Fed neutralizes Nvidia

The aggressive tone of the Fed’s minutes acts as a counterweight to the optimism expressed by Nvidia’s results. Weight loss from the tech sector is also cooling bullish sentiment in Europe, with Ibex threatening to remain stuck at 11,300 for a fifth day.

The countdown to two of the week’s most anticipated events, Fed minutes and Nvidia results, has seen stock market indices such as Ibex stagnate in recent days. As soon as the two most expected links become known, markets turn in different directions.

Wall Street points up after passing a re-test with flying colors from the biggest member of the artificial intelligence boom. Better-than-expected earnings report with earnings up 628% sent shares higher Nvidia in the after-hours markets, and this bullish momentum ahead of today’s session is visible primarily on the Nasdaq.

In Japan Nikkei, full of technology, reacted this morning with a final increase of 1.26%. On the contrary, in the neighboring ChinaThe fall has at times exceeded the 1% barrier as investors are spooked by a trade offensive in the form of White House tariffs on China and a US election on the horizon.

IN EuropeGiven the tech sector’s much lower weight than Wall Street, investors aren’t ignoring the aggressive messaging reflected yesterday Fed minutes.Some of its members even proposed additional rate increases. Expectations for a possible Fed rate cut in July are cooling, and the market is reluctant to take for granted the start of a new monetary cycle in September.

The scenario of higher interest rates for a longer period of time in the US is gaining momentum again, and some of the market’s attention is shifting to debt interest. The required 10-year US bond yield is consolidating above the 4.40% threshold. In Europe, two weeks before the ECB meeting, the required interest rate on German bonds is repeated at above 2.50%, compared with 3.30%, which is close to 3.30% for ten-year Spanish bonds.

Capricorn 35

Spanish stock market, stuck for the previous four days, it cannot be unblocked after mentions came to light late yesterday on Wall Street. The Ibex index faces stagnation for another day at 11,300 points, on the verge of highs since 2015.

Companies most sensitive to funding costs are among the laggards on Ibex following the Fed protocol, such as real estate companies. Marlin and utilities such as Endesa, Redeya and Enagas They try to avoid red numbers in their quotes.

Banks, on the other hand, are among those benefiting from the high interest rate scenario for a longer period of time. BBVA trying to gain a foothold above the level of 10 euros per share. Bankinter attacks the eight euro threshold, and Unicaja speeds up your progress.

This day sometimes sees an increase of more than 10% in companies with a continuous market such as Collected techniques. The engineering group is expanding its stock market growth as a reward for goals set in its new strategic plan, which include returning a dividend in 2026 and doubling its performance in 2028.

European stock market

European shares failed to replicate Wall Street’s bullish momentum led by Nvidia. The technology sector has a much lower weight in European indices, and yesterday’s session included two indicators that could complicate the imminent start of rate cuts. The UK consumer price index was higher than expected, and the Fed minutes postponed debate on rate cuts. The pan-European Stoxx 600 index repeats another day just above 520 points.

European tech companies, and semiconductor manufacturers in particular, are riding the bullish wave that Nvidia is once again generating. Values ​​like ASML, Infineon and STMicroelectronics they quote with a raise. Without the need for significant growth, bullish momentum is weighing heavily in European stocks such as Nordisk reach new historical records in the stock market. An Italian construction company experienced one of the largest corrections of the day. We are building. Its shares have fallen almost 10% at times in response to the issuance of convertible notes.

Oil, Euro, Gold and Bitcoin

Companies with the largest market presence Oil accumulate a week of boring references to crude oil prices. The price of a barrel of Brent opens the door to a fourth straight session of decline. The Fed’s resistance to the start of rate cuts could affect demand for crude oil, with a barrel of Brent falling to $81. In the US, a West Texas barrel costs $77.

Oil also does not benefit from bullish threats dollar. There are two weeks left before the ECB meeting. Euro The airbag fell above the $1.08 level. lb.for its part, consolidates the gains achieved yesterday with the help of the British consumer price index and after it became known about the progress in the elections in the United Kingdom.

One of the biggest victims of the aggressive tone of the Fed minutes was gold. The precious metal is moving away from historical records and falling to $2,360 per ounce. The cryptocurrency market offers more resistance today as bitcoin on the verge of $70,000 and aiming for Ethereum.