Equity markets expected lower, concerned about inflation. The Eurostoxx 50 opens at 4,065.43 points (+1.73%), the CAC 40 at 6,576.28 points (+1.52%), the DAX 40 at 15,194.49 points (+1.05% ), the FTSE 100 at 7,077.10 points (+0.94%), the SMI at 11,587.00 points (+0.04%), the AEX at 782.10 points (+1.17%), the BEL 20 at 4,145.06 points (+0.68%), IBEX 35 at 8,927.40 points (+1.54%), DJIA at 34,314.67 points (+0.92%), Nasdaq at 14,433.83 points (+1.25%), the S&P 500 at 4,345.72 points (+1.05%) and the Nikkei 225 at 27,450.83 points with a drop of 1.33%.

Regarding the exchange rate, the variation from the close in New York indicates that EUR/USD opens at 1.1586 (-0.11%), EUR/JPY at 129.46 (+0.16%) and USD/JPY at 111.74 with an increase of 0.24%.

Investors will pay attention on Wednesday to the economic forecasts of the National Institute of Statistics and Economic Studies, which will publish its latest economic report at 6:00 p.m. In its previous note at the beginning of September, INSEE had raised its growth forecast for the whole of 2021 to 6.25%, expecting an increase in gross domestic product (GDP) of 2.7% in the third quarter and of 0.5% on the fourth. On the business side, the new CEO of Saint-Gobain, Benoît Bazin, presents investors with his new strategic plan.

European equity markets are expected to open sharply lower on Wednesday, hurt by inflation fears, which are fueled by sharply rising energy prices and buoyant demand after many economies reopened. At 7:40 a.m., the CAC 40 futures contract lost 45 points, or 0.7%, according to data from broker IG Markets. The DAX contract was down 103 points, or 0.7%, and the FTSE 100 contract was down 48 points, or 0.7%. Wall Street ended higher on Tuesday, erasing some of its losses the day before thanks to a favorable indicator on activity in the services sector in the United States. The Dow Jones Index (DJIA) gained 0.9% to 34,314.67 points, and the broader S&P 500 index rose 1% to 4,345.72 points. The tech-heavy Nasdaq Composite rose 1.3% to 14,433.83 points. In Asia, most indices lost ground on Wednesday in a climate of caution. At the end of the session, the Nikkei index gave up 0.8% in Tokyo, while the Hang Seng of the Hong Kong Stock Exchange yielded 0.1%. Mainland China markets are still closed, trading will resume on Friday.

Yields on US Treasury bonds continue to rise on Wednesday. Around 7:40 a.m., the rate of the ten-year bond, the market benchmark, stood at 1.569%, against 1.529% on Tuesday evening, thus increasing for the thirteenth time in 16 sessions. Investors are focused on the monthly report on non-farm payrolls in the United States, expected Friday afternoon. They also face a myriad of issues in this traditionally turbulent time for investors, including the federal debt ceiling debate in Congress, accelerating inflation, evolving Reserve monetary policy (Fed) and fears of stagflation, an economic environment marked by high unemployment, high inflation and weak economic growth.

The dollar appreciates on Wednesday morning against most major currencies, including the euro, as inflation concerns fueled by rising energy prices drive long-term Treasury bond yields higher American. According to Rabobank, the euro could weaken further against the dollar, even if the growing inflationary pressures in the euro zone wake up the "hawks" of the European Central Bank (ECB). The dollar will remain supported by expectations of a Fed rate hike and demand for safe havens amid soaring energy prices and fears of an economic slowdown in China, it adds. she. Rabobank maintains its medium-term objective of one euro at 1.15 dollars.

Oil contracts rose slightly on Wednesday morning, after posting strong gains the day before that took Nymex-listed light sweet crude (WTI) to its highest closing level since October 2014. Meanwhile, natural gas prices rose more than 9% on Tuesday to end at their highest level in almost 13 years amid tight supply pressures before winter, when demand increases due to heating needs. At 7:35 a.m., the December North Sea Brent contract was up 32 cents, at $82.88 a barrel. The November contract on Nymex-listed light sweet crude (WTI) took 31 cents to $79.24 a barrel.