European equity markets should be hesitant to open, worried about the recovery. The Eurostoxx 50 opens at 4,178.08 points with an increase of 0.04%, the CAC 40 at 6,664.31 points (-0.28%), the DAX 30 at 15,905.85 points (+0.33 %), the FTSE 100 at 7,125.78 points (+0.24%), the SMI at 12,436.66 points (-0.32%), the AEX at 783.15 points (+0.37%), the BEL 20 at 4,328.31 points (+0.28%), the IBEX 35 at 8,948.60 points (-0.22%), the DJIA at 35,366.26 points (+0.09%), the Nasdaq at 15,019.80 points (+0.52%), the S&P 500 4,486.23 points (+0.15%) and the Nikkei 225 at 27,730.65 points down 0.01%.

Regarding the exchange rate, the variation compared to the close in New York indicates that the EUR / USD appears at 1.1739 down 0.16%, the EUR / JPY at 128.85 (-0.10%) and USD/JPY at 109.76 with a recovery of 0.06%.

Vivendi is holding an ''investors'' day on Wednesday devoted to Universal Music Group's listing project on Euronext Amsterdam.

The evolution of futures on European stock indices suggests a climate of caution on Wednesday at the open, as investors continue to assess the prospects for an economic rebound from the Covid-19 pandemic. Around 7:40 a.m., the CAC 40 futures contract lost 0.6 points, or 0.01%, according to data from broker IG Markets. The contract on the DAX 30 yielded 6 points, or 0.04%, and that on the FTSE 100 took 0.7 point, or 0.01%. On the statistics front, the focus will be on the IFO business climate index in Germany, followed by durable goods orders in the United States and the US Department of Energy's weekly report on oil inventories. . The New York Stock Exchange continued to rise on Tuesday, thanks to a technology sector still very surrounded. The S&P 500 and the Nasdaq Composite set new all-time highs, with the latter closing above 15,000 points for the first time in its history.

Investors await the Fed's virtual meeting in Jackson Hole, where Jerome Powell is due to speak on Friday. In the meantime, operators continue to invest in the equity market because "there is still a lot of growth to come" as the economy reopens, said Greg Marcus, portfolio manager at UBS Private Wealth Management. In Asia, the main stock market indices changed little on Wednesday. At the end of the session, the Shanghai Composite rose by 0.4%, the Hang Seng index yielded 0.2% in Hong Kong and the Nikkei index of the Tokyo Stock Exchange was almost stable.

US government bond yields were little changed on Wednesday, after rising on Tuesday, amid signs the Delta variant is slowing the economic recovery, which could delay the Fed's tapering of asset purchases. According to asset manager Louis Navellier, the Fed is expected to announce tapering this year, but the actual reduction in bond purchases will be gradual and won't begin until next year.

The euro lost ground Wednesday morning against the dollar and the yen, while the greenback rose slightly against the Japanese currency. The general sentiment is rather positive on the market but could fluctuate in the run-up to the Jackson Hole meeting, according to ING. Investors are generally taking longer positions in the dollar in the G10 and in particular in emerging markets, says Deutsche Bank, which still expects the announcement of a tapering by the Fed in month of November.

Oil prices fell on Wednesday morning, giving ground after two sessions of strong gains. The oil market remains very tight, and given the recovery of Chinese demand as well as their excessive decline last week, crude prices can only go up, Oanda considers. By 7:30 a.m., the October North Sea Brent contract was down 24 cents to $70.81 a barrel. The October contract on Nymex-listed light sweet crude (WTI) fell 26 cents to $67.28 a barrel.