Germans accept to spend big, all eyes on the Fed [Video]
|Nvidia yesterday revealed new products at the company’s annual GPI Technology Conference at San Jose but couldn’t reverse investors’ souring mood.
Of course, it was not about Nvidia or the AI conviction, it was about the overall market mood that’s been souring due to a number of reasons including the tariff war, the high tech valuations, the rotation trade, the uncertain Federal Reserve (Fed) outlook and the ugly geopolitics. The Federal Reserve (Fed) will announce its latest decision, economic projections and the dot plot.
Across the Atlantic Ocean, the Germans agreed to pass a bill that will allow the government to increase its spending without being laid back by the strict borrowing rules. Stoxx gained, the euro appreciated while the bunds weren’t further sold.
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