The CAC40 is up 1.3% towards 7505Pts, as the scenario of a fairly clear Republican victory seems to be taking shape on the other side of the Atlantic.

At the time of writing, the New York Times gives Donald Trump a 93% chance of winning a second term, and predicts that the Republican Party will take control of both houses of Congress", points out Panmure Liberum.

"Against this backdrop, US indices are reacting positively, with the S&P 500 up by over 1%. But it is above all the Russell 2000, which groups US small caps, that stands out', notes Saxo Bank.

'In Europe, the reaction is more moderate: fears of an aggressive trade policy and geopolitical tensions, notably due to changes in NATO policy, are weighing on the indices', continues the Danish bank.

While investors' attention is likely to remain focused on the US elections this morning, they will also be taking note of a number of macroeconomic data in Europe, including the composite PMI indices for the month of October.

The HCOB PMI composite index of overall activity in France, calculated by S&P Global, fell from 48.6 in September to 48.1 in October, signalling the sharpest contraction in French private sector activity since last February.

The HCOB composite PMI index of overall activity in the eurozone came in at 50 in October, reflecting complete stability in private-sector activity, after showing a slight contraction to 49.6 the previous month.

In Paris stock news, Crédit Agricole reported a 10.9% increase in underlying group share net income for the third quarter of 2024, pointing in particular to growth in its savings management and insurance business.

Tuesday evening's and this morning's trading highlights also include investment company Eurazeo, chemical companies Solvay and Arkema, renewable energies producer Neoen and credit insurer Coface.

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