The Paris Bourse is expected to open in the red on Tuesday, as it awaits the reopening of Wall Street, which closed yesterday for a long weekend, and whose direction should set a trend for the market.

At around 8:15 a.m., the future contract on the CAC 40 index - based on the July maturity - was down 19 points at 7304.5, heralding a note of heaviness at the opening.

The CAC ended Monday's session down 1% at 7,314 points, penalized in particular by the deterioration of the bond markets in Europe.

Interest-rate markets on the Old Continent got off to a tense start this week, wiping out Friday's gains and signalling erratic movements ahead of the ECB's next rate hikes.

The 10-year German Bund is thus stretching towards 2.51%, while the French OAT is up to 3.03%.

A small reason for relief, the CAC 40 managed to close Monday's session above its major resistance level of 7305 points, a configuration that lends credence to the ambient optimism surrounding the index.

Graphically, the CAC 40 index is set to continue its upward trend, rising above the 7,400-point level to seek out its annual and all-time highs", commented Kiplink Finance's teams.

A bearish trend continues to prevail in Asia on Tuesday, where the
Tokyo Stock Exchange (-0.2%) continues to consolidate after a strong start to the year, which saw it soar by almost 28%.

Once again, the Nikkei index managed to hold above the symbolic 33,000-point threshold, which represents a 33-year high.

Tuesday's session is likely to be busier than the previous day on the equity markets, with the reopening of Wall Street following the extended 'Juneteenth' weekend, the direction of which should give direction to the market.

Futures contracts are currently pointing to a 0.3% or 0.4% decline on Tuesday for the New York indices, which had all posted comfortable gains last week.

While the economic agenda looks relatively light, investors will be paying particular attention to the early afternoon release of housing starts and building permits.

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

In any case, this does not support the dollar, which continues to be penalized by the prospect of a serious slowdown in the economy in the second half of the year.

The euro is thus closing in on 1.0830 this morning against the greenback.

Crude oil prices remain on a downward trend, as investors are reluctant to buy on the cheap following their recent downturn due to the persistent slowdown in demand.

Brent crude lost 0.3% to $75.9 and US light crude (WTI) dropped &.4% to below $70.8.

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