by Diana Mandia

(Reuters) – Wall Street is expected without management and most European scholarships are progressing on Tuesday in mid -session, assimilating without much drama the fall of the government of François Bayrou in France, while attention turns on monetary policy decisions. Futures in New York indices report a rather stable opening (-0.01%) for Dow Jones, and a slight increase of 0.08% for Standard & Poor’s-500 and 0.17% for the NASDAQ, which crossed a record level on Monday, supported by Broadcom’s progression.

In Paris, the CAC 40 earns 0.39% at 7,764.65 points around 10:52 GMT. In Frankfurt, the Dax fell by 0.36%, affected by losses in the industrial sector, and in London, the FTSE 100 takes 0.23%.

The Eurostoxx 50 index increased by 0.12% and the FTSEUROFRIF 300 and the Stoxx 600 of 0.13%.

The assets barely react to the umpteenth political crisis in France, which materialized on Monday evening with the fall of the government of François Bayrou, who did not obtain, as expected, the confidence of the deputies of the National Assembly on the issue of debt and the budgetary situation of the country.

However, the uncertainties on the fiscal stability of France persist after having triggered a wave of bond sales in the euro zone last week. Investors will therefore be very attentive on Friday to the decision of the Fitch rating agency, which must update the country’s credit note with a risk of deterioration, as well as at the choice of President Emmanuel Macron for the post of Prime Minister, which he has promised “in the next few days”.

The macroeconomic agenda is also low on Tuesday in Europe, and operators focus their attention on the prospect of falling interest rates by the American Federal Reserve (Fed) next week, which supports the equity markets.

The American Labor Department must publish at 1:00 p.m. GMT a preliminary revision of employment figures for the 12 months until March, data that could strengthen the hope of a relaxation of the FED after the data for July and August confirmed the weakening of the labor market in the United States.

The ECB for its part must meet on Thursday and let its deposit rate unchanged for the second consecutive monetary policy meeting of the institution.

The values ​​to follow at Wall Street

Values ​​in Europe

Interparfums lost 0.1%, the group having lowered its forecast of annual turnover, citing geopolitical disturbances and the wait -and -see attitude of consumers on many markets. Anglo American won 8.8% in London after announcing Tuesday that he agreed to merge with the Canadian group Teck Resources, which would constitute the largest merger-acquisition operation in the mining sector for more than a decade.

In Italy, Monte Dei Paschi di Siena gained 3.9% after obtaining 62% of the capital of MEIDOBANCA MDBI.MI (+3.7%).

SAAB lost 4.2% after Barclays began monitoring the defense equipment manufacturer with a recommendation to “under-ponder”.

RATE

Bond yields record a slight increase Tuesday after recent decrees. The yield of Treasuries at ten years old takes 1.7 base points at 4.0627%. The two years clipped 0.8 base points at 3.5026%.

In Germany, the yield of the German Bund at ten years advances from 2.7 base points to 2.6656%. The two years earned 1.3 base points at 1.9364%.

In France, OAT’s yield at ten years is almost unchanged at 3.4761%. The two years advances from 2.3 base points to 2.0437%.

The “Spread” or yield gap between the German Bund and the French OAT at 10 years – which allows the risk premium associated with French debt to be measured – spring to 81 base points after having touched a peak at 83.38 earlier since March 2025.

Changes The Dollar loses 0.10% against a basket of reference currencies, bordering on its lowest level for seven weeks, while investors expect revisions of American data which could indicate a more serious job market situation.

The euro abandons 0.05% to 1.1756 dollars.

OIL

Oil prices are continuing their rise on Tuesday, supported by an increase in production of OPEC+ lower than forecasts, and while potential sanctions against Russia strengthen fears about supply.

Brent advances 0.56% to 66.39 dollars per barrel and light American crude (West Texas Intermediate, WTI) gained 0.59% to 62.63 dollars.

Metals

The price of gold reached a record level Tuesday at 3.659.10 Dollars, the ounce, supported by the weakness of the American currency and the decline in bond yields, while the growing anticipations of a drop in Fed rates in September stimulate demand for precious metal.

It appears at 3,650.11 dollars at 10:52 GMT.

(Some data may accuse a slight offset)

(Written by Diana Mandiá)

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