European equity markets should move little at the open. The Eurostoxx 50 opened at 4,202.44 points down 0.64%, the CAC 40 at 6,838.77 points (-0.83%), the DAX 30 at 15,925.73 points (-0.32% ), the FTSE 100 at 7,153.98 points (-0.90%), the SMI at 12,419.14 points (-0.36%), the AEX at 769.78 points (-0.65%), the BEL 20 at 4,338.35 points (-0.54%), the IBEX 35 at 8,926.60 points (-0.81%), the DJIA at 35,625.40 points (+0.31%), the Nasdaq at 14,793.76 points (-0.20%), the S&P 500 at 4,479.71 points (+0.26%) and the Nikkei 225 at 27,506.36 points with a drop of 0.06%.

The exchange rate indicates a strong bullish movement compared to the close in New York. The EUR/USD appears at 1.1769 down 0.06%, the EUR/JPY at 128.68 up 0.01% and the USD/JPY at 109.34 with an increase of 0.06%.

European equity markets should change little on Tuesday at the opening, despite the rebound on Wall Street at the end of the session on Monday, which allowed the New York Stock Exchange to reach new records. At 7:40 am, the futures contract on the CAC 40 yielded 4.4 points, or 0.06%, according to data from the broker IG Markets. The contract on the DAX 30 rose by 1.5 points, or 0.01%, and that on the FTSE 100 lost 9.8 points, or 0.1%. The New York Stock Exchange rallied at the end of the session on Monday to set new all-time highs, having overcome fears of a deterioration in the economy triggered by a series of disappointing indicators. The Dow Jones Index (DJIA) surpassed its Friday record, rising 0.3% to 35,625.40 points. The broader S&P 500 index also closed up 0.3% to 4,479.71 points. The Nasdaq Composite, on the other hand, fell 0.2% to 14,793.76 points. The indices had spent most of the session in the red, while the capture of Kabul by the Taliban also prompted investors to be cautious. In Asia, most equity markets are falling, penalized by concerns about Covid-19. At the end of the session, the Shanghai Composite dropped 0.5% and the Hang Seng index lost 0.7% in Hong Kong. The Nikkei index of the Tokyo Stock Exchange yielded 0.1%.

Yields on US Treasury bonds continue to fall Tuesday morning. At 7:25 a.m., the yield on the ten-year US Treasury benchmark stood at 1.250%. Now is probably the time for the Fed to start scaling back its bond purchases, but the expectation of weaker demand hasn't stopped government bond prices from rising. On Monday, the 10-year yield fell for the second straight day and closed at 1.255%, the lowest level since Aug. 5 and nearly half a percentage point lower than the March high. The weakening in yields could stop as soon as a timetable for the tapering of the Federal Reserve's asset purchase program is established, which analysts say could happen as early as September, with possibly - be some signals in Jackson Hole at the end of the month.

The euro lost some ground on Tuesday morning against the dollar but was stable against the yen. The dollar is up slightly against the Japanese currency. The demand for the yen is encouraged by the decline in several Asian equity markets. According to a multiple-choice questionnaire from JPMorgan, the dollar will appreciate by 1% to 4% by the end of the year.

Oil prices stabilized on Tuesday morning, the day after a sharp decline after gloomy data in China fueled concerns about a slowdown in demand. According to Carsten Fritsch, an analyst at Commerzbank, the volume of crude oil processed at Chinese refineries in July fell to 59.06 million tonnes, or 13.9 million barrels per day, its lowest level since May 2020. This figure was down 0.9% year on year, the first decline since March 2020. Refineries processed a record 14.8 million barrels per day in June, but weak imports for several months indicated that the pace was going to slow down, underlines the analyst. At 7:20 a.m., the October North Sea Brent contract was down 1 cent to $69.50 a barrel. The Nymex-listed light sweet crude (WTI) September contract was flat at $67.29 a barrel.