The Paris Bourse is likely to open on a cautious note on Tuesday morning, in a wait-and-see market on the eve of Nvidia's results and the publication of the Fed's latest 'minutes'.

At around 8:15 a.m., the 'future' contract on the CAC 40 index - June delivery - fell by 16.5 points to 8141 points, heralding a start to the session in negative territory.

The Paris market had ended the Whitsun Monday session with a modest gain of 0.3% to 8195 points, in particularly low trading volumes.

The market is likely to continue its pause on Tuesday, in the absence of economic indicators and key results on the agenda.

The session promises to be all the calmer for the fact that the CAC 40 is less than 0.7% away from its all-time record and its major resistance threshold of 8250 points, which seems to be a real sticking point for the time being.

If there are no catalysts in sight today, the second half of the week should be much busier, with Nvidia's eagerly awaited results due tomorrow evening.

Analysts are expecting the processor manufacturer to report better-than-expected performance for the quarter just ended, and to unveil a better-than-expected outlook.

Investors may also be tempted to stay away from risky assets on the eve of the publication of the minutes of the Federal Reserve's latest meeting.

Depending on the tone adopted by the central bank governors and the nature of their discussions, the trend could be more volatile in the second half of the week.

In our opinion, the minutes will have a more restrictive tone, in contrast to that of Jerome Powell's press conference, given that other members of the committee are more worried than he is about the effects of their policy", warn BofA analysts.

On the bond front, the yield on 10-year Treasuries is stabilizing at around 4.4370%, following last week's decline to one-month lows.

There's little movement on the currency front either, with the euro holding steady against the dollar at 1.0865.

On the energy front, oil prices continue to move in a narrow range, but at levels rather close to the bottom of their current range.

After the sell-off at the end of April, due to the realization that the Middle East conflict would probably have little or no impact on supply, and to weak demand, US light crude (WTI) is now down 0.7% at $79.2.

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