European markets are hesitant ahead of Jerome Powell auditions. The Eurostoxx 50 opened at 4,969.83 points (-0.19%), the CAC 40 at 7,627.45 points (-0.63%), the DAX 30 at 18,472.05 points (-0.02%), the FTSE 100 at 8,193.49 points (-0.19%), the CAC 40 at 8,193.49 points (-0.19%), the SMI at 12,051.66 points (+0.38%), the AEX at 932.85 points (-0.02%), the FTSE 100 at 8,193.49 points (-0.19%), the SMI at 12,051.66 points (+0.38%), the AEX at 932.85 points (-0.02%), the FTSE 100 at 8,193.49 points (-0.19%), the SMI at 12,051.66 points (+0.38%), the AEX at 932.85 points 0.10%), the BEL 20 at 3,945.04 points (-0.37%), the IBEX 35 at 11,022.10 points (-0.01%), the DJIA at 39,344.79 points (-0.08%), the Nasdaq at 18,403.74 points (-0.37%), the IBEX 35 at 11,022.10 points (-0.01%), the DJIA at 39,344.79 points (-0.08%), the Nasdaq at 18,403.74 points (-0.37%), the Nasdaq at 18,403.74 points (+0.37%), the S&P 500 at 5,572.85 points (+0.10%), and the Nikkei 225 at 41,716,716 points 39 points (+2.29%)

As for exchange rates, the change from the close indicates that in New York, EUR/USD is 1.0833 (+0.06%), EUR/JPY at 174.35 (+0.06%), and USD/JPY at 174.35 (+0.13%), and USD/JPY at 160.94 (+0.07%).

While the left-wing parties, which came out on top under the New Popular Front banner, plan to propose a candidate for the post of Prime Minister this week, the deputies elected after the last parliamentary elections continue Tuesday to be welcomed to the National Assembly. Due to the delay of major contracts, the software publisher Dassault Systèmes reduced its revenue and net earnings per share forecasts for 2024 on Tuesday. The aeronautics and defense group Airbus announced on Monday evening that it had delivered 67 planes to 40 customers and received 73 gross orders in June 2024.

For its part, the glass packaging manufacturer Verallia lowered its adjusted gross operating surplus (Ebitda) target for 2024 on Monday evening, in order to take into account a recovery in activity that was “slower than expected”.

The National Institute of Statistics and Economic Studies (INSEE) will publish its economic note on Tuesday at 17:00, on the macroeconomic level.

As the market awaits Federal Reserve (Fed) Chairman Jerome Powell's hearings in front of the US Congress starting on Tuesday to get more clues as to when interest rate cuts could happen To put up, the futures contracts on European equity indices were trading in a contrasting manner on Tuesday morning. At around 7:30am, the CAC 40 futures contract lost 4.8 points, or 0.1%, according to data from broker IG. The one on the DAX 40 lost 24.7 points, or 0.1% as well, and the one on the FTSE 100 increased by 10.7 points, or 0.1%. If the consumer price index to be released on Thursday in the United States indicates that inflation continued to moderate in June, the Fed will have a clearer path towards interest rate cuts

The New York Stock Exchange closed on a mixed note on Monday after an indecisive session, but the S&P 500 and Nasdaq still managed to reach new records, continuing the performances posted last week. Asian stock markets are trading in scattered order on Tuesday. The Nikkei 225 index on the Tokyo Stock Exchange gained 2.3% at the end of trading. On the other hand, the Hang Seng in Hong Kong dropped 0.5% and the Shanghai Composite was close to equilibrium

As investors prepare for the release of the US Consumer Price Index on Thursday, US Treasury yields are not changing much this morning. At around 7:30am, the 10-year US Treasury bond rate rose by 0.6 basis points to 4.290%, while that of the two-year bond fell by 0.2 basis points to 4.639%

Like the greenback, the euro stabilized against the dollar on Tuesday morning and gained some ground against the yen. Forex traders will be focused on Tuesday on the hearing of Jerome Powell before the US Senate Banking Committee. According to Carol Kong, an economist and currency strategist at the Commonwealth Bank of Australia, during this hearing, Jerome Powell should reiterate that the US central bank needs to see more evidence of slowing inflation before reducing

As fears of supply disruptions linked to Tropical Storm Beryl subside, according to UOB, oil prices fell slightly on Tuesday morning. Beryl was downgraded to a tropical storm after its wind speeds declined, after making landfall in Texas as a Category 1 hurricane. At around 7:30am, the September contract for North Sea Brent lost 22 cents, to 85.53 dollars per barrel, while the August contract for light sweet crude (WTI) listed on Nymex lost 24 cents, to 82.09 dollars