by Diana Mandia

(Reuters) – Wall Street is expected to decrease and the main European scholarships retreat to mid -session with concerns about public debt, which brought the yield of French obligations at 30 to a peak of 16 years.

After an extended weekend, future in New York indices report an opening of Wall Street down 0.61% for the Dow Jones, by 0.73% for Standard & Poor’s-500 and 0.93% for NASDAQ. In Paris, the CAC 40 lost 0.15% to 7,696.25 at 11:03 GMT. Despite the nervousness of the bond markets, the flagship index of the Paris Stock Exchange suffers less than the rest, supported in a way by the luxury sector thanks to several favorable recommendation changes.

In Frankfurt, the Dax fell by 1.48% and in London, the FTSE 100 yields 0.45%.

The Eurostoxx 50 index is down 0.76%, the FTSEURofirst 300 loses 0.80%and the Stoxx 600 fell 0.92%.

The increase in bond yields weighs on Tuesday on the equity markets, while investors continue to worry about the level of public debt, which causes a wave of sales of German and French obligations in the long term.

The yield of French state obligations at 30 years old has reached its highest level on Tuesday in more than 16 years, pushed by the prospect of a new political crisis while Prime Minister François Bayrou began discussions with political parties to avoid a reversal of the government before a vote of trust scheduled for September 8.

The yield at 30 years in Germany, which touched its highest level on Monday since August 2011, is still advancing 5 base points on Tuesday, while the ten years takes more than 4 points, to 2,7877%.

The yield gap between the Bund and the OAT at ten years is 78.4 base points.

Proof of this uncertainty, gold, considered to be reliable protection against geopolitical and economic disorders, reached a new summit on Tuesday, exceeding 3.500 dollars an ounce, while the low dollar and the prospect of a drop this month of the guiding rates of the American federal reserve (Fed) continue to stimulate the attraction for yellow metal.

The decision of an American court of appeal according to which most of the customs duties imposed by Donald Trump are illegal, although it has maintained them in force until mid-October to allow a possible appeal, adds to uncertainty.

In the euro zone, inflation also accelerated unexpectedly in August, slightly exceeding the target of 2% set by the European Central Bank (ECB), which strengthens the arguments in favor of a status quo on interest rates.

The values ​​to follow at Wall Street

Values ​​in Europe

In Paris, Kering and LVMH shares climb on Tuesday at the Paris Stock Exchange of 3.7% and 2.9% respectively, while HSBC noted its recommendation to “keep” to “buy” on the two values, the intermediary saying to “the light at the end of the tunnel” for the luxury sector. Elsewhere in Europe, Nestlé fell 0.87% after announcing the appointment of Philipp Navratil to the post of director general following the immediate departure of Laurent Freixe on Monday, thanked for breaking a professional conduct code.

The Swiss Investment Partners Group group, for its part, took 1.8%, brought by its results of the first half of the year, while the Polish Logistics Giant InsoT fell 9.9% after a second quarter deemed disappointing.

Real estate, sensitive to interest rates, and public service companies record the most important declines among the STOXX 600 sectors.

Rate of bond yields are also up in the United States, where the White House continues to question the independence of the Fed: that of the Treasuries at ten years thus takes 6.3 base points at 4.2887%; While that of the two -year obligation advances from 3.5 base points to 3.6577%.

Changes The Dollar won 0.66% against a basket of reference currencies after having touched its lowest level on Monday since July 28.

The euro in turn loses 0.69% to 1.1628 dollars.

OIL

Oil prices are increasing on Tuesday, the pursuit of the Russian offensive in Ukraine despite diplomatic attempts to find an outcome to the conflict fueling the concerns of the gross supply.

Brent took 1.86% at 69.42 dollars per barrel and American brut (West Texas Intermediate, WTI) advances from 2.97% to 65.91 dollars.

(Some data may accuse a slight offset)

(Written by Diana Mandiá, edited by Augustin Turpin)

Copyright © 2025 Thomson Reuters