Wall Street is expected to rise, as are the European stock markets, which are advancing at mid-session, benefiting from a slight easing in bond yields in anticipation of several US macroeconomic indicators.

Futures on New York indices point to a green opening for Wall Street, with the Dow Jones up 0.32%, the Standard & Poor's-500 up 0.41% and the Nasdaq up 0.54%. In Paris, the CAC 40 gained 1.09% to 7,489.65 points around 11:35 GMT. In Frankfurt, the Dax advanced by 0.75% and in London, the FTSE 100 rose by 0.08%.

The EuroStoxx 50 index is up 1.02%, the FTSEurofirst 300 is up 0.56% and the Stoxx 600 is up 0.54%.

The markets are catching their breath somewhat after a series of difficult sessions, as the surge in bond yields looks set to ease on both sides of the Atlantic.

The frenzied sell-off in US bonds that began at the start of the month has been put on hold for the past 24 hours, allowing equity markets to regain some of their composure.

Investors are also eagerly awaiting today's and tomorrow's publication of the Producer Price Index (PPI) and Consumer Price Index (CPI) in the United States, the Federal Reserve's key indicators which could provide further clues as to the monetary policy the central bank will adopt in 2025.

Economists are expecting producer prices to rise by 3.4% and consumer prices by 2.9% year-on-year for December. Any result that deviates from this consensus could again destabilize the markets.

The stabilization of oil prices, which had panicked following the imposition of new sanctions on Russian natural resources, should also give the markets some respite this Tuesday before the publication of indicators and the launch of the corporate earnings season with the major US banks.

In Europe, the British Footsie is struggling to catch up with the rise in the other indices, weighed down in particular by the fall in BP and JD Sports. STOCKS TO WATCH ON WALL STREET

U.S.-listed Chinese companies climbed before the bell following Beijing's promises of increased support for their market. Among the biggest moves were UP FINTECH (+6.6%), BILIBILI (+4.2%), XPENG (+8.9%), JD.COM (+4.8%) and LI AUTO (+4.2%).

VALUES IN EUROPE

Amundi gains 4.51% as, according to the daily Il Messaggero, Credit Agricole (+2.91%) is expected to decide by May whether it wants Unicredit (+1.35%) to extend its partnership agreement with Amundi. BP lost 2.74% after announcing that lower refining margins would reduce its fourth-quarter profit by $100 to $300 million (€97.47 to €292.40 million).

JD Sports Fashion plunged 8.49% after issuing a profit warning in a market described by the sporting goods retailer as "difficult".

RATES

Bond yields stabilize somewhat after their recent surge as we await US macroeconomic indicators.

The yield on ten-year Treasuries is down 1.9 bp at 4.7862%, while the two-year is down 1.2 bp at 4.3900%.

The ten-year German Bund yield gained 1.2 bp to 2.6040%, while the two-year yield gave up 0.1 bp to 2.2920%. The British 30-year Gilt, which had reached its highest level in 27 years on Monday, gave up 0.8 bp to 5.4320%.

CURRENCIES The dollar continues to flirt with highs on Tuesday as investors abandon hopes that the cycle of rate cuts begun in 2024 by the Federal Reserve will continue into 2025.

The greenback nonetheless gave up 0.34% against a basket of benchmark currencies as it awaited indications on the health of the US economy.

The euro gained 0.12% to $1.0256, while sterling lost 0.15% against the dollar and 0.22% against the euro on concerns about the British government's finances.

OIL

The recent surge in oil prices appears to be easing on Tuesday, although investors are still focusing their attention on the impact of new US sanctions on Russian oil for two of its main customers, China and India.

Brent crude gave up 0.53% to $80.58 a barrel and West Texas Intermediate (WTI) 0.55% to $78.39.

(Some data may be slightly delayed)

(Written by Pauline Foret, edited by Augustin Turpin)

by Pauline Foret