Diverging fortunes between AI-led US markets and the rest [Video]
|Market sentiment was once again very different on both sides of the Atlantic. The European markets remained under the pressure of tense political environment in France, the euro was sold off against the greenback despite softer US yields but the major US indices remained bid on softer-than-expected US PPI data. The divergence between the US and Europe could widen.
Note that there is also a notable divergence within the US stocks: the technology carries the major indices to record highs while sentiment across other sectors remain gloomy.
Elsewhere, oil sees resistance near key Fibonacci level, while the pullback in nat gas could be interesting opportunity to increase long bets.
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