The Paris stock market gained almost 0.5%, around 7,610 points, helped by Kering (+2.9%) and Teleperformance (+2.7%).

The trend was marked by the publication of several economic indicators likely to give an insight into the pace of economic recovery in Europe.

Thus, the annual inflation rate in the eurozone stood at 2.6% in May 2024, compared with 2.4% in April. A year earlier, it was 6.1%, according to Eurostat, the European Union's statistical office.

In addition, German investor sentiment improved only slightly in June, whereas economists were expecting a sharper rise, according to the ZEW Institute's monthly survey published on Tuesday.

The index stood at 47.5 points this month, up 0.4 points on May's 47.1, where BofA analysts were expecting it to rise to 50.

The rest of the session will be dominated by a number of US indicators, including retail sales, which should confirm that households are becoming increasingly sensitive to price rises and are adjusting their spending accordingly.

US industrial production figures, meanwhile, should show that no marked upturn in activity is in sight in the manufacturing sector.

All these indicators could provide investors with further clues as to the Federal Reserve's future monetary policy trajectory over the coming months.

On the bond market, the yield spread between the French 10-year OAT (3.16%) and the German benchmark (2.43%) edged back below the 0.8 percentage point mark.

The US 10-year yield climbed back to just under 4.30% in a market context favorable to risky assets across the Atlantic.

The dollar continues to act as a safe haven in the face of the political uncertainties that have arisen in France, with the euro crumbling to almost $1.073/E.

Oil prices remain on a downward trend, while the International Energy Agency (IEA) estimates that the market should be in surplus at least until 2030, with an overproduction of eight million barrels per day. Brent crude is trading at $83.7 a barrel in London (-0.8%).

In news from French companies, Alstom announces that it has received a new order in June from an undisclosed European customer, for a total amount of around 670 million euros, recorded under its first quarter 2024-25.

Air Liquide announces the European Commission's decision to support D'Artagnan, a CO2 transport and export infrastructure project, led by the industrial gases group and Dunkerque LNG, to reduce emissions from the Dunkirk basin.

Finally, Airbus Helicopters announces that it has launched the flight test campaign for the NH90 Standard 2 prototype, one of the latest NH90 configurations, developed specifically for French Army aviation to support Special Forces operations.

Copyright (c) 2024 All rights reserved.