Wall Street is expected to open close to balance if not down slightly on Wednesday as investors await the minutes of the latest Federal Reserve meeting in hopes of gleaning new information on monetary tightening in to come.
The European stock markets continue to take advantage of the optimism about the pandemic at mid-session to reach new highs. New York index futures signal an opening to equilibrium for the Dow Jones and the S & P-500 but down 0.3% for the Nasdaq, which has already yielded 1.33% on Tuesday.
In Paris, the CAC 40 gained 0.55% to 7,357.82 around 12:10 GMT after a record at 7,360.11. In Frankfurt, the Dax is 0.71% at its highest in almost two months and in London, the FTSE is up 0.18% at its highest since February 2020.
The pan-European FTSEurofirst 300 index rose 0.11%, the EuroStoxx 50 of the euro zone posted a gain of 0.49% and the Stoxx 600 of 0.12%.
European markets continue the start of 2022 with solid performances thanks to the appeasement of concerns about the Omicron variant of the coronavirus, which would cause a less severe form of COVID-19, which suggests that the current epidemic wave will not do. not permanently derail the economy and corporate profits like the first wave of the disease. The announcement of the slowdown in private sector activity in the euro zone , in December precisely because of the consequences of the Omicron variant, did not hinder the upward trend in the equity markets.
Besides the pandemic, monetary policy in the United States is the other topic of the day as the "minutes" of the US Federal Reserve will be released at 19:00 GMT. The U.S. central bank said last month it would end its bond purchases in the markets in March, signaling three interest rate hikes in the year.
The session on Wall Street will also be punctuated by the publication of the ADP survey on US employment. VALUES TO FOLLOW AT WALL STREET
In transactions before the New York Stock Exchange opened, Alphabet, Microsoft, Meta Platforms, Advanced Micro Devices, Tesla and Nvidia lost 0.2% to 1.3%.
Growth stocks sensitive to interest rate fluctuations - like techs - remain under pressure after the recent rise in Treasury yields, triggered by the prospect of monetary tightening in the United States.
VALUES IN EUROPE
In Europe, Renault climbed 3.28% after Qualcomm announced agreements to supply several car manufacturers, including the French group, with chips.
Nestlé drops 2.75% after the lowering by Jefferies of its recommendation to "underperformance", believing that the margins of the Swiss group would remain under the pressure of rising commodity prices.
At the sector level, the food and beverages compartment (-1.1%) posted the largest drop and that of transport and leisure (+ 1.18%) the largest increase.
RATES / CHANGES
On the bond market, the yield on ten-year Treasuries dropped two basis points to 1.6508% after peaking the day before since November 24, at 1.686%.
In Europe, the German ten-year was stable at -0.129%. The 10-year Italian BTP yield hit a more than two-month high of 1.236%, ahead of a 30-year debt auction.
The dollar index, which measures the movements of the US currency against a basket of other benchmark currencies, fell 0.23%.
“The break in greenback gains follows a similar dynamic in Treasury yields. Today's release of the FOMC's final 'minutes' will be scrutinized by investors keen to find clues as to when the US central bank will plans to raise rates, "said Ricardo Evangelista, senior analyst at ActivTrades.
The euro gains 0.27% to 1.1315 dollars.
Little change on the oil side where Brent gained 0.14% to $ 80.11 per barrel and US crude (West Texas Intermediate, WTI ) lost 0.05% to $ 77.03.