The US-Iran Ceasefire Causes Oil Prices to Crash Over 10% and Drives the DAX Towards Record Highs – Yet Relief Fades on Wall Street, With the Tech-Heavy Nasdaq Turning Negative As Investors Apply the Brakes Ahead of the Fed Decision And the Influx of Tech Giants’ Earnings – NVIDIA Forges AI Infrastructure Deals Worth $750 Billion, While China’s Memory Champion CXMT Explodes by 466% in Its Stock Market Debut – SAP Gains an Additional 6%.

USA & MACRO-ENVIRONMENT Wall Street cannot maintain its initial relief The drastic slump in oil prices mitigates inflation concerns and supports the bond market; however, the US indices turn negative at the start of the week: the S&P 500 is up by +0.05% only marginally, while the tech-heavy Nasdaq 100 drops by −0.48%, as investors take profits ahead of the Fed decision and the flood of tech giant earnings, with the recently celebrated AI trade losing momentum. The catalyst for the movement in the commodity market is a drop in...