Although many analysts predicted that this next journey would be a transition in the absence of relevant data to serve as a guide for investors, the market has now contradicted the experts’ predictions. After starting the trip with gains of less than half a percentage point and having recorded maximum quotas during the July trip of more than 16,800 points, the Ibex 35 touches 17,000 points.
The fortress of Wall Street overnight, despite the further drop in the price of Oracle shares and the general nervousness of the technology sector, does not prevent the Asian and European stock markets from rising to new heights. Last week, the Spanish selection accumulated a revaluation of 1.1% and achieved five consecutive days of gains.
Financial markets quickly found their balance this week, after the Federal Reserve reduced interest rates but offered a less aggressive outlook than expected, and the return of worries due to AI buzz ended under investor stress. The Dow and Russell 2000 indexes reached new highs, but the Nasdaq fell.
Tokyo’s Nikkei 225 rises 1%, while shares of Softbank Group, part of Japan’s selective index, gain 6% after Bloomberg News reported it was considering acquiring U.S. data center company Switch.
S&P 500 e-mini futures remain unchanged and Nasdaq futures are down 0.2%, amid market uncertainty behind and a 13% decline in Oracle shares, which sparked a wave of selling in the technology sector. The company’s huge spending and weak forecasts have generated doubts about how quickly major investments in AI will pay off.
“Oracle reported disappointing results, as well as increased investment in data centers, which has generated new concerns about AI spending, and UPSs are wondering whether the high level of investment will generate the required profitability,” Westpac analysts wrote in a note, Reuters reports.
Tech stocks received big support after Broadcom’s projections and have now reported first-quarter revenues beating Wall Street estimates. However, gains were pared after the company announced that its margins declined due to a greater AI revenue mix, sending its shares up 5% in the extended session.
Anoche, the dollar weakened further after unemployment claims data showed that the number of Americans who filed new claims for unemployment benefits saw the largest increase every four years and every year.
Data can be volatile this time of year, and the middle of four weeks of job demand suggests that labor market conditions will remain stable.
Markets will at least prevent type cuts for next year after Fed Chairman Jerome Powell said in a press conference following the monetary policy release that he “does not believe a type hike is the base case.”
The analysts MacroYield explains that “the focus is on some important macroeconomic data to be released next week in the United States, highlighted by November’s jobs and inflation data.” “Both benchmarks are key to the Fed’s expectations and assessing the relative importance of the risks associated with each. In these moments, inflationary risk appears greater than recessionary risk.”
On the bond market, the yield on the 10-year US Treasury Bonus stood at 4.151%, up 1.2 basis points compared to final levels in the United States.
Brent crude rose 0.5% to $61.59 as investors focused their attention on peace talks between Russia and Ukraine, after previously rising on news that the United States had failed to launch an oil tanker off the coast of Venezuela.
In July, the United States imposed new sanctions against Venezuela, imposing restrictions on three nephews of President Nicolas Maduro’s wife, as well as six oil and shipping companies linked to them.
Precious metals markets retreated after hitting new highs. Gold remains stable at $4,281.91, while the record retreats from all-time highs, down 0.6% to $63.17.
Cryptocurrency markets remain under pressure, with bitcoin falling 0.4% to $92,571.96 and ethereum falling 0.6% to $3,231.69.
Bags – Currency – Deuda – Types of interest – Raw materials
About The Author
