PARIS (Reuters) – The main European scholarships are expected to be down at the opening on Wednesday, investors preparing for the next monetary policy of the American central bank.

The term contracts suggest an opening of 0.06% for the Parisian CAC 40, against an increase of 0.03% for the FTSE in London, a decline of 0.35% for the Dax in Frankfurt, and a drop of 0.24% for the Stoxx 600.

The American federal reserve will meet at 6:00 p.m. GMT to announce its decision on rates.

“More modest inflation and concerns about growth could make a drop in rates more likely during the year,” said Klaus Baader, chief economist of Société Générale CIB.

The central bank could nevertheless opt for the status quo on Wednesday.

“Uncertainty and customs tariffs weigh on growth prospects, but fears about the imminent trigger of a recession are at this stage. The indications of the FOMC should reflect the uncertainty and the desire to reduce the rates of 50 basic points this year, as reported last December,” adds the economist.

The European markets also integrate the implications of the historic vote on Tuesday of the reform of the brake to debt in Germany.

Berlin will soften the budgetary rules in defense spending, while the creation of an infrastructure fund of 500 billion euros has also been approved by parliamentarians.

Russian President Vladimir Putin and his American counterpart Donald Trump agreed on a 30-day ceasefire on Tuesday in Ukraine limited to energy infrastructure, which Kyiv quickly said he was ready to consider.

The Bank of Japan (BOJ) also left its unchanged interest rates on Wednesday, an unsurprising decision.

A Wall Street

The New York Stock Exchange finished dropping on Tuesday, after two consecutive increases sessions, investors showing caution before the next decision of the Fed while worrying about the potential impact of Donald Trump customs rights policies.

The Dow Jones index sold 0.62%, or 260.32 points, to 41,581.31 points.

The larger Standard & Poor’s 500 lost 1.07%, or 60.46 points, at 5,614.66 points.

The Nasdaq Composite fell on its side of 1.71%, evening 304.55 points, to 17,504,117 points.

In Asia

The Tokyo Stock Exchange finished in dispersed order, taking advantage of a lower yen and a break in the recovery of Boj’s rates. The Nikkei index lost 0.25% to 37,751.88 points. The broader Topix took 0.45% to 2,795.96 points.

In values, the transport sector has displayed the best performance of the 33 sectors of the Tokyo Stock Exchange, up 1.36%.

The Chinese markets finished mixed on profits, investors who previously praised consumption support measures. The Hong Kong Hang Seng index increased by 0.05%, SSE Composite from Shanghai fell 0.1%, the CSI 300 scored an increase of 0.06%.

RATE

American yields vary shortly before the next FED decision on its rates, which should remain unchanged.

Treasury’s yield at ten years takes 1.2 pb to 4.2926%, while the two -year -old title yield was 4.048%.

The yield of the German ten years fell 2.5 pb to 2.791%, that of the rate at two years is stable to 2.18%.

Changes

The yen retreats to the dollar after the last BOJ decision.

In Asia, the yen declines 0.27% to 149.67 yen for a dollar, the Australian dollar yields 0.3% to 0.6342 dollars.

The dollar earns 0.21% against a basket of reference currencies, the euro crosses 0.36% to 1.0904 dollars, and the pound sterling lost 0.25% to 1.2968 dollars.

OIL

The barrel fell back after Russian president Vladimir Putin and his American counterpart Donald Trump agreed on Tuesday of a 30-day ceasefire in Ukraine limited to energy infrastructure.

Brent fell 0.54% to $ 70.18 a barrel, the American light crude (West Texas Intermediate, WTI) weakens 0.66% to 66.46 dollars.

(Written by Corentin Chappron)

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