The New York Stock Exchange is in turn feeling the effects of Monday's European election results, but with far less pronounced consequences than on the Old Continent.

At around 11:15 a.m., the Dow Jones was down 0.2% at 38,707.1 points, but the Nasdaq Composite still managed to advance 0.1% to 38,707.1 points.

As in Europe, the trend is affected by the risks generated by the rise of nationalist parties and the uncertainties surrounding the outcome of the forthcoming legislative elections in France.

The calling of early elections in the country has increased political risk and opened up a period of uncertainty until the evening of the second round of voting on July 7.

Faced with these political risks, American investors remain generally unmoved.

'Although at European level, the shift to the right in Parliament is confirmed, there is political stability which should have no impact on the financial markets', reassures Banque Richelieu.

Given that the Nasdaq has already climbed 14% since the start of the year, the return of political risk in Europe could have been a good reason to temporarily steer clear of the equity markets, as was the case during the Greek crisis, among others.

For the time being, financial stocks were the worst hit on Wall Street on Monday, with a decline of almost 1%.

Faced with concerns about renewed political tension in Europe, investors may be hoping for some reassurance this week from the Federal Reserve's announcements.

However, the yield on 10-year Treasuries is down four basis points at 4.47% 48 hours ahead of the Fed's final statement, which is not expected to result in any major announcements.

Oil prices are also trending upwards, with analysts at Goldman Sachs forecasting Brent crude at $86 a barrel this summer.

Brent is currently up 1.3% at over $80.6, while US light crude is up 1.5% at $76.7.

On the stock front, Apple is down 0.6% just minutes before a keynote speech expected to formalize its major ambitions in the field of AI.

Nvidia is on the rise (+1.3%) following its stock split, a move usually followed by an outperformance of the split stock, as Goldman Sachs strategists point out.

Microsoft (+0.8%) is one of the Dow Jones' strongest performers, with analysts at New Street Research initiating a buy on the stock's many high-quality "franchises".

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