The global actions They quoted with disparity this Tuesday in the middle of the growing evidence of a cooling in the US economy before the results of Nvidia (NVDA). Investors reacted with restlessness at the beginning for an order by the president of the USA, Donald Trumpto limit Chinese investments in strategic areas such as chips, artificial and aerospace intelligence.
After promoting the actions on both sides of the Atlantic to historical maximums this month, investors begin to feel uncomfortable, and the results of NVIDIA on Wednesday, which has come to characterize the rise of investment in artificial intelligence, they could be fundamental to establish the mood for the rest of the quarter.
In Europe, Stoxx 600 (Stoxx) rose 0.1%, while the euro ended at US $1,0513, after having exceeded this level for the first time in a month on Monday, after the victory of the conservatives of Friedrich Merz in the national elections of Germany.
The euro climbed more than 1% this year, but remains one of the main coins with the worst performance against the dollar, given its high exposure to tariff risk. Trump planned tariffs on US imports could increase internal inflation, while their mass layoffs of government employees could impact the labor market, just when the Federal Reserve needs space to cut interest rates.
It also increased the tension between the US and Europe on Ukraine and how to negotiate a high fire agreement with Russia.
The feeling in the markets is fragile, but there has not been much volatility, said Chris Beauchamp, Ig chief strategist. “This contrasts strongly with recent years, where crises seemed to arrive one at a time and then, you simply managed when they happened, and now it seems to be ‘everything, everywhere, at the same time,” he said. “I think there are reasons to be optimistic. If you look at the profit season, it has really gone well. But, of course, the headlines and fracture signs between Europe and the US. UU. They do not directly affect the actions, but make the feeling even more feverish.”
Not so exceptional
Meanwhile, negative surprises in the US economic data. They have accelerated this month, headed by unwanted increases in consumer inflation expectations and, more recently, for a fall in business activity in general.
Within that framework, Wall Street presented disparate results in its indices; While Dow Jones rose 0.4%, the S&P 500 fell 0.5%and Nasdaq depreciated 1.4%.
A Bloomberg report during the night indicated that Washington seeks to harden the export restrictions of semiconductor technology to China, with the help of allies, which caused the actions of the Alibaba technological giant (9988.hk) to fall 3%.
“The optimism about China’s technological sector cools as the markets realize that the more positive the panorama for the sector, the greater the risk of the objective of the US. UU.”, Said Kyle Rodda, senior analyst of Capital.com.
Trump also indicated during the night that the proposed tariffs on Mexico and Canada would still take effect next week, which slightly pushed the US dollar against his Canadian counterpart.
The 10 -year treasure bond yields fell 7 base points, to 4,327%, near their lowest level in two months.
In raw materials, Brent crude futures fell 2.4% au $ S72.56 per barrel, dismissing new US sanctions imposed on Iran, while gold fell 1.2% au $ 2.916 per ounce, after having reached a historical maximum of $ 2,956.15 on Monday.
Bitcoin suffers some profits, and falls more than 3% to less than US $ 89,000, while traders continued to process the Hackeo of US $ 1.5 billion in Ether of the crypto bybit platform last week.
Source: Ambito
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