The Paris Bourse is likely to remain indecisive on Wednesday morning, not far from its all-time highs, as expectations of Nvidia's results and the Fed's 'minutes' maintain a certain febrile mood.

At around 8:15 a.m., the June-delivered future contract on the CAC 40 index climbed eight points to 8132.5, suggesting a slight opening after the previous day's decline.

After its spectacular recovery at the beginning of May, the Paris market has tended to stall over the past week, with the absence of major economic indicators and corporate results prompting investors to adopt a wait-and-see attitude.

With the positive effect of reassuring US inflation figures and the prospect of further Fed rate cuts having faded significantly, traders have opted for some profit-taking.

At its current level, however, the CAC 40 is only 1.2% off its all-time closing high reached last week, at close to 8240 points.

In a market without any real conviction, where traders are waiting for a sign indicating the direction to take, Nvidia's results - due later this evening - will be the big event of the week.

'If Nvidia beats expectations, which is likely since this has been the case eight times out of the last nine quarterly results, this could give the market a little bullish impetus', predicts Christopher Dembik, investment strategy advisor at Pictet AM.

Investors are also eagerly awaiting the minutes of the Federal Reserve's latest monetary policy meeting, which will also be published this evening.

These 'minutes' could provide valuable clues as to the timing of future interest rate cuts in the USA.

Recent comments from FOMC members show no rush to put rate cuts back on the table", say Oddo BHF's economists.

The Fed can probably wait until the end of the summer to see more clearly," add the private bank's analysts.

According to the CME Group's FedWatch barometer, the probability of a rate hike in the autumn is now estimated at 50.8%, compared with 45.6% a month ago.

Investors' indecision is also reflected in the stability of the yield on ten-year Treasury bonds, which is hovering around 4.41%, while its German equivalent is stagnating at 2.50%.

On the currency front, trading is also lacklustre, with the euro edging up to around 1.0857 against the dollar, compared with 1.0855 last night.

The oil market continues to show weakness as it awaits the release of weekly US crude inventories in the afternoon.

Brent crude is currently down 0.8% below $82.3, while West Texas Intermediate (WTI) is down 0.7% at $79.3.

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