FX.co ★ CAC 40 Struggles For Direction Before US Inflation Test

French stock markets exhibited a lack of clear direction on Tuesday, given the cautious mood in anticipation of the upcoming U.S. inflation data, and its potential impact on the rate outlook.

The spotlight is poised on today's U.S. producer price inflation report as well other remarks by Fed Chair Jerome Powell, who's expected to engage in a moderate discussion with De Nederlandsche Bank President Klaas Knot.

Tomorrow, economists are awaiting the release of the consumer price inflation report, with forecasts indicating an increase of 0.4 percent for April, consistent with the surge noticed in March.

In terms of performance, the benchmark CAC 40 stood slightly lower at 8,208, after experiencing a 0.1 percent dip on the previous day.

Among corporate news, Veolia's shares saw a 2.4 percent boost. This comes after the waste and water management company matched Q1 core profit estimates and declared that they had secured a $320 million contract for water technology at a desalination plant in the United Arab Emirates.