday, following the U.S. Senate's adoption of the Biden infrastructure investment plan. The plan includes $550 billion in new public works spending, more than was already expected. At 7:30am, the yield on the ten-year US Treasury benchmark rose to 1.359%, after closing at 1.357% on Tuesday. According to asset manager Louis Navellier, the strong rise in returns is still linked to the employment report published last Friday, while the figures on consumer prices for the month of July, which will be released on Wednesday, will be

The euro was almost stable against the dollar on Wednesday morning but gained some ground against the yen, like the greenback. The announcement of higher-than-expected inflation in the United States could push the dollar up further, IG said. The US Dollar Index has gained nearly 1.2% since last week, driven by restrictive comments from several Fed officials and by higher-than-expected job creation in the United States. TD Bank notes that the index is currently above its 200-day moving average, which generally means that the dollar will appreciate in the coming months.

Oil prices fell slightly on Wednesday morning, after a turbulent start to the week. Oil demand could grow more strongly than supply, despite the spread of the Delta variant of the coronavirus, notes the CBA Bank, however. On Monday, fears of seeing an upsurge in Covid-19 cases, particularly in China, caused crude oil prices to fall. However, black gold finished up more than 2% on Tuesday, recovering its losses from the day before, after the U.S. Senate adopted the Biden administration's $1 trillion infrastructure plan. At 7:15am, the October North Sea Brent contract lost 15 cents, at $70.48 per barrel. The September contract for sweet light crude (WTI) listed on Nymex sold 17 cents at $68.12