The Paris Bourse is up by almost 0.6%, around 8,090 points: the CAC40 is in line with the S&P500, which has made a good start to the session, with the VIX continuing to ease back to 16.3 (compared with 18.6 on Monday when trading resumed).
The Euro-Stoxx50 is even more dynamic, with +1%... following in the wake of the Nasdaq with +0.8%.

Another positive factor was a stronger-than-expected rise in the HCOB flash composite PMI index of overall activity in the Eurozone, which rose from 50.3 in March to 51.4 in April, signalling a second consecutive monthly increase in private sector activity levels, following nine months of economic contraction in the region.

In France, the HCOB composite PMI index for overall activity rose by +1.6 to 49.9, its highest level since May 2023.
According to Oddo BHF, this rebound in PMIs confirms the beginnings of a recovery after several quarters of stagnation.

Investors are also keeping a close eye on 10-year US government bond yields, which are down -2.3pts at 4.600%, while German Bunds of the same maturity are stagnating at 2.49% and our OATs at 2.99%.
The euro gained 0.3% against the greenback, to $1.0681/E, as the easing of tensions between Israel and Iran did not deter investors from safe-haven assets such as the dollar.

Brent crude oil reversed course, falling from +0.8% at $87.8 to -0.6% at $86.6, while gold shed a further 1% to $2,315 an ounce.

In French company news, Renault Group reports sales up 1.8% (+5.9% at constant exchange rates) to 11.7 billion euros for the first quarter of 2024, including automotive sales down 0.7% (+3.6% at constant exchange rates) to just over 10.4 billion.

Sanofi announces that its phase III LUNA 3 study of rilzabrutinib for the treatment of immune thrombocytopenia (ITP) has met its primary endpoint, enabling patients to achieve a durable platelet response.

Finally, Legrand announces two acquisitions (Enovation in the Netherlands and Netrack in India), in the buoyant fields of assisted living and healthcare, as well as in data centers, 'reinforcing the Group's leadership positions in its fastest-growing segments'.

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