گزارش بازار اروپا: وال استریت چشم‌انتظار بهبود است، اما افزایش بازده اوراق خزانه‌داری معامله‌گران را در حالت احتیاط نگه داشته است

Wall Street steadies despite Nvidia drama but dip buyers are still walking a tight rope

US bond market cracks resurface as higher for longer fears return to haunt Wall Street

Higher real yields and stronger US dollar weigh on gold as Trump puts Iran deal in jeopardy

Japan prime minister Takaichi fires another verbal warning as USD/JPY flirts with the 160 level

How have interest rate expectations changed after this week's events?

Germany October wholesale price index +0.4% vs +1.9% m/m prior

France October inflation accelerates as energy prices surge, keeping ECB rate hike bets alive

Spain inflation remains stubborn in October, keeping ECB rate hike expectations firmly alive

Eurozone Q3 GDP unchanged in second estimate as uneven growth clouds the outlook

Solana remains under pressure amid hawkish Fed bets and renewed US-Iran tensions. What's next?

It was a modestly calm session in European morning trade, although one can sense that there are still some nerves yet to settle down.

While the Nvidia fiasco is causing a ruckus in Wall Street, US futures are reacting with much calm today and are looking for a light bounce at the open later. That follows from the comeback yesterday to trim losses before the closing bell. Nvidia shares are up by around 1.5% in pre-market, as tech shares continue to grapple with the prospect of more dip buying and a renewed selloff in the bond market.

On the latter, long-end Treasury yields continue to push higher with 10-year yields now on approach to 5.14% and 30-year yields bordering on 5.48% today. Higher borrowing costs are particularly hurtful for growth stocks, especially at a rather sensitive time when tech shares are being called into question amid the enormous spending on AI infrastructure and how that can eventually justify the lofty valuations.

As yields hold higher, the dollar also continues to keep steadier with USD/JPY flirting with breaching the 160.00 mark and AUD/USD down 0.3% to 0.6789 on the day.

Over in Europe, the risk mood is more tentative with regional benchmark indices moving a little lower as the stirring gains from earlier in the week look to be running out of steam. Still, it has been a good week for European stocks as investors managed to brush aside much of the fallout in US tech shares for the most part.

In the commodities space, gold is up 0.4% to $3,891 but is now firmly in a tug of war as buyers and sellers are battling around the 100-week moving average at $3,896 to close out the week. Meanwhile, oil prices are also more tentative with WTI crude down flattish at $88.72 currently.

Looking ahead, all eyes will be on the US producer price data coming up next to see if that will once again reignite inflation fears and rile up the bond market before the week closes.

I'll be away for next week, so I wish everyone a pleasant weekend and catch you again in the week after. Have a good one!

This article was written by Justin Low at investinglive.com.