Futures contracts suggest an opening of 0.24% for the Parisian CAC 40, compared to an increase of 0.15% for the FTSE in London, 0.03% for the Dax in Frankfurt and 0.29%. for the EuroStoxx 50.
The markets are navigating through political uncertainties and the sluggishness of economic activity in the euro zone on Tuesday, the ingredients conducive to volatility are thus gathered while awaiting the publication of first data in the United States later in the session.
The probable censorship of Michel Barnier's government in France is focusing attention on the Old Continent while the market seems to recognize that the political situation in France will remain undecided for several weeks.
At the same time, economic indicators published on Monday showed a sharp drop in manufacturing activity in the euro zone and a sharp decline in demand, reducing the prospects of an imminent recovery.
The JOLTS survey on job creation, which is one of the favorite indicators of officials of the US Federal Reserve (Fed), is expected later in the session, before the monthly employment report on Friday. -Atlantic.
VALUES TO FOLLOW: [L5N3N31H1]
After closing down 6.3% on Monday following the surprise resignation of its general manager, Stellantis will be scrutinized while a source told Reuters that the car manufacturer's board of directors had notably two internal candidates on his preliminary list to succeed him.
A WALL STREET
The New York Stock Exchange ended Monday in disorganized order for its first session of December after a particularly dynamic month of November, with a slight decline in the Dow Jones while the S&P-500 and the Nasdaq were carried by technology stocks.
The Dow Jones index lost 0.29%, or 128.65 points, to 44,782.00 points.
The broader S&P-500 gained 14.77 points, or 0.24%, to 6,047.15 points.
The Nasdaq Composite rose 185.78 points (0.97%) to 19,403.948 points.
IN ASIA
The Tokyo Stock Exchange rose sharply on Tuesday, with semiconductor stocks pulling up the indices by benefiting from the performance of their American counterparts.
The Tokyo Stock Exchange ended up 1.91%.
In China, the gains of chip manufacturers make it possible to offset the fall in financial stocks which should see their returns decrease with the new monetary situation.
The Hong Kong Hang Seng index increased by 0.8%, the Shanghai SSE Composite strengthened by 0.43%, the CSI 300 recorded an increase of 0.15%.
RATE
Yields are increasing in the United States before the publication of several indicators this week.
The yield on the ten-year Treasury rose 1.7 basis points (bp) to 4.211%, while that of the two-year security dropped 1 bps to 4.1877%.
CHANGES
The dollar is supported on Tuesday by French political uncertainty which undermines the euro while the weakness of the Chinese economy and the risks of rising customs tariffs push the yuan to its lowest level in a year.
In Asia, the yuan slipped to its lowest level since November 2023 at 7.2980 per dollar in early trade.
The yen declined by 0.34% to 150.1 yen per dollar, the Australian dollar lost 0.08% to 0.6466 dollars.
The dollar for its part gained 0.07% against a basket of reference currencies, the euro eroded by 0.1% to 1.0487 dollars, and the pound sterling lost 0.07% to 1.2646 dollars. .
OIL
The barrel is rising on Tuesday before the meeting of OPEC+ ministers scheduled for Thursday.
Brent rose by 0.4% to $72.12 per barrel, American light crude (West Texas Intermediate, WTI) rose by 0.32% to $68.32.
(Written by Bertrand De Meyer, edited by Kate Entringer)
