Yesterday, markets traded cautiously amid the uncertainty over negotiations between the US and Iran, as well as lingering concerns around the AI profitability after Nvidia’s results failed to impress the investors. Equity markets moved lower, with losses led by the technology sector.
In fixed income, Treasury yields declined, as investors increasingly question whether the Fed will keep interest rates on hold at least through the first half of the year. In the euro area, yield curves remained broadly stable, with peripheral spreads unchanged.
Oil prices are holding above $71 per barrel, despite signs of progress in nuclear negotiations between the US and Iran. Today’s agenda includes the release of January inflation data in Germany, France and Spain, alongside US industrial producer price figures.
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