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Highlights
Nvidia hits new record as Nasdaq closes higher amid mixed global sentiment
Shell (LON:SHEL) denies interest in BP (LON:BP.) takeover after market speculation
FTSE 100 sees early lift as European indices remain cautious
Semiconductor and AI hardware company Nvidia (NASDAQ:NVDA) posted a new record-high closing, contributing to gains on the Nasdaq index. The firm’s upward momentum aided in stabilising broader sentiment in the tech space, while other major indices showed mixed trends. The Nasdaq maintained moderate gains, supported by strength in chipmakers, whereas the S&P 500 ended flat and the Dow Jones Industrial Average slipped.
US and Asian overnight markets displayed limited movement, with caution in the broader sentiment stemming from continued geopolitical uncertainties and economic pressures tied to trade tariffs. Nvidia’s performance stood out among peers, reflecting enduring interest in the advanced hardware segment.
Energy Sector Sees Volatility Amid Merger Speculation
In the energy sector, speculation emerged surrounding a proposed acquisition of BP (LON:BP.) by Shell (LON:SHEL). The speculation was quickly denied by Shell, stating there were no active plans or bids regarding a takeover. This came amid ongoing uncertainty in the energy markets, with Brent crude prices holding relatively stable and geopolitical concerns adding to investor caution.
The denied reports had limited short-term impact on pricing, but market attention remained focused on strategic positioning among energy majors. Both companies are listed on the FTSE 100, which saw a modest rise following early trading sessions.
European Indices Mixed as Economic Pressures Mount
Indices across Europe reflected caution. The FTSE 100 experienced a moderate lift, while Germany’s DAX and France’s CAC 40 started softer. Spain’s Ibex also showed subdued movement, with a broadly risk-averse tone continuing across the region.
Geopolitical developments and the looming end of a trade negotiation pause added uncertainty. US tariff plans remain a significant variable, with European Union representatives indicating reciprocal measures if the initial ten percent threshold is enforced after the deadline. Defence spending pledges by NATO-aligned nations including the United Kingdom have also re-entered the spotlight.
Auto Sector Faces Pressure as Tesla Sees Lower Regional
Tesla (NASDAQ:TSLA) reported another dip in its European delivery numbers, underscoring challenges for electric vehicle manufacturers in the region. Economic headwinds and supply chain adjustments continue to affect demand and distribution dynamics.
Despite broader tech resilience, the automotive segment did not follow the upward trend. Global production and delivery strategies appear to be realigning, and regional factors are influencing sector performance distinctly across markets.
Outlook Remains Measured Across FTSE 100 and Related Indices
Although early gains were seen on the FTSE 100, broader indices like the FTSE 350 and FTSE remained cautious as market participants navigated a week marked by conflicting signals. Amid declining European auto and cautious trade sentiment, energy and tech developments remain key areas of interest.
No escalation in Middle Eastern tensions helped oil prices stay steady, but market direction continued to hinge on economic updates and policy clarity from the US and EU. Defensive sectors and stable yield segments, such as those tracked by FTSE Dividend Yield, also remained relevant in allocation strategies.
