The Paris Bourse is expected to rise opening Tuesday, after three sessions of losses, helped by the turnaround in Wall Street on Monday, but still under the threat of interest rate hikes in the bond market.
The futures contract of the flagship CAC 40 index rose 0.60% forty minutes before the opening of the session. The day before, it had ended down 1.44% 7,115.77 points.
In the United States, the Nasdaq technology index, which was down sharply at the close of Paris on Monday and which plunged nearly 3% in session, finally ended narrowly in the green (+ 0.05%).
The Dow Jones index finally fell only 0.45% after slipping nearly 2%.
US 10-year chance bond yields rose to 1.80%, a two-year high, before settling down 1.76%.
The inability to surpass the 1.80% mark on Monday may have helped alleviate the weakness in US stock markets, says Michael Hewson of CMC Markets.
Bond rates have tightened in recent weeks with fears related to the economic impact of the Omicron variant and the more combative attitude towards inflation from the US Federal Reserve (Fed), which is about to hike rates in the spring.
Consumer prices increased at an unprecedented pace for nearly 40 years in November (+ 6.8%) according to the CPI index. On Wednesday, the figure for December will be released.
At the end of the Paris session, investors will await the hearing of Fed President Jerome Powell in front of the Snat.
We will use our tools to support the economy and a strong labor market and to prevent inflation from taking hold, he said in a speech prepared in advance and released on Monday, without further details.
Above all, Jerome Powell may be faced with many questions about the timing and number of possible key rate hikes by the institution, Mr. Hewson developed.
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TechnipFMC: the paraptroline company announced Monday that it would cease to be listed in Paris but would remain so in New York, after the split which led to the creation in France of Technip Energies in early 2021.
Crdit Agricole: the main shareholder of the ailing Italian bank Carige announced on Monday that it had accepted the proposal to buy out its competitor Bper Banca with a view to opening exclusive negotiations, thus inflicting a setback on Crdit Agricole, also in the running.
Airbus: the aircraft manufacturer delivered 611 planes and had 507 net orders in 2021, according to its annual report, almost a third below its pre-crisis level. On Monday, the American aircraft lessor Azorra, a new customer, ordered 22 medium-haul A220 single-aisle aircraft, including two in the business version.
Veolia: the group announced on Monday the separation of the functions of chairman and general manager of the group as of July 1, Antoine Frrot remaining chairman of the board of directors and Estelle Brachlianoff becoming general manager.