The New York Stock Exchange rose cautiously on Tuesday ahead of the announcement of monthly inflation figures, which will help investors to better assess the trajectory of the Fed's next interest rate cuts.

In late morning trading, the Dow Jones advanced 0.4% to 42,460.1 points, while the Nasdaq Composite nibbled just 0.1% to 19,097 points.097 points.

Market participants preferred to limit their risk-taking as the yield on ten-year government bonds reached its highest level in almost a year and a half.

This benchmark yield is above the 3.80% zone considered by some investors to be an important technical level.

US yields have resumed their upward trend since December, buoyed by statements from Fed Chairman Jerome Powell that monetary policy has entered a 'new phase' marked by slower rate cuts than previously.

The combination of solid economic indicators, the recent reawakening of inflation and the prospect of a pro-growth policy from Donald Trump triggered bond sales, as investors positioned themselves for higher key rates for longer than anticipated.

On the economic front, the Labor Department reported this morning that producer price inflation accelerated to 3.3% in December, compared with November (+3%).

However, last month's increase slowed (-0.2 points to 3.3%), excluding food, energy and commercial services.

But market participants are mainly waiting for tomorrow's inflation report to position themselves.

The publication of the CPI figures may prove decisive in anticipating the evolution of the Fed's monetary policy.

The rest of the week promises to be lively, with tomorrow's start of the 4th-quarter earnings season, marked by releases from Citi, JPMorgan, Goldman Sachs and Wells Fargo.

At sector level, stocks linked to real estate (+0.7%), raw materials (+0.7%) and utilities (+0.6%) are the best performers at the start of the day.

Conversely, the healthcare sector posted the day's biggest decline, falling 1.3% in the wake of a 7% fall in Eli Lilly's share price on the back of what was deemed a disappointing 2025 outlook.

On the currency front, the dollar lost a little ground to the euro, which managed to maintain its 1.03 level against the greenback.

On the foreign exchange front, the dollar continues to hold its own, even though the euro has managed to defend the 1.0250 threshold for the time being.

Oil prices are consolidating a little after their recent bull run, which saw a barrel of US light crude (WTI) approach the $80 mark yesterday for the first time since last August.

WTI is currently down 1.2% at $77.8.

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