The Paris stock market lost nearly 0.6% this morning around the 7,590-point mark, penalized by Kering (-1.9%), L'Oréal and Stellantis (-1.3 each).

Caution is the order of the day on the Paris stock exchange, as investors will discover the latest US retail sales figures early this afternoon, data which will fuel debates on the effects of inflation on US household consumption.

Consensus forecasts point to a 0.2% month-on-month decline in retail sales, reflecting reduced consumer demand due to recent price rises.

These new data could help to better assess the risk of a slowdown in growth in the second half of the year, and the extent of monetary easing to be expected from the Fed between now and the end of the year.

In Germany, the ZEW index - which measures investor sentiment - is expected to show weakness, a sign that the country's economic context remains gloomy.

On the results front, the major US banking groups will remain in the spotlight on Tuesday, with Bank of America and Morgan Stanley's quarterly results expected at lunchtime.

The quarterly results season, which began last week and will intensify this week, could prompt investors to adopt a cautious stance as they await publications from the major technology groups.

On the bond market, the yield on 10-year Treasuries continues to hover around 4.18%, at almost four-month lows.

The German 10-year bond is unchanged at 2.44%, while the 10-year OAT rate has stabilized at 3.08%, resulting in a narrowing spread of 64 basis points.

On the foreign exchange market, the euro remained stable against the greenback at $1.089/E, still trapped in its 'range' between 1.06 and 1.09, two days ahead of the European Central Bank's (ECB) monetary policy announcements.

The oil market consolidated after five consecutive weeks of gains, despite the increasingly serious prospect of a victory for Donald Trump, whose policies are favorable to the sector.

Brent crude gave up 0.9% to $84.1 a barrel.

Finally, in news from French companies, TotalEnergies reported that it had signed a binding agreement with SSE to create a joint venture to launch a new major player in electric charging in the UK and Ireland, called 'Source', subject to the necessary regulatory approvals.

TotalEnergies also reports that its European refining margin indicator fell sequentially to $44.9 per tonne in the second quarter of 2024, compared with $71.7 in the first three months of the year.

Vinci announced that its subsidiary Cobra IS had been selected by SMS Group GmbH to carry out work on part of steelmaker Thyssenkrupp Steel Europe's industrial complex in Duisburg, Germany, a contract worth 74 million euros.

Finally, Eiffage announced the strengthening of its presence in the Dutch energy market through the acquisition of two companies, EKB (a specialist in the design, construction and maintenance of industrial automation systems) and Rensen (a specialist in building management systems).

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