The Paris stock market is down 0.1% this morning, around 8120 points, as it awaits the reopening of Wall Street, whose direction could give the market a boost.

As a reminder, yesterday the Paris market began the week by gaining some 0.5%, at 8132.5 points, in a session characterized by an almost total absence of volumes due to the closure of the US markets.

The reopening of New York after the extended Memorial Day weekend should help dictate a more pronounced trend, even if today's session promises to be relatively quiet in terms of economic indicators.

Only US house prices and the Conference Board's consumer confidence index are on the agenda this afternoon.

More important dates will mark the end of the week, starting with Friday's release of inflation figures, which will be closely watched in both the US and Europe.

These data will provide further information on future interest rate trends, particularly from the Fed, in a climate of growing skepticism about the possibility of further rate cuts.

The recent episode of consolidation on the world's financial markets suggests that investors are waiting for a clear signal before deciding which direction to take.

While the markets are affected by greater 'anxiety' about Fed policy, they can also draw on the confirmed resilience of the US economy, which is now accompanied by a recovery in activity in Europe.

Clément Inbona, fund manager at LFDE, points out that "the good macroeconomic figures in the USA and the rebound in European growth, after five quarters in a row of sluggishness, are translating into upward revisions to earnings forecasts for fiscal 2024 on both sides of the Atlantic".

While the overall climate appears rather favorable for risky assets, valuations remain stretched, particularly in the US, with stock market indices close to record highs.

On the interest rate front, the yield on the 10-year German Bund, the benchmark for the eurozone, eased by four points to 2.54% as we await the reopening of the US bond market.

On the oil market, crude oil prices recovered slightly under the impact of the weakening dollar.

Brent gained 0.2% to $83.2 a barrel, while US light crude (West Texas Intermediate, WTI) gained 1.4% to $78.8.

In French company news, Vinci reported that the town of Milton Keynes, in the UK county of Buckinghamshire, had renewed the contract for the maintenance and improvement of its road infrastructure with Ringway, a local subsidiary of Vinci Construction.

TotalEnergies announced on Tuesday that its joint venture TE H2 had signed a memorandum of understanding with the Austrian electricity company Verbund for the implementation of a large-scale green hydrogen project in Tunisia.

Airbus announced that its subsidiary Airbus Protect had signed a cooperation agreement with Aura Aéro for the certification of ERA, the next 19-seat hybrid-electric regional transport aircraft developed by Aura Aéro.

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