Les Bourses européennes devraient poursuivre leur hausse before the PMI indices in the eurozone. The EuroStoxx 50 opens at 4,936.85 points (+0.38%), the CAC 40 at 8,040.36 points (+0.22%), the DAX 40 at 17,860.80 points (+0.22%), the DAX 40 at 17,860.80 points (+0.70%), the FTSE 100 at 8,023.87 points (+1.62%), the SMI at 11.62% 327.77 points (+0.28%), the AEX at 866.51 points (+0.76%), the BEL 20 at 3,863.26 points (+0.93%), the IBEX 35 at 10,890.20 points (+1.50%), the DJIA at 38,239.98 points (+0.67%), the Nasdaq & Agrave; 15,451.31 points (+1.11%), the S&P 500 at 5,010.60 points (+0.87%) and the Nikkei 225 at 37,589.94 points (+0.40%

).

As for exchange rates, the change from the close indicates that in New York, EUR/USD is 1.0656 (+0.01%), EUR/JPY at 164.88 (-0.05%), and USD/JPY at 154.74 (-0.07%).

Kering, Renault, OPMobility, Covivio and ID Logistics publish their sales for the first quarter, while Bic and M6 present their results for the same period. L'Oréal, Axa and M6 also convene their shareholders

at a general meeting.

This Tuesday, investors will follow the “flash” PMI indices of manufacturing and services activity for April in France.

Before the publication of the “flash” April PMI indices in the eurozone and new results from companies on both sides of the Atlantic, including those of the electric car manufacturer Tesla, European equity markets are expected to open higher on Tuesday. At 7:25am, the CAC 40 futures contract gained 34 points, or 0.4%, according to data from broker IG. The one on the DAX 40 took 104 points, or 0.6%, and the contract on the FTSE 100 advanced by 43 points,

or 0.5%.

Investors will be watching the evolution of private sector activity in the eurozone as tensions between Israel and Iran seem to ease. According to economists, the composite PMI should stand at 50.7 in April, after 50.3 in March, marking a second consecutive month of

growth in activity.

Between the service sector and the manufacturing sector, the situation remains mixed. While the PMI services index is expected at 51.8 in April, after 51.5 in March, the manufacturing activity index is expected at 46.5, after 46.1 in March. Lower than 50, the PMI indices reflect a contraction in activity.
Wall Street ended higher on Monday, led by a rebound in tech stocks ahead of numerous earnings releases in the sector this week. The Dow Jones Index (DJIA) rose 0.7%, the expanded S&P 500 index again passed the 5,000 point mark by gaining 0.9%, to 5,010.60 points. The Nasdaq Composite, rich in technological stocks, gained 1.1%

.

Dow Jones Market Data reported that the Magnificent Seven - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla lost $950 billion in cumulative market capitalization last week, an unprecedented fall for this group of tech giants.

Asian markets presented a mixed picture on Tuesday. The Nikkei index rose 0.4% at the end of trading in Tokyo and the Hang Seng rose 1.5% in Hong Kong. In contrast, the Shanghai Composite Index fell by 0.6%.

Ahead of the release of important economic data in the United States this week, US Treasury bond yields are up slightly this morning. Returns are close to their highs of the year as markets prepare for a busy week of corporate releases, with around 30% of S&P 500 companies expected to report quarterly results. Operators will be able to assess the health of the American economy in the first quarter on Thursday. They will be watching the Federal Reserve's (Fed) preferred inflation measure on Friday.

This morning, the euro is trading very little against the dollar. Brown Brothers Harriman said in a note that the cyclical upward trend in the greenback will continue as long as U.S. economic activity remains strong. According to him, the data on the gross domestic product (GDP) of the United States in the first quarter, expected on Thursday, and on PCE inflation in March, scheduled for Friday, “should support American economic exceptionalism

”.

After the drop in a barrel of Brent on Monday to its lowest level since the end of March, oil prices are picking up again this morning. According to Tradition Energy, oil prices should generally “remain high until a general easing of tensions [in the Middle East] is proven” or until OPEC+, a group bringing together the Organization of Petroleum Exporting Countries (OPEC) and ten allies, “decides to make more barrels available”. At 7:15am, the June contract on North Sea Brent gained 46 cents, at 87.45 dollars per barrel, and the contract of the same maturity on light sweet crude (WTI) listed on Nymex took 44 cents, at

82.35 dollars per barrel.