European markets should catch their breath after the drop in technology stocks on Wall Street. The Eurostoxx 50 opens at 4,367.62 points (+0.83%), the CAC 40 at 7,317.41 points (+1.39%), the DAX 40 at 16,152.61 points (+0.82% ), the FTSE 100 at 7,505.15 points (+1.63%), the SMI at 12,900.97 points (-0.30%), the AEX at 804.28 points (+0.12%), the BEL 20 at 4,362.21 points (+0.62%), IBEX 35 at 8,795.80 points (+0.39%), DJIA at 36,799.65 points (+0.59%), Nasdaq at 15,622.72 points (-1.33%), the S&P 500 at 4,793.54 points (-0.06%) and the Nikkei 225 at 29,332.16 points (+0.10%).

Regarding exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.1294 (+0.04%), EUR/JPY at 131.01 (-0.05%) and USD/JPY at 116.01 (-0.11%).

Major European equity markets are expected to open in the red on Wednesday as investors pause after record highs at the start of the week. The sell-off that hit US tech stocks on Tuesday night and Asian tech stocks on Wednesday should also weigh on the trend. At 7:35 a.m., the CAC 40 futures contract lost 15 points, or 0.2%, according to data from broker IG Markets. The DAX 40 contract was down 41 points, or 0.3%, and the FTSE 100 contract was down 28 points, or 0.4%. In the United States, Wall Street ended in dispersed order on Tuesday, with investors offering a new record high to the Dow Jones index but abandoning technology stocks due to the rise in bond yields.

The Dow Jones Index (DJIA) gained 0.6% to 36,799.65 points, setting a second consecutive record. The broader S&P 500 index fell 0.1% to 4,793.54 points. The Nasdaq Composite dropped 1.3% to 15,622.72 points. In Asia, the trend is similar to that observed in the United States and most stock indices in the region fell on Wednesday, penalized by the technology sector. The Hang Seng index of the Hong Kong Stock Exchange thus lost up to 4.2% at the start of the session, before deviating from its low points. At the end of the session, he gave up 1.2%. The Shanghai Composite index lost 0.9% at the same time. The Nilkkei index, on the other hand, gained 0.1%.

Ten- and 30-year U.S. Treasury bond yields rose to their highest level since October 2021 on Tuesday as investors shrugged off worries about the effects of the pandemic on the economy. Strong demand for short-term debt, on the other hand, led to a fall in the yield on the two-year loan. The yield on the ten-year Treasury note, the market benchmark, ended at 1.653% on Tuesday, compared to 1.628% on Monday and 1.496% on December 31.

The euro changed little against the dollar on Wednesday morning.

Oil contracts changed little on Wednesday morning. At 7:25 a.m., the March North Sea Brent contract was up 9 cents, at $80.10 a barrel. The Nymex-listed light sweet crude (WTI) February contract took 7 cents to $77.06 a barrel.