The tech sector celebrates the comeback of the AI trade, while chip giants rebound after the AI sell-off – Microsoft surpasses the $100 billion mark with its Azure cloud for the first time, and Samsung multiplies its chip profit by 250 times – but the bond markets rebel against Fed Chair Kevin Warsh and push the 30-year US yield to its highest level since 2007, while the DAX holds just above 25,500 points

USA & MACRO-ENVIRONMENT Wall Street stages a powerful comeback …, after brave bargain hunters step back in following the recent sell-off. The Nasdaq 100 jumps +2.70%, recovering most of the losses that had recently pushed it into a technical correction. The S&P 500 also rises by +0.89%. The drivers of the recovery are the previously punished semiconductor stocks, which collectively bounce back after the AI-driven sell-off. Economic data further supports the mood : An increase in consumer spending and solid business investments signal...