The Fed's announcements are making markets cautious. On Wednesday, June 16, 2021, the Eurostoxx 50 opened on a positive note of 4,143.52 points (0.26%), the CAC 40 posted 6,639.52 points (0.35%), the DAX 30 expects 15.729.52 points (0.36%), the FTT SE 100 to 7,172.48 points (0.36%), the SMI at 11.921.97 points (0.47%), the AEX at 730.98 points (0.12%) and the BEL 20 at 4.221.19 points (0.01%). The IBEX 35 opens with a negative note of 9,230.70 points with a drop of 0.54%. The decline was also noticeable at the DJIA which stood at 34,299.33 points (0.27%), the Nasdaq at 14,072.86 points (0.71%), the S&P 500 at 4,246.59 points (0.20%), the Nikkei 225 at

On the exchange rate side, the change compared to the close in New York the EUR/USD rose by 0.01%, the EUR/JPY is at 133.49 (+0.03%) and the USD/JPY remains stable at 110.07.

The CEO of Orange, Stéphane Richard, will be interviewed on Wednesday by the National Assembly's Economic Affairs Committee on the malfunctions that affected the call of emergency numbers in early June. On Tuesday evening, the CEO of Suez, Bertrand Camus, announced that he would not lead the group after the sale of part of its activities to Veolia and its acquisition by a consortium of funds. After fighting for months against Veolia's proposed takeover offer, Bertrand Camus finally agreed to sign peace with his competitor last month. The agreement concluded between the two groups provides for the takeover by Veolia of a set of Suez's international assets and the handover of activities in France to a consortium composed of the Caisse des Depots group, including CNP Assurances, and the Meridiam and GIP

European equity markets are expected to open on a cautious note on Wednesday ahead of the Federal Reserve's (Fed) monetary policy announcements. At 7:40 a.m., the CAC 40 futures contract gained 5.6 points, or 0.08%, according to data from broker IG Markets. The contract on the DAX 30 took 3.5 points, or 0.02%, and the one on the FTSE 100 won 7.7 points, or 0.1%. The Fed statement is expected at 20:00 and the President of the US Central Bank, Jerome Powell, will hold a press conference starting at 20:30. The institution is expected to leave rates unchanged, but investors are waiting for indications on the timing of a possible reduction in asset purchases, currently by $120 billion per month, as well as on economic recovery and inflation in the United States

The Fed may signal that it is about to reduce the size of its bond buying program. Such an announcement would lead to a rise in bond yields, which would in turn affect the valuation of shares. The market is also concerned that the US central bank will raise short-term rates sooner than expected, as inflation has accelerated sharply in the United States recently. In this context, Wall Street finished slightly lower on Tuesday, following new records and after the announcement of a sharper than expected drop in retail sales in the United States in May. The Dow Jones Index (DJIA) lost 0.3%, to 34,299 points, and the S&P 500 expanded index fell 0.2%, to 4,246 points. The Nasdaq Composite lost 0.7% to 14,072.86 points

In Asia, the main stock markets fell on Wednesday. At the end of the session, the Nikkei index lost 0.5% in Tokyo, like the Hang Seng on the Hong Kong Stock Exchange. The Shanghai Composite Index fell by 1%.

U.S. Treasury bond yields were little changed on Wednesday morning, as investors await Fed announcements. At 7:40 a.m., the yield on the ten-dollar Treasury note, the market benchmark, stood at 1.498%, as on Tuesday evening. Bank of America is concerned that the Fed will be forced to act soon, while Oxford Economics points out that monetary authorities, in the United States and Europe, do not mention inflation much more in their press releases than they usually do, which could be a sign that their policy will remain

The euro was stable Wednesday morning, at $1.2130, in a wait and see market ahead of the Fed's announcements. According to TD Securities, the dollar would benefit from a less accommodative Federal Reserve policy. Jerome Powell will likely indicate on Wednesday that discussions on a plan to withdraw asset purchases have begun while insisting that the timetable will depend on further substantial progress towards the Fed's goals. Rate projections by members of the monetary policy committee will likely indicate that the first increase in the federal funds rate could occur by the end of 2023, estimates TD

Oil contracts continued to rise on Wednesday and are at their highest levels in more than two years, driven by market optimism about demand, while Iran's nuclear negotiations remain under scrutiny. Oil demand is expected to rise throughout the summer as restrictions related to the health crisis continue to be relaxed in the United States and in many parts of the

According to analysts polled by the Wall Street Journal, crude inventories are expected to fall by 2.9 million barrels and gasoline stocks are expected to have fallen by 800,000 barrels last week. At 7:30am, the August North Sea Brent contract was rising 61 cents, at $74.50 per barrel, and the July WTI contract was earning 45 cents, at $72.57