by Diana Mandia

(Reuters) – Wall Street is seen without management and the European scholarships evolve on a prudent note at mid -session, the wait -and -see being before the decision of the Federal Reserve (Fed) on the rates provided in the evening. Futures in New York indices report an opening of Wall Street up 0.06% for the Dow Jones and a drop of 0.08% for Standard & Poor’s-500 and 0.11% for NASDAQ.

In Paris, the CAC 40 lost 0.11% to 7,809.98 points around 10:36 GMT. In Frankfurt, the Dax advances 0.09% and in London, the FTSE 100 takes 0.22%.

The EuroStoxx 50 index grapped 0.05%, as is the FTSEUROFirst 300. The Stoxx 600 wins 0.06%.

Investors have their eyes riveted on the Fed, which should announce a decrease of 25 basic points of its interest rates later during the day, and especially on the speech of its president, Jerome Powell, in order to obtain indices on the pace of a possible future relaxation.

“There will be between two and three rate decreases this year,” predicts Roland Kaloyan, head of the European Actions Strategy at Société Générale.

“It is not a question of saying that the Fed will go from a restrictive monetary policy to a great softening. I would rather say that, if we compare with inflation, it is rather normalization,” he adds.

The anticipations of a drop in American rates have weighed in recent days on the dollar, while the euro has appreciated, an evolution which, according to the analyst, could reduce the profits of the companies focused on the export by around 4%.

In addition to the Fed, the equity markets will monitor the decisions of the Banque du Canada on Wednesday and the Bank of England on Thursday.

In London, the script for status quo planned has not changed an iota after the publication, in the morning, of inflation data in August, which, at 3.8% in annual sliding, remains the highest among major economies.

In the euro zone, inflation, for its part, remained stable in August, at 2% and therefore online with the objective set by the European Central Bank (ECB), which further strengthens the arguments in favor of a prolonged break on interest rates.

Values ​​in Europe

Eutelsat yields 3.4% after the AlphaValue broker lowered his recommendation on the value. Belgian Solvay fell 2.8% for the same reason.

Forvia, which announced on Wednesday that it had placed $ 500 million in 2033 maturity, advances 3.4%.

Elsewhere in Europe, PostNL takes more than 1%, reducing its morning earnings, while the Dutch group announced its new strategy aimed at a normalized Ebit of more than 175 million euros by 2028.

RATE

Bond yields retreat slightly on Wednesday before the Fed. That of the ten -year -old Treasuries gives in approximately 1 base point to 4.0145%, while its two -year counterpart loses 0.7 base points at 3.5030%.

In the euro zone, the yield of the German Bund at ten years abandons almost 2 base points at 2.6752%. The two years reduced 0.6 points to 1.9986%.

Changes

The dollar returns to a little ground after having touched its lowest level in four years against the euro due to the prospects for monetary easing in the United States. It advances 0.17% in the face of a basket of reference currencies, while the European currency yields 0.24% to 1.1837 dollars.

OIL

Oil prices retreat on Wednesday after progressing more than 1% the day before, even if persistent geopolitical tensions limit losses.

The Brent fell 0.86% to 67.88 dollars per barrel and the American light crude (West Texas Intermediate, WTI) abandons 0.91% to 63.93 dollars.

(Written by Diana Mandiá, edited by Augustin Turpin)

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