European stocks expected to fall after restrictive comments from a Fed governor. The Eurostoxx 50 opens at 4,166.83 points (+0.37%), the CAC 40 at 6,669.85 points (-0.05%), the DAX 40 at 15,515.83 points (+0.27% ), the FTSE 100 at 7,217.53 points (+0.19%), the SMI at 11,942.74 points (-0.21%), the AEX at 802.49 points (+0.72%), the BEL 20 at 4,200.56 points (+0.53%), IBEX 35 at 8,996.30 points (+0.67%), DJIA at 35,457.31 points (+0.56%), Nasdaq at 15,129.09 points (+0.71%), the S&P 500 at 4,519.63 points (+0.74%) and the Nikkei 225 at 29,287.80 points, up +0.25%.

With regard to exchange rates, the variation from the close in New York indicates a bullish trend. EUR/USD opens at 1.1651 (+0.13%), EUR/JPY at 133.45 (+0.29%) and USD/JPY at 114.57 (+0. 18%).

The results season continues on Wednesday in France. Among the main publications of the day are the quarterly sales of Carrefour, Atos, Soitec, Getlink and Albioma as well as the results of Sartorius Stedim Biotech and those of TechnipFMC, expected after the close of the American markets.

European equity markets are expected to start the session in the red on Wednesday, penalized by the restrictive remarks of the Governor of the Federal Reserve (Fed) Christopher Waller. At 7:45 a.m., the CAC 40 futures contract lost 22 points, or 0.3%, according to data from broker IG Markets. The contract on the DAX also yielded 22 points, or 0.1%, and that on the FTSE 100 grabbed 0.7 points, or 0.01%. Wall Street ended higher on Tuesday, supported by good quarterly corporate results. The Dow Jones Index (DJIA) gained 0.6% to 35,457.71 points, and the broader S&P 500 index gained 0.7% to 4,519.65 points. The tech-heavy Nasdaq Composite rose 0.7% to 15,129.09 points. In Asia, the main stock markets moved in dispersed order on Tuesday. At the end of the session, the Nikkei index of the Tokyo Stock Exchange gained 0.1% and the Hang Seng of the Hong Kong Stock Exchange rose by 1.3%. The Shanghai Composite index, on the other hand, lost 0.1%.

Yields on US Treasury bonds continued to rise on Wednesday morning, after hitting their highest levels since May the previous day. Investors continue to react to Fed Governor Christopher Waller's restrictive tone. At 7:45 a.m., the yield on the ten-year Treasury bond, the market benchmark, stood at 1.655%, against 1.638% on Tuesday evening.

The euro progressed Wednesday morning against the dollar. Improving risk appetite and reassessment of monetary policy expectations from global central banks could lead to a further decline in the dollar in the coming days, although the decline may ultimately remain modest, Westpac said. The ECB should confirm its accommodative position next week, while the Fed should announce a reduction in its asset purchases after its meeting on November 2-3, a context that should support the dollar, adds Westpac. According to Rabobank, the greenback's current decline may reflect less speculative betting on currency appreciation, but this weakness will not last, given the prospect of a Fed interest rate hike in 2022.

Oil contracts are moving lower on Wednesday morning. Given their recent run of gains, oil prices could suffer significant profit taking, warns Oanda. At 7:35 a.m., the December contract for Brent North Sea crude was down 55 cents to $84.53 a barrel. The same-maturity contract on light sweet crude oil (WTI) listed on the Nymex fell 54 cents to $81.90 a barrel. On Tuesday evening, the American Petroleum Institute (API) reported that crude inventories in the United States rose by 3.3 million barrels last week. Gasoline reserves decreased by 3.5 million barrels. These statistics, negative for crude but positive for refined fuels, were published before the official data from the US Department of Energy on inventories in the United States, expected on Wednesday.