by Claude Chendjou

PARIS (Reuters) – A slight rebound in the New York Stock Exchange is expected at the opening on Wednesday, upstream of the monetary policy decision of the American Federal Reserve (Fed), while European scholarships are hardly evolving at mid -session, the attention remaining focused on the conflict between Israel and Iran.

The term contracts in New York indices report an opening of Wall Street up 0.02% for the Dow Jones, by 0.08% for the Standard & Poor’s 500 and 0.16% for the NASDAQ, the day after a session in red marked by mixed economic indicators and geopolitical risk.

In Paris, the CAC 40 lost 0.30% to 7,660.81 points around 11:30 am GMT. In Frankfurt, the Dax fell by 0.50%, and in London, the FTSE declines by 0.12%, distinguishing itself thanks to oil values.

The pan -European FTSEUROFIRST 300 pan of 0.40%, the Eurostoxx 50 in the euro zone of 0.37%, and the STOXX 600 of 0.47%.

Tensions in the Middle East again dominate, on the sixth day of the war between Iran and Israel. Ayatollah Ali Khamenei has also threatened the United States with “irreparable” consequences in the event of military intervention alongside Israel, bringing up crude prices in fear of a supply of supply in the region. These courses had reflected at the start of the session after winning 4% on Tuesday, relieving the equity markets and the euro a little.

On the monetary policy front, the Fed must make its decision at 6:00 p.m. GMT. A status quo on rates is largely anticipated, but the markets will monitor the new economic forecasts of the bank and the words of Jerome Powell, the president of the institution, on all the evils of the moment, ranging from geopolitics to customs duties, including inflation.

The values ​​to follow at Wall Street

Meta Platforms is to be followed while Openai CEO, Sam Altman, said that the social networks giant had offered employees of the Chatgpt creator of $ 100 million bonuses to debuct them from the start-up.

Values ​​in Europe

Airbus advances 1.81% after raising the top of the range of its dividend objective.

Astrazeneca and GSK retreats 1.40% and 1.79% respectively after the warning of the American president, Donald Trump, on new customs duties in the pharmaceutical sector.

RATE

Sovereign bond yields in the euro zone are practically stable, the traders awaiting new catalysts. The ten years German fell 1.8 base, to 2.516%, and two years of one point, to 1.856%.

The yield of American treasury bills at ten years follows the same trend, at 4.3751%, while the two years appears at 3.9435% before the Fed announcements.

Changes

The US dollar depreciated on Wednesday against Yen and the Swiss franc, the fighting between Israel and Iran having prompted investors to turn to these two refuges currencies, whose status has recently been strengthened. The expectation of the Fed’s decision also feeds a certain volatility on the greenback.

Faced with the Yen, the dollar fell 0.2% to 144.975 and switched to the red against the Swiss franc at 0.81665 francs.

The euro advances 0.17%, to 1.1498 dollars, after losing 0.70% Tuesday, while inflation in the euro zone slowed down, as expected, to 1.9% over one year in May.

The Sterling book is exchanged at 1.3447 dollars (+0.19%) after the publication of inflation data, which showed a slowdown in prices in the United Kingdom in May, at 3.4% over a year, on the eve of the monetary policy of the Bank of England (BOE).

OIL

The oil market is up on Wednesday after a drop at the start of the session, fears about the supply of the conflict between Iran and Israel, winning it again.

Brent takes 0.10% at $ 76.52 per barrel and light American crude (West Texas Intermediate, WTI) 0.11% at $ 74.92.

Main economic indicator at the agenda of June 18:

Pays GMT indicator previous consensus period

USA 2:30 p.m. Weekly registrations at the week at 245,000 248,000

unemployment June 14

(Written by Claude Chendjou, edited by Kate Entringer)

Copyright © 2025 Thomson Reuters