Stock markets in the red: Iran wants to store enriched uranium. Oil rises again
Nvidia's record accounts were not enough to push the rally further. Meanwhile, the European Commission revised downwards its expectations for Eurozone GDP while raising those for inflation. Generali performs well in Milan after the accounts
by Chiara Di Cristofaro and Giorgia Colucci
Le ultime da Radiocor
Acea: Palermo, nuovo Piano in continuita' su percorso ultimi anni
***Generali: Palenzona, blindatissima con soci italiani, continua a fare bene
Usa: richieste sussidi disoccupazione -3.000 a 209.000, stime a 210.000 (RCO)
(Il Sole 24 Ore Radiocor) - After a swinging morning the European stock markets are all in the red, hanging on the outcome of the negotiations between the United States and Iran, with US President Donald Trump talking about a deal being close while Iranian Supreme Leader Mojtaba Khamenei issued a directive thatenriched uranium should not be sent abroad, thus stiffening Tehran's stance on one of the main US demands in the peace talks. US indices were in the red as Treasury prices fell again and yields rose.
Uncertainty reigns supreme, therefore, on the outcome of the talks between the United States and Iran and the possible reopening of the Strait of Hormuz, a situation that is still struggling to unblock after almost three months of conflict, and with the oil price back on the rise after Khamenei's words, along with fears for inflation and growth. The effects on economic forecasts, meanwhile, were seen in the worsening of the EU Commission's estimates on GDP and inflation, which pushes away the possibility of central banks raising rates.
It was not enough, therefore, for the market to continue rallying the record results of the giant Nvidia, which the market had been expecting. The US chip giant released numbers that far exceeded expectations, but which once again leave us with the central question of this whole euphoric phase: how long can we grow at this rate? And, above all, will AI fulfil the promises made to the market?
Wall Street down with Iran rebus. Nvidia flat
Wall Street also moved lower, with indices weighed down by soaring oil prices and Treasury bond yields, as traders analysed Nvidia Corp's quarterly earnings report. The company far exceeded Wall Street's expectations in terms of earnings and forecasts, also announcing a quarterly dividend increase in cash to 25 cents. However, investors are now expecting the chipmaker to beat estimates and revise its forecasts upwards amid a boom in artificial intelligence. Therefore, in premarket, Nvidia's shares are flat.
