European equity markets are expected higher ahead of the Fed. The Eurostoxx 50 opens at 4,097.51 points (+1.33%), the CAC 40 at 6,552.73 points (+1.50%), the DAX 30 at 15,348.53 points (+1.43% ), the FTSE 100 at 6,980.98 points (+1.12%), the SMI at 11,789.17 points (+0.19%), the AEX at 786.31 points (+1.03%), the BEL 20 at 4,111.57 points (+0.80%), IBEX 35 at 8,756.00 points (+1.16%), DJIA at 33,919.84 points (-0.15%), Nasdaq at 14,746.40 points (+0.22%), S&P 500 at 4,354.19 points (-0.08%) and the Nikkei 225 at 29,683.34 points down 0.52%.

Regarding exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.1723 down 0.04%, EUR/JPY at 128.08 (+0.19%), USD/JPY at 109.47, up 0.22%.

European equity markets are expected to open in the green on Wednesday as a subsidiary of Chinese property developer Evergrande said it would honor interest payments due Thursday. However, investors should remain on their toes ahead of monetary policy announcements from the Federal Reserve (Fed). At 7:40 a.m., the CAC 40 futures contract gained 36 points, or 0.6%, according to data from broker IG Markets. The DAX contract was up 69 points, or 0.5%, and the FTSE 100 contract was up 35 points, or 0.5%.

Preceding the Fed by a few hours, the Bank of Japan (BOJ) left its ultra-accommodating monetary policy unchanged on Wednesday. The central bank kept the short-term deposit rate at -0.1% and the 10-year Japanese government bond yield target around zero. It also reiterated that it would buy Japanese sovereign bonds with no upper volume limit. In this context, Asian stock markets fell on Wednesday. At the end of the session, the Nikkei index of the Tokyo Stock Exchange lost 0.4%. The Shanghai Composite index yielded 0.3%. The Hong Kong Stock Exchange is closed for a public holiday on Wednesday. In the United States, the House of Representatives adopted on Tuesday a measure making it possible to finance the federal state until the beginning of December and to suspend the debt ceiling until 2022, but without having resolved the political impasse which risks defeat this project in the Senate.

Congress must reach an agreement on the federal state budget before October 1 to avoid a "shutdown", i.e. the closure of federal administrations. The House therefore passed a package of measures that would finance the federal state until December 3, 2021 and suspend the debt ceiling until December 16, 2022. The Treasury Department is currently using emergency measures to pay the bills the United States. Wall Street ended in disarray on Tuesday, struggling to rebound after the turbulence caused the day before by concerns about the Chinese real estate sector. On the eve of the Fed's monetary policy decision, the Dow Jones index (DJIA) and the broader S&P 500 index lost 0.1% each. The Nasdaq Composite gained 0.2% to 14,746 points.

Yields on US Treasury bonds were little changed Wednesday morning, with market attention focused on the Fed meeting rather than China's property developer slump. At 7:40 a.m., the yield on the ten-year US Treasury, the market's benchmark bond, rose to 1.331%, from 1.325% at the close on Tuesday.

The euro fell slightly against the dollar on Wednesday morning. According to CBA, the dollar should move in a narrow range ahead of Fed announcements. The bank believes the Fed will leave monetary policy unchanged on Wednesday. The slowdown in US hiring in August and the jump in severe Covid-19 cases in the country should make the Fed's monetary policy committee (FOMC) wait before announcing a reduction in its asset purchases. .

Oil contracts continued to rise Wednesday morning, buoyed by the slower-than-expected return to normal at Gulf of Mexico facilities after hurricanes Ida and Nicholas hit. Expectations of a reduction in crude inventories in the United States and press reports indicating that the Organization of the Petroleum Exporting Countries (OPEC) and its allies met 116% of production limits in August are also supporting prices. , say Blue Line Futures analysts.

The prices of oil and other raw materials could suffer from the financial difficulties of Evergrande, however warns Rystad. As of 7:35 a.m., the November North Sea Brent contract was up 95 cents, at $75.31 a barrel. That of the same maturity on light sweet crude (WTI) listed on the Nymex took 95 cents, at 71.44 dollars a barrel.