The Wall Street shakes off interest rate fears and returns to risk-on mode at the start of the week, while gold and bitcoin reignite the debasement debate – Anthropic heads towards the largest IPO of all time and NVIDIA negotiates with chip start-up Rebellions ahead of the highly anticipated quarterly numbers – the DAX stabilizes above 26,000 points after four days of losses

USA & MACRO-ENVIRONMENT Wall Street finds its balance at the start of the week The S&P 500 rises +0.33%, while the tech-heavy Nasdaq 100 remains almost unchanged at −0.08%, putting investors in a wait-and-see mode ahead of upcoming tech catalysts. The stabilizing factor is a calming in the bond market, after a sharp spike in yields the previous week had pressured prices, driving the yield on 30-year US bonds to its highest level since 2007. The focus is on fiscal policy US Treasury Secretary Scott Bessent signals a willingness...