(CercleFinance.com) – The New York Stock Exchange should open lower on Tuesday morning, marking a pause the day after an upward session sparked by the strength of technology stocks in a wait-and-see market on the eve of the publication of monthly figures for inflation.
Half an hour before the opening, the ‘futures’ on the New York indices fell from 0.2% to 0.4%, announcing the start of the session in negative territory.
Wall Street had progressed on Monday, driven by Tesla (+10%) in the wake of an increase in recommendation from Morgan Stanley analysts and thanks to the strength of stocks linked to artificial intelligence in general.
Caution should nevertheless be required today before the consumer price statistics, knowing that a figure higher than expectations could encourage the Federal Reserve to continue its rate hikes.
With the rise in gasoline prices, inflation is expected to rise by at least 0.6% in August from one month to the next, its strongest increase since January, enough to fuel doubts about the slowdown in inflation.
Another unfavorable factor, Oracle revealed quarterly results better than expected on Monday evening but reported prospects considered disappointing for the current quarter.
The publication caused the title of the American business software giant to fall by 9% in pre-market trading.
Investors are also keeping an eye on the evolution of US Treasury bond yields, which tend to stabilize on the eve of the publication of inflation figures.
The 10-year yield is currently unchanged at 4.28%.
Oil prices are rising, in line with a trend established for almost three weeks with the prospect of a leveling off in global production.
American light crude oil (West Texas Intermediate, WTI) rose 1.5% to $88.6 per barrel.
No major economic indicators are on today’s agenda.
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