The attention of financial circles is directed towards the upcoming readings of the “Consumer Price Index” in the United States, which will determine the course of the upcoming monetary policy. Investors fluctuate between hopes of a rate cut to stimulate economic growth, and fears of continued monetary tightening if inflation remains high. This uncertainty was reflected in the performance of the main indices on Wall Street and the European and Asian markets, which preferred to adopt a waiting approach.
In the energy sector, oil price movements impose contradictory pressures on the markets. While price stability supports the shares of major energy companies, fears of rising production costs worry other sectors.
In parallel, the technology and electronic chips sector is leading selective rising waves, benefiting from the huge investment flows towards artificial intelligence technologies, which provides a safety cushion for global indices and limits their losses resulting from high interest concerns.
