The trade market is currently experiencing mixed trends on Wall Street, with the Nasdaq falling by about 0.8%, the S&P 500 shedding 0.1%, and the Dow Jones rising by 0.6%. Chip stocks are facing declines, with companies such as Nvidia, Super Micro Computer, Broadcom, and Intel all seeing decreases in their stock prices. On the other hand, luxury car manufacturer Ferrari is up by 2%, and IBM is trading at a gain of about 3% after receiving a ‘buy’ rating from Goldman Sachs.
In Europe, the trading day closed with a positive trend, with the French CAC rising by 1.1%, the Dax climbing by about 1%, and the British Pound adding to its value by 0.7%. In Asia, there have been price drops due to tariffs being imposed on electric car imports from China to Europe, leading to concerns about a potential trade war.
Looking ahead to the US debt market, yields in government bonds have risen slightly over the past week, with the 10-year government bond yield increasing by 5 basis points to 4.25%. The Japanese yen has weakened against the dollar and reached almost 160 yen per dollar, its highest level since 1990. Investors are hopeful for a fourth consecutive week of gains as the last trading week of the second quarter opens. The data regarding consumer spending and inflation rates will be closely watched, with expectations for an increase in core prices and an annual core index.
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In conclusion, investors must keep an eye on several factors that could impact global markets in different regions as they enter into new territory during this quarter’s final week of trading.
