U.S. indices are recording a slightly upward session today. The S&P 500 index is up about 0.3%, the Nasdaq 100 is gaining 0.4%, the Dow Jones is trading up 0.6%, and the Russell 2000 is up almost 0.7%.
Micron posted an increase of more than 13% after strong results. The company benefited from increased demand from data centers, thereby raising its forecasts and reviving the AI boom theme among investors.
Stronger-than-expected results were also shown by Accenture, which beat the market consensus on both revenue and 1Q25 forecasts. As a result, the company is gaining nearly 5% today.
The U.S. Department of Justice intends to launch an investigation into Super Micro Computer (SMCI.US) over suspected accounting violations. The company's shares are currently losing 14%.
Yields on 10-year U.S. bonds remain above the 3.79% level, rising to 3.7963% today. German 10-year bond yields are also rising, gaining 0.8 bps to 2.18%.
European markets closed today's trading sharply higher. Germany's DAX gained 1.59% on the day, while France's CAC40 added 2.33% and Britain's FTSE100 added 0.2%.
In Europe, the top sector today was fashion and luxury, where shares of companies such as LVMH, Hermes and Kering gained nearly 10%.
Among G10 currencies, the strongest gains were seen in the Australian dollar (+1.07%) and the New Zealand dollar (+1%). The Japanese yen, the Canadian dollar and the US dollar remain at similar levels to yesterday's closing prices.
U.S. gas inventories rose less than expected by 47 billion cubic feet versus 52 billion cubic feet forecast, according to EIA data. Despite the lower inventories, NATGAS is losing more than 3%.
Precious metals continue their bullish streak, breaking out to new highs. In the case of gold, we note today more than 0.5% increases, which with their range pushed bullion above $2675 per ounce. In the case of silver, the scale of appreciation is even greater, as it reaches 0.85%. It is worth mentioning, however, that much of the upside on silver has already been erased.
Cryptocurrencies are extending the upward streak driven by the Fed's dovish stance on monetary policy in the US. Bitcoin added more than 2.9% today and rocketed to the highest levels seen since early August of this year.