European stock exchanges are expected to open higher on Tuesday, thanks to the extension of the trade truce between Washington and Beijing, while investors await new statistics on inflation in the United States.

After significantly reducing its cash consumption in the first half of the year, the biotech company Valneva confirmed its forecasts for 2025 on Tuesday. In a statement, Valneva said that this decrease “is explained by a strong increase in sales and careful management of expenses

Around 7:30 a.m., the CAC 40 futures contract sold 0.4%, according to data from broker IG.

In addition, investors remain attentive to the Ukrainian issue before the meeting scheduled for Friday between the American President, Donald Trump, and his Russian counterpart, Vladimir Putin.

Around 7:30am, the DAX 40 futures contract in Frankfurt gained 0.3%, while the FTSE 100 in London was up 0.2%, according to data from broker IG.

Fearing that Donald Trump could reach an agreement with Vladimir Putin that is harmful to Ukraine and endangers the security of the continent, European leaders are preparing an interview with him before the United States-Russia meeting scheduled for Friday, European officials said.
For them, the goals are to reaffirm what Europe sees as red lines that could prevent Europe and Ukraine from agreeing to a ceasefire agreement, and to push Donald Trump to increase pressure on the Russian president if he does not negotiate in good faith

At the end of the session, the New York Stock Exchange went back into the red on Monday, despite the extension of the trade truce between the United States and China, which was supposed to end on Tuesday.

At the end of an indecisive session, the Dow Jones index closed down 0.5%, at 43,975.09 points. The S&P 500 fell 0.3% to 6,373.45 points, as did the Nasdaq Composite to 21,385.40 points

American President Donald Trump announced on Monday an extension of the trade truce with Beijing for 90 days, until November 9, until November 9, to allow time to negotiate an agreement. US customs surtaxes on products imported from China are thus maintained at 30%, instead of being increased as would have been the case in the absence of a trade agreement on Tuesday. China is applying 10% tariffs on American products.
Gold ended the session down 2.5% after Donald Trump announced that the United States would not apply tariffs on imports of gold bars.
Overall, investors have limited risk taking while waiting for new inflation figures. The consumer price index (CPI) in the United States for the month of July will be published on Tuesday at 14:30 (Paris time). This data will be carefully analyzed by investors to refine their forecasts concerning the evolution of Federal Reserve (Fed) rates.
Economists expect inflation to reach 2.8% year on year in July, after 2.7% in June. Excluding food and energy, they also expect a slightly steeper rise in prices, of 3% against 2.9% in June.
For the time being, the market largely expects the American Central Bank to cut its rates by 25 basis points in September, according to the CME Group's FedWatch tool.
In Asia, the Nikkei index on the Tokyo Stock Exchange jumped by 2.4% on Tuesday at the end of trading. The Shanghai Composite Index gained 0.5%, while the Hang Seng on the Hong Kong Stock Exchange rose 0.1%.

The two-year stock rate dropped about 1 basis point to 3.77%. At around 7:30am, the 10-year US Treasury bond rate lost less than 1 basis point, to 4.28%.

The greenback gained 0.1% against the Japanese currency, at 148.27 yen. At around 7:30am, the euro was stable at 1.1622 dollars.

Due to possible adjustments in positions before the Friday meeting between Donald Trump and Vladimir Putin, oil prices rose slightly this morning.

According to analysts at ANZ Research, Donald Trump moderated expectations about the meeting, warning that it was meant to “probe” the possibility of a peace deal. For them, “a peace agreement between Russia and Ukraine removed the risk of disrupting the supply of Russian oil that hovers on the market.”

Around 7:30am, the October North Sea Brent contract listed in London gained 31 cents, or 0.5%, to $66.94 per barrel. The September contract for light sweet crude (WTI) listed on Nymex rose by 28 cents, or 0.4%, to 64.24