After two sessions of sharp declines (-1.6% on Friday, then -1.4% on Monday to 7149 points) for the CAC40, the Paris Bourse posted a further 0.6% drop this Tuesday to 7105Pts, despite the Nikkei's clear recovery of nearly 9%.

As a reminder, the world's stock markets were largely in the doldrums on Monday, as illustrated in particular by Tokyo's plunge of over 12%, followed by falls in European and US indices, against a backdrop of anxiety about the US economy.

Despite the weakness of the latest labor market data, we believe that a soft landing remains the most likely outcome for the economy", moderates Stephen Brown, Deputy Chief Economist for North America at Capital Economics.

Nevertheless, the risk of a hard landing has increased, while the market's disorderly reaction - if it continues - could prompt the Fed to ease policy sooner than expected", he continues.

In today's statistics, German industrial orders were released on Tuesday, followed by eurozone retail sales in the morning. US trade balance figures are expected in the early afternoon.

After declining for five months in a row (including -1.7% in May), volume orders in German industry rebounded by 3.9% in June 2024 compared with the previous month, according to seasonally and calendar-adjusted data from Destatis.

Between May and June 2024, seasonally-adjusted retail sales volumes fell by 0.3% in the eurozone and by 0.1% in the EU, according to initial estimates from Eurostat, the European Union's statistical office, following increases of 0.1% the previous month.

In stock news, Vallourec announced the completion of ArcelorMittal's acquisition of the Apollo funds' entire stake in the tube manufacturer, for a total purchase price of 955 million euros.

Credit insurer Coface reported a 10.4% increase in net income, group share, to 142.3 million euros for the first half of 2024, on sales down 3.8% to 922.7 million (-3.1% organic).

Airbus presented its order and delivery figures for July 2024. The aircraft manufacturer reported 77 deliveries to 40 customers during the month. At the same time, it booked 59 gross orders. Since the beginning of the year, Airbus has made 400 deliveries to 70 customers.

TotalEnergies sold its 50% stake in Total PARCO Pakistan Limited (TPPL) to the Gunvor petroleum products trading group. TPPL has a distribution network of over 800 service stations in Pakistan, as well as logistics and lubricants activities.

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