
1 month · 29 summary articles
Global markets remained mixed on Thursday as investors balanced optimism over a potential Middle East peace deal and strong AI-related earnings against rising inflation pressures in the United States. The latest US Personal Consumption Expenditures (PCE) data, released on Wednesday, showed headline inflation at its highest level since November 2023, reinforcing expectations of a hawkish Federal Reserve stance . The core PCE index, the Fed’s preferred inflation gauge, also exceeded forecasts, adding to concerns that borrowing costs may remain elevated for longer .
The tech sector provided a rare bright spot, with Micron Technology’s quarterly results sending its shares soaring by over 17% in New York, lifting global semiconductor stocks and AI-related equities . European markets followed suit, with the DAX approaching the 25,000-point mark and the Ibex 35 nearing 19,500 points, driven by renewed AI optimism and a drop in oil prices to pre-war levels . However, ING warned that markets remain highly sensitive to negative news, leaving equities vulnerable to sharp corrections despite elevated valuations .
The Swiss economy, meanwhile, received a vote of confidence from the International Monetary Fund (IMF), which forecast GDP growth of 0.8% in 2026 and 1.5% in 2027, citing strong domestic demand and a stable franc . Inflation in Switzerland is projected to rise to 0.6% this year before stabilizing, while unemployment is expected to edge up to 3.1% in 2026 .
Commodities faced headwinds, with gold, silver, and Bitcoin all retreating from recent highs, while private credit funds saw redemption requests surge, prompting Ares Capital to cap withdrawals . Analysts at Handelsblatt noted that global liquidity conditions, often overlooked, could be a critical factor for markets in the coming months .
With the Fed’s next policy meeting looming, investors are bracing for further volatility as inflation data continues to defy expectations. The mixed signals—from Micron’s earnings to rising US price pressures—highlight the fragile balance between growth optimism and monetary tightening.
Follow us for live European news
2 further sources not geolocated