European equities should remain well oriented after the rise on Wall Street. The Eurostoxx 50 opens at 4,176.42 points with an increase of 0.70%, the CAC 40 at 6,683.10 points (+0.86%), the DAX 30 at 15,852.79 points (+0.28 %), the FTSE 100 at 7,109.02 points (+0.30%), the SMI at 12,476.87 points (+0.49%), the AEX at 780.28 points (+1.15%), the BEL 20 at 4,316.37 points (+0.91%), the IBEX 35 at 8,968.10 points (+0.59%), the DJIA at 35,335.71 points (+0.61%), the Nasdaq at 14,942.65 points (+1.55%), the S&P 500 at 4,479.53 points (+0.85%) and the Nikkei 225 at 27,779.69 points, up 1.04%.

Regarding the exchange rate, the change from the close in New York indicates that EUR/USD opens at 1.1741 down 0.04%, EUR/JPY at 128.88 (+0.03%) and USD/JPY at 109.78 with an increase of 0.07%.

Automaker Stellantis and Taiwanese electronics outsourcing specialist Foxconn announced overnight Monday to Tuesday that they had reached an agreement to create their joint venture, Mobile Drive, specializing in smart cockpits. This announcement comes after the signing of the memorandum of understanding between the two companies, on May 18, on the creation of this joint venture. Vinci publishes traffic figures for Vinci Autoroutes and Vinci Airports for the month of July on Tuesday. No macroeconomic indicator should be published Tuesday in France.

European equity markets are set to continue their rise on Tuesday, as the final clearance granted Monday by the US Food and Drug Administration (FDA), the US health authority, to the coronavirus vaccine from Pfizer and BioNTech fuels appetite for the risk. At 7:40 am, the futures contract on the CAC 40 gained 11.8 points, or 0.2%, according to data from broker IG Markets. The contract on the DAX 30 gained 24 points, or 0.2%, and that on the FTSE 100 won 14 points, or 0.2% as well. Attention will be drawn to Tuesday's detailed statistics on Germany's gross domestic product (GDP) for the second quarter, followed by new home sales in the United States.

The New York Stock Exchange confirmed its rebound on Monday in the wake of the rise in oil prices, while the rise in technology stocks took the Nasdaq Composite to a new all-time high. The final approval of Pfizer's coronavirus vaccine by the Food and Drug Administration also helped ease health fears that had dampened Wall Street last week. In Asia, equity markets rose on Tuesday morning, in the wake of a sharply higher close on Wall Street. At the end of the session, the Shanghai Composite rose by 1.2%, the Hang Seng index took 1.9% in Hong Kong and the Nikkei index of the Tokyo Stock Exchange gained 1%.

U.S. government bond yields are little changed Tuesday morning as investors continue to recalibrate their expectations ahead of Jerome Powell's important speech this week, in which the Federal Reserve (Fed) Chairman could provide the clearest indications to date on the timing and pace of the withdrawal of the support measures taken in the face of the Covid-19 pandemic. Analysts had expected an announcement before the end of the year on the gradual reduction of the $120 billion in monthly purchases of Treasury bonds and mortgage-backed securities by the Fed. But given the risks the pandemic continues to pose to the economy, analysts now believe Jerome Powell could remain vague about the timing of a tapering.

The euro changed little on Tuesday morning against the dollar and the yen, while the greenback gained a little ground against the Japanese currency. According to ING, the dollar is unlikely to pull back much before Fed Chairman Jerome Powell speaks at the Jackson Hole conference on Friday. Ahead of the speech, which could provide some guidance on the timing of the Fed's tapering of asset purchases, investors are likely to be reluctant to build positions in risk-asset markets and the dollar will "not drop too much", say ING analysts. The euro should struggle to gain further ground against the dollar, said Saxo Bank. It is "far too early" to assume that the current appreciation of the euro will undo its recent depreciation, said John Hardy, currency strategist at Saxo Bank.

Oil prices rose timidly on Tuesday morning, the day after their biggest single-session rise since last March, with both benchmark contracts jumping more than 5% on Monday on a wave of bargain buying. . Oanda sees crude prices likely to recover, deeming their recent slump to be excessive as inventories continue to decline. The financial intermediary estimates that the prices of black gold could quickly rise towards 70 dollars, provided that the Federal Reserve does not drive up the dollar by deciding to reduce its purchases of assets. As of 7:30 a.m., the October North Sea Brent contract was up 41 cents, at $69.16 a barrel. The October contract on Nymex-listed light sweet crude (WTI) rose 28 cents to $65.92 a barrel.