06.01.25 - Chip sector lifts market despite higher inflation data

German inflation data released today shows an uptick, back to the 3% mark. In the US, the chip market is the top gaining sector today, the day when Donald Trump is going to be confirmed by the Congress as the 47th US president.

Markets: US tech index Nasdaq again with a change above the 1% mark, this time on the upside. Chip sector in the lead, could also lift European stocks. Interest rates on the rise while cryptos show big plus.

My View: Market volume is back to be more normal as traders are back from the holiday seasons. Therefore swings could turn back to be more normal.
With the nomination of the new US president, a next wave of Trump euphoria could start as mainly risk assets are the top gainers, lead by the chip sector.
The latest inflation data in Europe highlights the already mentioned dilemma of the ECB, rising inflation with sluggish growth. Not a bullish case for European stocks.

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