European equity markets are expected to change little after the Biden-Xi summit. The Eurostoxx 50 opens at 4,386.19 points (+0.36%), the CAC 40 at 7,128.63 points (+0.53%), the DAX 40 at 16,148.64 points (+0.34% ), the FTSE 100 at 7,351.86 points (+0.05%), the SMI at 12,517.12 points (+0.01%), the AEX at 823.21 points (+0.35%), the BEL 20 at 4,325.47 points (-0.13%), IBEX 35 at 9,095.70 points (-0.16%), DJIA at 36,087.45 points (-0.04%), Nasdaq at 15,853.85 points (-0.04%), the S&P 500 at 4,682.80 points, the Nikkei 225 at 29,808.12 points (+0.11%).

Regarding exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.1379 (+0.11%), EUR/JPY at 129.86 (+0.10%) and USD/JPY at 114.15 (+0.01%).

Investors will be paying attention on Tuesday to the final inflation figures for October. The first estimate from the National Institute of Statistics and Economic Studies (Insee), published on 29th October, reported a 2.6% increase over one year in consumer prices, after 2.2% in September. On the business side, Bouygues publishes its results for the first nine months of 2021, while Vinci presents traffic figures for its subsidiaries Vinci Autoroutes and Vinci Airports for October. TechnipFMC is hosting an Investor Day.

European equity markets are expected to see little change early in the session on Tuesday, as investors' attention is focused on the summit between US President Joe Biden and his Chinese counterpart, Xi Jinping. At 7:40 a.m., the futures contract on the CAC 40 gained 5 points, or 0.07%, according to data from broker IG Markets, while that on the DAX 40 lost 8 points, or 0.05%. The contract on the FTSE 100 was trading at equilibrium. Asian stock markets presented a mixed picture on Tuesday. In Tokyo, the Nikkei index gained 0.1%. At the end of the session, the Hang Seng index gained 1.2% in Hong Kong, while the Shanghai Composite lost 0.2%. Wall Street ended almost unchanged Monday after a session marked by new tensions on bond rates. The Dow Jones index (DJIA) lost 0.03% to 36,087.72 points. The broader S&P 500 index ended in equilibrium at 4,682.86 points, and the Nasdaq Composite fell 0.04% to 15,853.85 points.

Yields on U.S. Treasury bonds rose on Tuesday as traders await clarification on the pace and timing of interest rate hikes and cuts to Federal Reserve asset purchases. At 7:40 a.m., the yield on the ten-year Treasury bond, the market benchmark, stood at 1.604%, against 1.584% on Monday evening.

The euro rose against the dollar on Tuesday morning as investors eyed the peak between Joe Biden and Xi Jinping. If no major progress is expected from this virtual meeting, the fact that the two presidents are willing to meet is good news, underlines the NAB bank. At 7:40 a.m., the single currency gained 0.1% to 1.1378 dollars. The euro is currently trading at its lowest levels against the greenback since July 2020.

Oil prices rose Tuesday morning. As of 7:30 a.m., the January North Sea Brent contract was up 79 cents, at $82.85 a barrel. The Nymex-listed light sweet crude (WTI) December contract was up 63 cents, at $81.51 a barrel.