International markets

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Nvidia’s Q1 2026 results, to be published today, need to be convincing to meet investors’ high expectations

Reported by Juan J. Fdez-Figares In another session of high volatility, the main European stock indices closed mixed yesterday, well below their intraday highs. Whilst a slight fall in oil prices in the morning helped to boost equity markets and stabilise the region’s bond markets, in the afternoon, the fall in US bond prices and the sharp rise in their yields – the 30-year Treasury bond closed at 5.18%, its…


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Rise in bond yields causing concern: US 30-year bond yield at highest level since 2007, Japanese 30-year at highest on record

Investors are beginning to show greater concern about the impact that high energy prices may have on inflation figures and, consequently, on monetary policy, pushing yields upwards. Report by Renta 4 Flat opening in European markets (Eurostoxx futures up 0.2%) but with falls in US futures (S&P down 0.3%, Nasdaq 0.5%) and in Asia (Kospi 3%) in markets that are tempering their enthusiasm for AI and beginning to show greater…


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Focus of Trump-Xi Jinping meeting in Beijing lies between concrete positive agreements and fears that differences between world’s two major powers will intensify

Report by Renta 4 European markets open higher (Eurostoxx futures up 0.6%, S&P futures up 0.4%, Nasdaq futures up 0.4%), with Brent futures up 0.5% and all eyes on the long-awaited Trump-Xi Jinping meeting in Beijing, which begins today and will run until tomorrow. Regarding this meeting (postponed from its originally scheduled date at the end of March due to the outbreak of war in Iran), the focus of interest…


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SpaceX: the deal of the century designed for insiders

SpaceX is preparing to go public with a valuation of $1.75 trillion without ever having published its audited accounts. Elon Musk’s company controls over 80% of US orbital launches and has more than 10 million Starlink subscribers, yet it is set to trade at 110 times its annual sales. Analysed by Franco Macchiavelli SpaceX is preparing for its IPO with a valuation of $1.75 trillion, a figure higher than Spain’s…


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Record share buybacks in Europe, totalling $80 billion so far this year

So far this year, European companies have bought back shares worth $80 billion, the highest figure to date, with half of this concentrated in just 20 companies. In March alone, a monthly record of €30 billion was reached, and it is expected that over the next three months, 3% of the free float will be bought back. Analysis by Morgan Stanley The volume of share buybacks so far this year…


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With no US-Iran agreement in sight, Trump temporarily suspends federal fuel tax until prices stabilise

Report by Renta 4 European markets opened lower (Eurostoxx futures down 0.7%, S&P futures down 0.2%, Nasdaq futures down 0.5%) whilst Brent futures rose again, albeit moderately, by 0.7%. As for the conflict, there is still no agreement and the two sides continue to exchange threats, with Trump warning that the ceasefire with Iran is in a very fragile state, and the Iranian government stating that it is prepared for…


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European banks earn +9% in 2022 versus previous year and eurozone banks +13%, thanks to strong interest margins

Morgan Stanley : The banking sector’s earnings release was again very successful with PBT beating consensus by 10%, up 20% on last year. Revenues were +9% year on year (+13% eurozone banks), 3% better than consensus, thanks to the strength of NII which offset the fall in fees and commissions. Costs rose 3-4% and were slightly worse than expected. NII was up on average +13% year-on-year and 3% better than…