Deutsche Bank: US Equities Supported by Soft CPI, Chipmaker Gains
Deutsche Bank strategists note that softer US CPI, gains in chipmakers, and strong bank earnings supported equities despite sharp weakness in software stocks.
Deutsche Bank strategists highlighted that a softer-than-expected US Consumer Price Index (CPI) report, combined with gains in semiconductor stocks and robust bank earnings, provided support for US equities.
However, the tech sector showed dispersion: chipmakers rallied while software stocks experienced sharp weakness.
Source: FXStreet Forex News