- Major stock indexes from Europe ended the session higher. The DAX gained 0.49%, the FTSE100 added 0.8% and the CAC40 closed at +0.72%.
- DE30 quotations once again reacted to the heights of support at 15900 points, which remains key in the medium term.
- Moody's decided to downgrade the ratings of 10 regional lenders in the U.S. and placed six major banks on the list 'at risk' of downgrade in the future
- Wall Street stock market are posting losses today. The major indexes from overseas moved down as soon as the session began, improving on yesterday's lows. Nevertheless, in recent hours we have seen an attempt to make up for losses. The Nasdaq limited losses to 0.7%, while the S&P500 is down 0.3% and the Dow Jones is losing just 0.15%.
- The bulls managed to make up for some of the losses from the first hour of the session.Among US companies, BigTech companies are performing poorly, with Nvidia losing the most heavily;
- Semiconductor companies are performing well below the index average today - after news of Nvidia's development of a new type of cost effective AI semiconductor;
- Banks remained relatively quiet despite Moody's decision on the other hand, 'Big Oil' companies are trying to benefit from bullish momentum in oil
- Investors await data from the key July US CPI report tomorrow at 1:30 pm BST. The reading is expected to show an increase on an annualized basis, which may argue for the Fed to keep interest rates high over time.
- EURUSD quotations gained significantly on Wednesday, the rate moved less than 30 pips up on the day, however, here we can also see the anticipation of tomorrow's inflation data from the US. The exchange rate of the main currency pair remains 20 pips below the $1.10 level
- In crude oil, we saw solid gains and the establishment of multi-month highs, which should be linked to yesterday's data from China, which showed weakness in trade. In addition, OPEC+ is restricting supply tightly, making a deficit of 1.5-2.0 million brk per day expected in the second half of the year.
- Bearish sentiment prevailed on gold and silver, with both precious metals posting losses of up to 0.35-0.45% today.
USDCHF quotations remain in a downtrend. The nearest key resistance from a D1 perspective is the zone at 0.8820. Source: xStation5
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