by Diana Mandia

(Reuters) – European scholarships ended up on Tuesday, carried by the luxury sector and the resumption of the automotive and technological sectors, while investors await the comments of several officials of the American Federal Reserve (Fed), including its president Jerome Powell, provided in the evening.

In Paris, the CAC 40 won 0.54% at 7,872.02 points around 3:59 p.m. GMT. In Frankfurt, the Dax advanced 0.44% and in London, the FTSE 100 finished slightly down (-0.04%).

The Eurostoxx 50 index took 0.70%, the FTSEURofirst 300 0.23%and the Stoxx 600 0.38%.

The equity markets have completed the session on a positive note, supported by the increase in luxury values ​​- which have particularly helped the Parisian CAC 40 -, the renewable energies sector and technology which, in the wake of the Nasdaq the day before, benefits from the enthusiasm aroused by the partnership between Nvidia and Openai.

However, investors mainly have their eyes on American monetary policy, while a series of Fed officials are expressed these days to give their opinion on the development of interest rates, after the central bank announced last week the first drop in loan costs since December 2024.

The key meeting of this series of interventions is that of the president of the Fed, Jerome Powell, Tuesday at 4:35 pm GMT, which will be expressed on the economic prospects in a context of concern about the health of the labor market, reason invoked by the Central Bank to resume its softening cycle last Wednesday.

This diagnosis is not, however, shared by the entire Fed, several of its members, such as the new governor, Stephen Miran, and the vice-president in charge of surveillance, Michelle Bowman, having warned against the risks linked to a lack of determination. Others, on the other hand, questioned the need for these new decrees on Monday in a context of still high inflation.

The markets also digest the figures for the PMI indices of the euro zone published on Tuesday, which show that economic activity experienced its strongest growth in September in September, despite a much more nuanced table in France, where activity, however, contracted in September at its most marked rate since April.

In Germany, the economic institutes noted their growth forecasts for 2025 to 0.2% and planned rebounds of 1.3% in 2026 and 1.4% in 2027, according to sources to the question.

VALUES

In Paris, LVMH and Oreal took 3.2% and 3.5% respectively, helped by the prospects of Bank of America (BOFA) for the third quarter, which increased the luxury compartment on the Stoxx to a peak of four months to finish on a gain of 2.09%. Burberry won 1.9% and Moncler 2.4%.

Orsted took 3.9%, benefiting from the just American decision to authorize the resumption of work on her “Revolution Wind” project in the United States.

The automotive sector, which suffered on Monday from the downward revision of the prospects of Porsche and Volkswagen, was redresses on Tuesday to finish on a gain of more than 2%.

The European distributor of house development products Kingfisher, which announced an increase of 10.2% of its before taxed result adjusted in the first half, increased by 14.6%.

Tui has won 2.7%, the largest European tour operator who confirmed its annual financial objectives on Tuesday and in the medium term.

A Wall Street

At the time of the fence in Europe, the Dow Jones is advancing 0.11%, the Standard & Poor’s 500 fell 0.16%and the Nasdaq Composite yields 0.31%.

The latter, with a strong technological component, recorded a new record on Monday after the announcement by Nvidia of an investment of up to $ 100 billion in Openai, but after an increase of almost 4% the day before, the title of the Giant of the AI ​​fell by 1.99%, the partnership also arousing fears related to competition in the sector

Changes

The exchange market is calm on Tuesday, while waiting for the words of Jerome Powell.

The dollar grabbed 0.01% against a basket of reference currencies and the euro lost 0.06% to 1.1795 dollars.

RATE

On obligatory, feeling is also wait -and -see.

The yield of Treasuries at ten years changes without much change at 4.1428%, as is that of the two -year obligation which appears at 3.6029%.

In Europe, the yield of the German Bund at ten years ended up very slightly increased to 2.7511%. The two years grabbed 0.8 base points to 2.0259%.

In the United Kingdom, the British Gilt at 10 years old, on the other hand, lost 2.7 base points at 4.692% after the publication of PMI data, which show that British companies are faced with a loss of dynamism and confidence in the approach of the presentation of the country’s new budget.

OIL

Oil prices are growing while gross exports from Iraqi Kurdistan have still not resumed Tuesday, despite the agreement concluded in this sense, which soothes the fears of investors concerning global overproduction.

Brent took 2.22% at 68.05 dollars per barrel and American light crude (West Texas Intermediate, WTI) advances from 2.52% to $ 63.85.

Metals

The price of gold reached Tuesday a new record of 3.790.82 dollars, supported by flows to refuge values ​​in a context of geopolitical uncertainty and by anticipations of a new drop in Fed rates.

To be continued on September 24:

(Some data may accuse a slight offset)

(Written by Diana Mandiá, edited by Augustin Turpin)

Copyright © 2025 Thomson Reuters