European stock exchanges are expected to open close to balance on Tuesday, after rising sharply on Monday thanks to the relief granted by US President Donald Trump on the tariff front.

The pharmaceutical laboratory Sanofi announced on Tuesday that it had finalized the purchase of an antibody from the American biotech Dren Bio for a total amount of up to 1.9 billion dollars, or about 1.67 billion euros.

The mining group Eramet for its part confirmed the appointment of Paulo Castellari as CEO, following the confirmation by the general meeting of shareholders of the separation of the functions of CEO.

The industrial laundry group Elis is holding an investor day in London on Tuesday.

Tuesday after market close, Derichebourg will publish its results for the first half of its fiscal year, while Soitec will present its annual results.

On Monday evening, the outdoor communication group JCDecaux announced that Extime JCDecaux Airport, its joint venture with ADP, had reached an agreement to manage the advertising activities of Queen Alia International Airport in Amman, Jordan. This contract, the amount of which has not been disclosed, will come into force on August 1, 2025.

Around 7:40 a.m., the CAC 40 futures contract was stable, according to data from broker IG.

While the New York Stock Exchange will reopen after being closed on Monday for the Memorial Day holiday, European equity markets are expected to be hesitant at the opening on Tuesday. At around 7:40am, the DAX 40 futures contract in Frankfurt was unchanged, while the FTSE 100 in London gained 0.1%, according to data from broker IG. The London Stock Exchange will also reopen on Tuesday the day after a public holiday

The Dow Jones futures contract gained 0.9% on Wall Street on Tuesday morning, like the one on the S&P 500. The Nasdaq 100 contract was sold for 1%. Donald Trump, who threatened to increase customs surtaxes on European products from 10% to 50% on June 1, finally agreed on Sunday to continue trade discussions with the European Union and pushed back the implementation of new tariffs

Florian Ielpo, head of macroeconomics at Lombard Odier Investment Managers in Geneva, indicated that the EU will likely seek to reach an agreement on “basic” tariffs of 10% with the United States. According to him, such an agreement would not have much impact on the economies of the block. He expects European equities to continue to perform well as investors see Europe as a safe haven from American uncertainty.

In Asia, the Nikkei index on the Tokyo Stock Exchange gained 0.2% on Tuesday at the end of trading. The Shanghai Composite Index lost 0.3%, while the Hang Seng of the Hong Kong Stock Exchange dropped 0.2%.

Investors will be carefully considering upcoming auctions, where the level of demand could impact Treasury bonds and the dollar, while 30-year US Treasury bond yields recently hit their highest level since late 2023, according to Chris Weston of Pepperstone. The United States is due to award $69 billion in two-year bonds on Tuesday, then $70 billion in five-year bonds on Wednesday and $44 billion in seven-year bonds on Thursday

According to Chris Weston, “strong demand at this week's auctions could help ease and calm market anxiety levels” which would lead to lower yields and help the dollar recover. For him, low demand, however, especially from foreign entities, would reignite concerns about American debt, push up yields and push back the

The two-year stock rate lost 1 basis point to 3.99%. At around 7:40am, the 10-year US Treasury bond rate fell by 5 basis points, to 4.47%.

The greenback gained 0.3% against the Japanese currency, at 143.29 yen. The euro lost 0.1%, to 1.1377 dollars, around 7:40am

The contract with the same maturity on light sweet crude (WTI) listed on Nymex fell by 32 cents, or 0.5%, to $61.21 per barrel. The July contract for North Sea Brent traded in London sold 22 cents, or 0.3%, to 64.52 dollars per barrel, around 7:40am