The New York Stock Exchange is set to open on an erratic note on Tuesday morning, taking a breather from the bullish momentum of recent sessions that has pushed it to new record highs.

Half an hour before the opening, futures contracts on the main New York indices are either stable or down by 0.1% or 0.2%, heralding little change for the start of the session.

US equity markets have performed well recently, leading the Dow Jones to break through the 40,000-point barrier for the first time in its history.

The upward movement was largely driven by a good earnings season, but also by lower-than-expected inflation figures which reinforced the scenario of further rate cuts.

Markets climbed as monthly inflation figures came in above expectations, meaning that there is still upside potential if inflation continues to move in the right direction", emphasize Deutsche Bank's teams.

While market momentum remains bullish, movements could be more limited on the eve of Nvidia's results, which will be the big event of the week tomorrow evening.

Analysts are expecting the processor manufacturer to report better-than-expected performance for the past quarter, and to unveil a better-than-expected outlook.

Investors may also be tempted to stay away from risky assets on the eve of the publication of the minutes of the Federal Reserve's latest meeting.

Depending on the tone adopted by the central bank governors and the nature of their discussions, the trend could be more volatile in the second half of the week.

In our opinion, the minutes will have a more restrictive tone, in contrast to that of Jerome Powell's press conference, given that other members of the committee are more worried than he is about the effects of their policy", warn BofA analysts.

On the bond front, the yield on 10-year Treasuries continued to fall, dipping below 4.43%, resuming last week's downward movement to one-month lows.

There was little movement on the currency front, with the euro losing a little ground against the dollar at around 1.0855.

On the oil front, prices are back down sharply after having been firmer the previous day due to the death of the Iranian president, which poses a heightened risk of instability in the Middle East

U.S. light crude is currently down more than 1.7% at $78.4 a barrel.

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