- The session on the Old Continent today proceeded in a weak mood. The DAX lost almost 0.8%, the CAC40 recorded 0.6% declines, and the British FTSE retreated 0.4%.
- In the FX market, the Canadian dollar and the US dollar performed best. Large sell-offs on the other hand are seen in the euro and the Swiss franc.
- Airbus shares slid nearly 12%; the company lowered its full-year profit and aircraft delivery estimates; it also highlighted rising costs in the space segment.
- Novo Nordisk shares rose nearly 4% after the overweight drugmaker received approval to sell in China
- Sentiment on the U.S. stock market is moderately positive today, with gains led by Nvidia, whose shares gained nearly 5% after the company erased nearly $430 billion in capitalization, over the past few sessions
- Despite almost 1% Nasdaq100 gain, Dow Jones Industrial Average loses almost 0.8% because of the weakness across the Home Depot (HD.US) and WalMart (WMT.US) shares which are dropping 4% and 2% respectively
- Consumer sentiment according to the Conference Board came in marginally higher than expected, but weaker than the May data (100.4 vs. 100 forecast and 104 previously). At the same time, inflation expectations rose to 5.4% from 5.3% in May. The Richmond Fed regional index performed poorly and indicated -10 vs. -2 forecasts and 0 previously
- Shares of cruise ship operator Carnival (CCL.US) gain nearly 9% on a wave of record cruise bookings and high travel demand
- The Fed's Lisa Cook indicated that monetary policy in the U.S. is currently restrictive and remains optimistic about bringing inflation to the 2% target over the long term, although the next few months may prove 'bumpy'
- According to Cook, the U.S. labour market is healthy, and the Fed has plenty of tools to respond in a scenario of worsening job market conditions
- Canada's CPI inflation for May was 2.9% vs. 2.6% forecast and 2.7% previously. On a month-on-month basis, CPI inflation for May rose 0.6%, compared to an expected 0.3% increase versus 0.5% previously. Current: 2.9% y/y. Expected: 2.6% y/y. As a result, the USDCAD pair exchange rate fell today, while the Canadian dollar strengthened.
- In the commodities market, investors' attention was drawn today by the decline in the price of cocoa-based contracts. Contracts traded as much as 11% off today, which, however, were largely erased in the second part of the session.
- Brent and WTI crude oil loses within 1%, and natural gas (NATGAS) contracts record a nearly 1.7% drop to $2.88 / MMBtu
- Chicago wheat contracts are trading down nearly 2%, deepening a $561 per bushel sell-off in the face of historically high stocks and a quality crop, as well as favourable weather in the US
- The sentiment of the cryptocurrency market improved slightly after the price of Bitcoin rose to $61,500 despite news of a possible sale of BTC reserves by a wallet linked to the German federal authorities. The wallet holds a total of more than 40,000 BTC worth nearly $2.9 billion.
- Ethereum is trading up to $3,400, and the improved sentiment of the altcoin market can be seen in the nearly 10% rally of the BitcoinCash
Daily summary: AI optimism, Nvidia stock surge & second round of US - Iran talks drive optimism on Wall Street
📌Oil slips below $100
⚡ Will US drought fuel speculative grain volatility on CBOT?
🔴Three markets to watch next week: all eyes on the Fed (24.04.2026)
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