The Paris stock market continued the consolidation trend begun the previous day, and this evening lost 0.27% to 7294 points. The index was penalized in particular by the decline in the automotive sector, with Renault down 3.8% and Stellantis down 2.3%.
On the SBF 120, automotive equipment companies are also down sharply, with Valeo down 4.7% and Forvia down 4.2%.

On the statistics front, the economic agenda included the early afternoon publication of US housing starts and building permits. The Commerce Department reported an unexpected surge of 21.7% in housing starts in May, to an annualized rate of 1,631,000, a level well above economists' expectations.

Building permits for US homes - supposed to foreshadow future housing starts - rose by 5.2% to 1,491,000 annualized.491,000 at an annualized rate last month, a level also higher than the market consensus.

These figures could confirm the recent signs of recovery observed in the US construction sector.

In any case, this does not support the dollar against the euro. The European currency is trading at $1.0915.

On the bond front, instability persists, and after +5Pts the previous day, yields on Treasuries are now -5Pts to -6Pts down on Friday's levels (2.922% on OATs, 2.404% on Bunds).
Note the virtual stagnation of Italian BTPs, with -0.6Pt at 4.030%.

In news from French companies, Dassault Systèmes and Dassault Aviation announce the next stage in their long-term collaboration, which 'aims to ensure the highest level of security, sovereignty and cloud collaboration for major defense programs'.

Stellantis announced on Tuesday the creation of a joint venture with Taiwan's Foxconn to design and market innovative semiconductors for the automotive industry.

Airbus reports that Australia's Qantas has finalized an additional order for nine A220-300s, bringing its order book for this type of single-aisle aircraft to 29.

Air India has also confirmed its order for 250 Airbus aircraft, comprising 140 A320neo and 70 A321neo aircraft, as well as 34 A350-1000s and six A350-900 wide-body jets.

In addition, Volaris, Mexico's ultra-low-cost airline, presented its order for 25 A321neo aircraft under a purchase agreement to be signed in October 2022.

Finally, TotalEnergies reports that it has signed an agreement with Saint-Gobain France for the sale of 100 GWh of biomethane over a three-year period starting in 2024, to be produced at its BioBéarn site, which came on stream earlier this year.

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