The Dow Jones index gave up 0.27%, the Nasdaq, with a strong technological color, fell by 0.38% and the S&P 500 by 0.17% around 14:15 GMT.

The London square was closed on Monday due to celebrations related to the coronation of Charles III while that of Paris was idling due to a public holiday.

After a volatile week, one of the worst since March for the S&P 500 and the Dow Jones while the regional banks suffered, they regained strength on Monday.

PacWest gained almost 25% to $ 7.17, after deciding to sharply reduce the distribution of a dividend to only one cent which reassured investors. Other establishments followed the movement such as Western Alliance (+6.96%) or Zions Bancorporation (+6.44%).

The major banks were stable like JPMorgan and Goldman Sachs (+0.15% around 14:00 GMT) or Citigroup (+0.71%) and Bank of America (+0.65%).

Investors will be watching Monday in the second part of the session for the publication of the latest quarterly survey of the Federal Reserve (Fed) on credit conditions, conducted among banks (SLOOS survey).

This "important" survey of lenders of 80 major US banks and several foreign banks in the United States should enlighten market participants "on banks' lending activity and how it will weigh on growth," noted Patrick O'Hare of Briefing.com.

On the macroeconomic front, the consumer price index (CPI) is expected on Wednesday and may have accelerated in April to +0.4% against +0.1% in March, notably because of a rebound in energy prices.

Without counting these or those of food, so-called core inflation should still remain at +0.3% against +0.4% the month before, according to analysts' forecasts. On Thursday and Friday, the government will also publish producer and import prices.

Finally, the standoff over the debt ceiling between the Democratic administration and Republicans in Congress will gain momentum this week.

Over the weekend, Treasury Secretary Janet Yellen again insisted that the United States could not default as early as June.

A US default on its debt would lead to "financial and economic chaos", Yellen warned on Sunday, while the Republican opposition still refuses to raise the debt ceiling unconditionally.

For the US Secretary of the Treasury, it would be "an economic and financial disaster".

"President Biden invited congressional leaders to a meeting on the subject on Tuesday, in an effort to find common ground," said Art Hogan of B. Riley Wealth Management.

Joe Biden's government has warned that without an agreement, the United States could no longer be able to meet its commitments in early June, which would put it in default, a first in the country's history.

Among the quarterly results, Disney (+2.62%) will announce its own on Wednesday and analysts expect a significant increase in the number of its subscribers to the streaming service Disney+.

The American manufacturer of medical equipment Baxter International (+1.35%) was welcomed after the announcement of the sale of its biopharma subsidiary for $ 4.25 billion to investors Advent International and Warburg Pincus.

The title of the cosmetics group Estée Lauder, strongly shaken last week after a drop in its annual forecasts, gained 1.46% around 14:15 GMT.

Press reports mention the plan of billionaire and activist shareholder Nelson Peltz to ask for changes in the group's management.

In the bond market, yields on 10-year bills tended slightly to 3.49% from 3.43% on Friday.

© 2023 AFP