PARIS (Reuters) - Europe's main stock markets rose cautiously on Tuesday morning amid optimism about the imminent end of the monetary tightening cycle by the major central banks, and pending data on US and German inflation, as well as retail sales figures in the eurozone.

In Paris, the CAC 40 gained 0.73% to 7,378.13 points around 07:40 GMT. In London, the FTSE 100 advanced by 0.59% and in Frankfurt, the Dax gained 0.61%.

Wall Street futures point to a stable opening for the Dow Jones, Standard & Poor's 500 and Nasdaq, following a session of gains for the first two indices.

The caution shown before the long Easter weekend gave way in Europe, after four days of closure, to a measured appetite for risk when the markets reopened on Tuesday, while the US employment report published on Friday showed job creations at a still-steady pace in March, which could argue in favor of a new round of monetary tightening.

However, according to some analysts, such as Gary Ng of Natixis, the markets have already priced in a 25 basis point rate hike by the US Federal Reserve (Fed) in May, and are awaiting the US consumer and producer price figures due on Wednesday and Thursday.

German inflation figures for March are due on Thursday.

In the Eurozone, monthly retail sales figures will be published at 09:00 GMT, with the Reuters consensus forecasting a fall of 0.8% over one month and 3.5% over one year.

The International Monetary Fund (IMF) is due to publish its forecasts for the world economy at 13:00 GMT.

On the stock market, the positive trend was led by the basic resources sector (+1.81%), with ArcelorMittal (+2.82%) and the automotive sector (1.95%), with Renault (+2.84%) and Stellantis (+2.67%) among others.

In corporate news, Airbus was in the green following the announcement of 127 aircraft delivered in the first quarter, while Accor gained 1.81% as Morgan Stanley raised its recommendation to "overweight".

Glencore advanced by 2.59% as its CEO was due to meet some of the shareholders of Teck Resources in Toronto on Thursday, according to a source, with a view to gaining their support for the Anglo-Swiss giant's proposed $22.5 billion (€20.65 billion) takeover of the Canadian group.

(Written by Claude Chendjou, edited by Blandine Hénault)