European equity markets are expected to open lower ahead of the November PMI indices. The Eurostoxx 50 opens at 4,338.69 points (-0.41%), the CAC 40 at 7,105.00 points (-0.10%), the DAX 40 at 16,115.69 points (-0.27% ), the FTSE 100 at 7,255.46 points (+0.44%), the SMI at 12,510.81 points (-0.27%), the AEX at 815.34 points (-0.79%), the BEL 20 at 4,203.53 points (-0.65%), the IBEX 35 at 8,821.30 points (+0.78%), the DJIA at 35,619.25 points (+0.05%), the Nasdaq at 15,854.76 points (-1.26%), the S&P 500 at 4,682.94 points (-0.32%) and the Nikkei 225 at 29,774.11 points (+0.09%).

Regarding exchange rates, the change from the close in New York indicates EUR/USD opens at 1.1233 (-0.02%), EUR/JPY at 129.28 ( +0.17%) and USD/JPY at 115.10 (+0.19%).

European equity markets are expected to open lower on Tuesday ahead of the release of manufacturing and services PMI indices in the euro zone and the United States and as investors continue to worry about restrictions adopted in several European countries. to combat the spread of Covid-19. At 7:30 a.m., the CAC 40 futures contract lost 40 points, or 0.6%, according to data from broker IG Markets. The DAX 40 contract was down 90 points, or 0.6%, and the FTSE 100 contract was down 33 points, or 0.5%.

In Asia, the main stock markets moved in dispersed order on Tuesday. The Shanghai Composite index took 0.2% at the end of the session. The Hang Seng index of the Hong Kong Stock Exchange yielded 1.2%. Japanese financial markets are closed due to a public holiday in the country. Wall Street closed in dispersed order on Monday after the announcement of the reappointment of Jerome Powell at the head of the Federal Reserve (Fed). The Dow Jones Index (DJIA) gained 0.1% to 35,619.25 points. The broader S&P 500 index fell 0.3% to 4,682.94 points, after setting a new session record. Hampered by the rise in bond rates, the Nasdaq Composite, rich in technology stocks, lost 1.3%, to 15,854.76 points.

Yields on US Treasury bonds rose sharply on Monday as the prospect of a second term for Jerome Powell as Fed head boosted bets that the central bank will fight inflation by raising interest rates to the course of the next few years. The ten-year Treasury bill rate, the market benchmark, ended at 1.630%.

The euro is gaining some ground against the dollar on Tuesday morning but, at $1.1238 at 7:30 a.m., it remains close to its lowest levels since June 2020. According to Bank of Singapore, the dollar should remain resilient in 2022 against the currencies low-yielding currencies such as the yen, euro and Swiss franc amid diverging growth and monetary policy. Stronger growth and higher inflation in the United States than in the euro zone or Japan should increase the pressure on the Fed to gradually follow a rate hike path, which is not expected from the other side of the Atlantic or in Japan, adds the bank.

Oil contracts fell on Tuesday morning before a possible announcement by the United States about recourse to the country's strategic oil reserves. An official announcement from Washington could come today, according to Oanda. At 7:20 a.m., the January Brent North Sea contract was down 74 cents to $78.96 a barrel. The same-maturity contract on light sweet crude oil (WTI) listed on the Nymex fell 89 cents to 75.86 dollars a barrel.