Equities could suffer from fears over Chinese growth. This Tuesday, August 31, 2021, the Eurostoxx 50 opens at 4,198.80 points, up 0.19%, the CAC 40 at 6,687.30 points (+0.08%), the DAX 30 at 15,887.31 points (+0.22%), the FTSE 100 at 7,148.01 points (+0.32%), the SMI at 12,436.58 points (-0.02%), the AEX at 789.14 points (+0 .27%), the BEL 20 at 4,315.90 points (-0.06%), the IBEX 35 at 8,867.90 points (-0.61%), the DJIA at 35,399.84 points (-0.16 %), the Nasdaq at 15,265.89 points (+0.90%), the S&P 500 4,528.79 points (+0.43%) and the Nikkei 225 at 28,108.93 points, up 1.15%.

Regarding the exchange rate, the variation from the close in New York indicates that the EUR/USD opens at 1.1819 with a gain of 0.17%, the EUR/JPY at 129, 88 (+0.17%) and USD/JPY at 109.90 with a decline of 0.03%.

Investors will be watching detailed second-quarter gross domestic product (GDP) numbers on Tuesday. The first estimate from the National Institute of Statistics and Economic Studies (Insee), published on 30th July, reported growth of 0.9% over the period. The consumer price index for August and household consumer spending in July will also be watched.

European equity markets are expected to have a mixed start to trading on Tuesday, as weak PMI indices in China highlighted a slowdown in the country's economic growth that eclipsed new record highs on Wall Street. Investors are also awaiting the first estimate of inflation in the euro zone in August. At 7:35 a.m., the CAC 40 futures contract gained 15 points, or 0.2%, according to data from broker IG Markets. The contract on the DAX 30 took 37 points, or 0.2% as well. That on the FTSE 100 yielded 2.8 points, or 0.04%. Service sector activity contracted unexpectedly in China in August, hurt by the implementation of new containment measures to combat the spread of the Delta variant of the coronavirus, official data showed on Tuesday. At the same time, the official PMI for the manufacturing sector fell more than expected due to weaker demand.

The official non-manufacturing PMI, which covers construction and services, fell to 47.5 in August, from 53.3 in July, according to the National Bureau of Statistics. The services sub-index fell to 45.2 in August from 52.5 the previous month. A figure above 50 indicates an expansion in activity from the previous month, while a figure below 50 denotes a contraction. For its part, the official PMI index of the manufacturing sector fell to 50.1 in August, after 50.4 in July, according to data released on Tuesday. This is the weakest growth recorded in China in this sector for 18 months. After the publication of these data, the Asian indices are moving in scattered order. In Tokyo, the Nikkei index rose 1.1% at the end of the session. Sign of concerns for the health of the Chinese economy, the Hang Seng of the Hong Kong Stock Exchange lost 0.6% and the Shanghai Composite fell 0.4%. On Monday, two of Wall Street's main indexes set new closing records, as the prospect of low interest rates in the United States strongly supported the technology compartment. The broader S&P 500 index rose 0.4% to a new record high of 4,528.79 points. The Nasdaq Composite also reached an all-time high, rising 0.9% to 15,265.89 points. Against the trend, the Dow Jones index (DJIA) fell 0.1% to 35,413 points, hampered by the decline in the banking sector and Boeing.

US Treasury bond yields were little changed on Tuesday morning as traders turned their attention to the US jobs report, due Friday. At 7:35 am, the rate of the ten-year Treasury bond, the market's benchmark, stood at 1.279%, against 1.280% on Monday evening.

The dollar fell Tuesday morning against other currencies, including the euro. And worries about economic growth in China are weighing on trade. If the Fed starts reducing its bond purchases a little earlier than expected, the dollar could benefit, especially against emerging market currencies, adds UBS.

Oil prices retreat Tuesday morning as Hurricane Ida, which hit Louisiana over the weekend, weighs on U.S. exports of refined products such as gasoline and diesel, the analyst firm said. Kepler raw materials. At 7:30 a.m., the November contract for Brent North Sea crude was down 15 cents to $72.08 a barrel. The October contract on Nymex-listed light sweet crude (WTI) was down 14 cents at $69.07 a barrel.