The main European stock markets are expected to be close to equilibrium on Wednesday after statements by several members of the Federal Reserve, who dismissed the idea that the central bank would relax its efforts in the face of inflation, while the Geopolitical tensions between the United States and China should also keep investors on their toes.

Futures contracts give an increase of 0.02% for the CAC 40 in Paris, 0.06% for the Dax in Frankfurt and a decline of 0.22% for the FTSE in London.

Several Federal Reserve officials, including „doves” Mary Daly and Charles Evans, said on Tuesday that they and their colleagues remained committed and „totally united” to raise U.S. interest rates to a level that would curb more significantly economic activity and bring inflation under control.

His statements pushed back expectations of a rate cut in the first half of 2023, as evidenced by fed funds rate futures, while the likelihood of another 75 basis point hike in September has increased considerably.

On the diplomatic front, China strongly condemned the visit to Taiwan by Speaker of the US House of Representatives Nancy Pelosi, who hailed in front of the parliament in Taipei „one of the freest societies in the world”.