(News Bulletin 247) – The Paris Stock Exchange is expected to rise very slightly on Tuesday morning in markets that remain cautious two days before the publication of very important US inflation figures.

Around 8:15 a.m., the ‘future’ contract on the CAC 40 index – delivery at the end of May – picked up six small points at 7,430.5 points, announcing an opening with no real direction.

Yesterday, the Parisian market had started the week in ‘pause’ mode, managing to stay just afloat (+0.1%) in almost non-existent trading volumes of 2.1 billion euros.

Everything remained frozen during this holiday of the Armistice of May 8, a trend reinforced by the closing of the London Stock Exchange in honor of the coronation of Charles III.

The variations should remain just as limited today in the absence of a major economic event and the lack of information on the hot issues of the moment.

No important economic indicator is on the agenda for the day in Europe
as in the United States pending the publication on Thursday of the consumer price index (CPI) in the United States.

For the record, the consensus of economists is counting on a slowdown in the index to +0.3% in its basic version (‘core’) in April, against +0.4% the previous month.

Investors fear that mixed economic indicators will complicate the task of the Federal Reserve, which has not completely reassured on its intention to quickly interrupt its monetary tightening process.

‘Global inflation is (…) resistance and makes the exercise for central banks very difficult’, acknowledge the Amplegest teams.

‘However, we still believe that the rate hike process is nearing an end,’ adds the management company.

“We are still waiting for one or two rises in the United States, the same in Europe,” continues the asset manager. ‘There will undoubtedly follow a period of several months of stability’, conclude its analysts.

Monday, Wall Street ended Tuesday’s session as it had started, that is to say on an undecided note, despite signs of calm appeared on the front of regional banks.

The Dow Jones fell almost 0.2%, while the Nasdaq Composite lost 0.2% on the contrary.

In the rates market, the week started on a heavy note, in still low volumes, the yield on 10-year Treasuries having risen above the 3.50% threshold on fears over the solids. recently released economic indicators.

In Europe, the yield on the 10-year Bund follows the same trajectory and tends towards 2.32%.

Oil prices continue their erratic trend, torn between hopes of an absence of global recession and fears of a deterioration in demand.

Following its small jump last week, the barrel of Brent consolidated by 0.7% to 76.4 dollars, as did American light crude oil (WTI), which lost 0.8% to 72.5 dollars.

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