European equity markets are expected to open lower ahead of PMIs and the Fed meeting. The Eurostoxx 50 opens at 4,280.47 points (+0.70%), the CAC 40 at 6,893.29 points (+0.92%), the DAX 40 at 15,806.29 points (+0.75% ), the FTSE 100 at 7,288.62 points (+0.71%), the SMI at 12,216.33 points (+0.89%), the AEX at 811.74 points (+0.10%), the BEL 20 at 4,306.19 points (+0.65%), IBEX 35 at 9,182.60 points (+1.38%), DJIA at 35,913.84 points (+0.26%), Nasdaq at 15,595.92 points (+0.63%), the S&P 500 at 4,613.67 points (+0.18%) and the Nikkei 225 at 29,520.90 points (-0.43%).

Regarding exchange rates, the change from the close in New York indicates that EUR/USD opens at 1.1603 (-0.03%), EUR/JPY at 131.98 (-0.25%) and USD/JPY opened at 113.75 down 0.22%.

European equity markets are expected to open lower on Tuesday, with investors cautious ahead of the release of manufacturing PMI indices and the meeting of the Federal Reserve (Fed) monetary policy committee, which will deliver its findings on Wednesday evening. At 7:30 a.m., the CAC 40 futures contract lost 15 points, or 0.2%, according to data from broker IG Markets. The DAX 40 contract was down 36 points, or 0.2%, and the FTSE 100 contract was down 19 points, or 0.3%.

Wall Street gained ground again on Monday, supported by the publication of indicators signaling that the economic recovery is continuing across the Atlantic. The Dow Jones Index (DJIA) closed up 0.3% to 35,913.84 points, after briefly crossing the 36,000 point threshold in session for the first time in its history. The broader S&P 500 index rose 0.2% to 4,613.67 points. The Nasdaq Composite gained 0.6% to 15,595.92 points. The three indices had already reached record highs at the close on Friday. In Asia, the markets are moving mostly down on Monday. The Nikkei index lost 0.4% in Tokyo, catching its breath after Monday's sharp rise. The Hang Seng index of the Hong Kong Stock Exchange dropped 0.2% at the end of the session.

The Australian Stock Exchange's flagship index, the ASX 200, fell 0.6%, as the Reserve Bank of Australia (RBA) announced that it would stop using performance caps and backed away from indicating that interest rates would not rise until 2024. The RBA left its key rate unchanged at 0.10%, the historic low it has been at since the end of 2020. Nonetheless, the central bank has indicated that they now believe that the main conditions for a rate hike, namely full employment in Australia and inflation permanently in a range of 2% to 3%, could be reached sooner than expected.

Yields on US Treasury bonds fell on Tuesday as investors continued to adjust their portfolios ahead of the Fed's monetary policy decision on Wednesday. At 7:30 a.m., the yield on the ten-year Treasury bond, the market benchmark, stood at 1.553%, against 1.562% on Monday evening. Many investors are focused on inflationary pressures, which are more persistent than expected, and are now anticipating a hike in key Fed rates as early as June 2022 despite the uncertain outlook for the global economy.

The euro changed little against the dollar on Tuesday morning. However, the demand for the greenback could increase in the face of major events of the week, including the meeting of the Fed's monetary policy committee. The central bank is expected to announce a $15 billion-a-month cut in bond purchases, while October U.S. payrolls numbers, due Friday, should at least meet consensus, economic recovery seeming to be regaining strength, says Westpac.

Oil prices are trending higher on Tuesday morning as investors expect OPEC+, which brings together the Organization of the Petroleum Exporting Countries (OPEC) and its allies, to remain reluctant to further increase its production despite pressures on crude oil supply. At 7:20 a.m., the January contract on Brent North Sea crude was adjusted 32 cents, to 85.03 dollars a barrel. The Nymex-listed light sweet crude (WTI) December contract was up 17 cents at $84.23 a barrel.