European stock markets are expected to open lower ahead of the services PMI indices. The Eurostoxx 50 opens at 3,951.12 points (+0.83%), the CAC 40 at 6,731.37 points (+0.70%), the DAX 40 at 14,518.16 points (+0.50% ), the FTSE 100 at 7,558.92 points (+0.28%), the SMI at 12,340.87 points (+1.33%), the AEX at 737.80 points (+1.35%), the Nasdaq at 14,532.55 points (+1.90%), the S&P 500 at 4,582.64 points (+0.81%) and the Nikkei 225 at 27,795.32 points (+0.21%).
On the exchange rate side, the change from the close in New York indicates EUR/USD opens at 1.0968 (-0.05%), EUR/JPY at 134.42 (-0 .24%) and USD/JPY at 122.57 (-0.18%).
Investors will be watching on Tuesday for the final services PMI numbers in March, as well as industrial production data in February. On the business side, Casino announced Monday evening that it had sold the balance of its stake, or 10.3% of the capital, in the shopping center operator Mercialys for 87 million euros. Following this operation, the distributor no longer holds any voting rights in Mercialys, she indicated. Air carrier Air France-KLM has also selected CFM International to supply the engines for its new fleet of Airbus A320neo and A321neo. The two companies have entered into exclusive negotiations relating to the LEAP-1A engine built by the joint venture between Safran and the American General Electric, according to a press release published Monday evening.
European equity markets are expected to open lower on Tuesday as investors continue to monitor developments in the war in Ukraine and await the release of services PMI indices in the euro zone and the United States. Around 7:40 a.m., the CAC 40 futures contract lost 13 points, or 0.2%, according to data from broker IG Markets. The contract on the DAX 40 yielded 19 points, or 0.1%, and that on the FTSE 100 gave up 20 points, or 0.3%.

Wall Street ended higher on Monday, driven by the technology sector. The Dow Jones Index (DJIA) gained 0.3% to 34,921.88 points. The broader S&P 500 index gained 0.8% to 4,582.64 points. The Nasdaq Composite, rich in technology stocks, was awarded 1.9%, to 14,542 points. In Asia, the markets are moving up, while the Chinese stock exchanges and that of Hong Kong are closed due to a public holiday. In Tokyo, the Nikkei index gained 0.2% at the end of the session.
The U.S. yield curve remained inverted on Monday as investors weighed comments from Federal Reserve officials while awaiting the minutes of the U.S. central bank's March meeting. On Tuesday morning, the yield on the ten-year US Treasury bond stood at 2.418%, down from 2.405% on Monday evening. The rate of the two-year title reached 2.441%, against 2.432% the day before.
The euro changed little Tuesday morning against the dollar. Goldman Sachs believes the greenback could weaken if the conflict between Russia and Ukraine does not escalate. The market-priced Fed rate hikes "are now largely consistent with the 1994 tightening cycle, which had severely disrupted the bond market," the bank said, adding that this cycle ultimately resulted in a "landing smoothly" of the American economy. At the same time, the yen is strengthening against the dollar and the euro, amid concerns about the lockdown implemented in Shanghai after a sharp rise in Covid-19 cases.
Oil prices rose Tuesday morning as Russian crude exports became increasingly disrupted, which will likely put pressure on supply and prices in general, Fitch Solutions said. By 7:30 a.m., the June Brent contract was up $1.21, or 1.1%, at $108.74 a barrel, while the May contract for Nymex-listed light sweet crude (WTI) was up $1.18. dollar, or 1.1% also, to 104.46 dollars a barrel.