The global stock market is experiencing mixed trends, with some slight declines on Wall Street and a counter-investigation launched by the European Union against major tech companies. In Europe, the DAX rose by 0.3%, while the KAC traded around base levels and the British FTSE fell by approximately 0.2%. Notable movements in the US stock market include Digital World Acquisition jumping by around 30% due to its upcoming merger with Donald Trump’s social network, and Super Micro Computer’s stock surging by about 10% after a recommendation upgrade by JP Morgan.
In Asia, stock exchanges are trading with mixed trends, with indexes like Nikkei down by 1.2%, Hang Seng up by 0.2%, Shanghai Stock Exchange trading at a similar rate, and Kospi index down by 0.2%. The trade war between the US and China continues to heat up as the Chinese government issues guidelines to block the use of American processors in computers and government servers, impacting companies like Intel, AMD, Microsoft, and others. Boeing’s CEO announced his resignation amidst ongoing issues with the company’s planes, leading to a stock price increase of approximately 3%.
Overall, investment houses have published optimistic forecasts regarding the S&P 500 index, with Oppenheimer raising its forecast to 5,500 and Goldman Sachs raising it to 6,000. However, these forecasts may be influenced by factors such as large technology stocks and ongoing political tensions between countries. It remains to be seen how these factors will affect global stock markets in the coming weeks and months.
