by Diana Mandia

(Reuters) – Wall Street is expected to decrease and European scholarships are progressing slightly on mid -session on Tuesday with the relaxation on bond yields during a day without a large catalyst on the markets, and while investors are waiting for developments on the customs duties and a series of data later in the week. Futures in New York indices report an opening down 0.02% for the Dow Jones, by 0.27% for Standard & Poor’s-500 and 0.38% for NASDAQ. In Paris, the CAC 40 earns 0.43% at 7,917.47 points around 10:48 gmt. In Frankfurt, the Dax advances 0.53% and in London, the FTSE 100 takes 0.48%.

The Eurostoxx 50 index is up 0.45%, the FTSEURofirst 300 wins 0.54%and the Stoxx 600 increased by 0.55%.

The equity markets are advancing with caution in Europe, digesting the unexpected lowering of the credit note granted by Moody’s on the American sovereign debt at the end of last week, which saved the appetite for the risk and pushed the upward bond yields during the session on Monday.

The degradation of the American debt note is added to the concerns about the budgetary situation of the United States, while a vote on the tax reduction project of President Donald Trump is expected during the week in the House of Representatives.

Investors are also waiting for new trade agreements, while Trump’s reciprocal customs duties are expected to come into force in early July.

Investors do not forget the commercial policy either and are still waiting for progress in negotiations to reduce customs duties between Washington and its main partners, a question that also hovers in the meeting of finance ministers and governors of the central banks of the seven group (G7) which is held this week in Canada.

Isabel Schnabel, member of the European Central Bank (ECB), said on Tuesday that Frankfurt was on the right track to bring inflation to the target of 2%, while signaling that new obstacles, including a possible world trade war, could cause a new prizes.

Huw Pill, chief economist of the Bank of England (BOE), said that the quarterly rate of reducing guiding rates had been too fast with regard to inflation prospects, justifying his choice to opt for caution during the last British Central Bank Monetary Policy meeting.

In a day without much catalyst, the markets will monitor at 2:00 p.m. GMT the first estimate on consumer confidence in the euro zone, as well as comments from federal reserve managers (Fed) to assess the position of the central bank after the degradation of the United States credit note.

On Thursday, the publication of PMI indicators in Europe and the United States, the German GROP (GDP) (GDP) and monthly retail sales in Great Britain should give new signs on the evolution of the economic situation.

The values ​​to follow at Wall Street

Home Depot, who beat estimates on Tuesday for his turnover in the first quarter, takes more than 2% in a forefoot.

Values ​​in Europe

At the values, Kering, who announced Monday that he had chosen the Italian stylist Pierpaolo Piccioli as artistic director of Balenciaga, turned upwards and took 0.7%, while Vodafone, who had also opened in the red, progresses by 0.4% after having said to foresee a return to growth in Germany, its main market, this year.

The Swiss Bank UBS lost 2.4%, the traders citing a press report according to which the group was about to lose the first stage of a battle on the proposals of the government aimed at obliging it to hold more equity.

Besi sold 1.7% after Degroof Petercam lowered his recommendation on the title.

RATE

Bond returns in the euro zone are rather stable on Tuesday after a volatile session on Monday, investors integrating concerns about American debt and keeping an eye on any new customs duties.

The yield of the German Bund at ten years grabbed 0.4 basic point at 2,5810%. The two years fell from 0.7 base points to 1,8300%.

European markets have also ignored the increase in long -term Japanese state obligations yields, which hit a record level on Tuesday, the poor results of debt sales that have strengthened concerns about the demand for sovereign bonds.

In the United States, the yield of Treasuries at ten years lost 1.4 base points at 4.4612% after reaching a higher month at 4.56% on Monday. The two years fell for its part of 2.1 pb to 3.9620%.

Changes

The dollar fell on Tuesday due to concerns with regard to the US economy and as the vote on the law which should widen the country’s budget deficit. The dollar loses 0.12% against a basket of reference currencies. The euro, for its part, takes 0.03% to 1.1245 dollars.

OIL

Oil prices are slightly decreasing, investors assessing the impact of American-Iranian negotiations on the nuclear program of Teheran, possible talks of peace between Russia and Ukraine and the prudent macroeconomic prospects of China.

The Brent fell 0.26% to 65.37 dollars per barrel and the American light crude (West Texas Intermediate, WTI) yields 0.24% to 62.54 dollars.

(Written by Diana Mandiá, edited by Augustin Turpin)

Copyright © 2025 Thomson Reuters