The Paris Bourse is set to open with little change on Wednesday, on the eve of what promises to be a lacklustre session in the absence of American investors due to the US bank holiday.

At around 8:15 a.m., the future contract on the CAC 40 index - expiring in June - was up 22 points at 7646 points, pointing to a continuation of the rebound that has been underway since the start of the week.

After last week's heavy losses, the Paris market managed a second session of gains yesterday, climbing nearly 0.8% to 7,628 points.

Today's trading is likely to be more restrained, as the New York Stock Exchange closes for the 'Juneteenth' day in celebration of the abolition of slavery in the United States.

This day off comes at a time when the US equity markets posted their seventh consecutive session of gains yesterday, ending the day on a new record high.

Thanks to a rise of more than 3.5%, Nvidia took the title of the world's largest capitalization, with a market value of $3.335 billion, ahead of Microsoft ($3,317 billion) and Apple ($3,285 billion).

As an indication, in October 2022, the AI chipmaker ranked 18th among the largest companies in the S&P 500 index, with a value of less than $300 billion.

In addition to the absence of Wall Street, the European financial markets are likely to see little action today in the absence of economic indicators.

The early morning was nevertheless marked by the announcement of a further fall in inflation in the UK, where consumer prices rose by just 2% year-on-year in May, compared with +2.3% in April.

This is good news as market operators await the Bank of England's (BoE) monetary policy meeting on Thursday, at the end of which no rate cut is expected.

Several statistics will also punctuate the end of the week, including the PMI activity indices for Europe, due out on Friday.

Amid this general torpor, the euro continues to hover around 1.0740 against the dollar.

Bond yields continue to fall, with German 10-year yields down to 2.39% and French OATs at 3.16%.

On the oil market, crude oil prices made a timid comeback in a climate marked by a slight return of risk appetite.

Brent crude gained less than 0.1% to $85.4 a barrel, while US light crude (WTI) also nibbled at 0.1% to $81.6.

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