European stock markets are expected to start rising before American investors return. The Eurostoxx 50 opens at 3,469.83 points (+0.91%), the CAC 40 at 5,920.09 points (+0.64%), the DAX 40 at 13,265.60 points (+1.06%), the FTSE 100 at 7,121.81 points (+1.50%), the SMI at 10,485.91 points (+0.33%), the AEX at 641.43 points (+0.89%), the BEL 20 at 3,722.42 points (+0.22%), the S&P 500 at 3,674.84 points (+0.22%) and the Nikkei 225 at 26,413.87 points (+2.49%).

On the foreign exchange market, the change in prices compared to the close in New York shows EUR/USD at 1.0521 (+0.10%), EUR/JPY at 142.18 (+0.12%), and USD/JPY at 135.14 (+0.04%).

Investors will scrutinize the Bank of France's economic projections for the period 2022 to 2024 on Tuesday. On the business side, the car manufacturer Renault and the Chinese equipment manufacturer Minth Group announced the signing of a memorandum of understanding to create a joint venture to produce battery boxes for electric vehicles in France. Financial details of this transaction were not disclosed.

European equity markets are expected to continue to rise on Tuesday, after gaining ground on Monday in the absence of American investors. At 7:30am, the CAC 40 futures contract gained 38 points, or 0.7%. According to data from the IG Markets broker, the DAX 40 contract gained 80 points, or 0.6%, and the FTSE 100 contract increased by 32 points, or 0.5%. While Wall Street remained closed for a holiday in the United States, futures on the main American indices were trading green on Tuesday morning.

Investors are waiting for Federal Reserve (Fed) Chairman Jerome Powell to hold congressional hearings on Wednesday and Thursday to get guidance on the extent of interest rate hikes to expect in July. In Asia, the main stock market indices gained ground on Tuesday. At the end of the session, the Nikkei index increased 2.5% in Tokyo, the Hang Seng was up 1.4% on the Hong Kong Stock Exchange and the Shanghai Composite was up 0.1%.

The valuation of the German Bund seems attractive in the short term, but their trajectory is set to rise in the coming months and the 10-year stock's return is expected to exceed 2% in September, believe Eric Oynoyan and Lorenzo Testa, rate strategists at Morgan Stanley. The ten-year Bund yield ended at 1.749% on Monday.

Penalized by a renewed appetite for risk, the dollar fell against other major currencies, including the euro, on Tuesday. Sophia Ng, currency analyst at MUFG Bank, however, believes that this situation is unlikely to last because investors are worried about global growth and the restrictions imposed in Shenzhen, China, to curb the spread of Covid-19.

Oil prices rose on Tuesday, due to global supply tensions. Around 7:20 a.m., the August North Sea Brent contract earned $1.12, at $115.25 per barrel. The contract with the same maturity for sweet light crude (WTI) listed on Nymex fetched $2.24 at $110.23 per barrel.