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Global indices are in the red today, weighed down by big tech stocks, which are struggling due to higher Treasury yields triggered by a worrying speech from a very respected Fed official. Investors are now fearing that rates could move up again.

Wall Street reopens after the long Memorial Day weekend, and serious business resumes today, with fairly dense macroeconomic news ahead of the week's two major events: May inflation in the eurozone and April PCE inflation in the United States, for which we'll have to wait until Friday. But there's also a big change taking effect today on Wall Street that's causing a lot of angst.

The mood on the financial markets has soured a bit. The euphoria seen after several indices reached records at the start of the week has given way to a more confused feeling, with the return of inflationary fears. It's all feels like déjà vu.

There was a pretty colossal stakes surrounding Nvidia's quarterly results yesterday, after the bell. Western stock markets generally retreated in anticipation. Let's dispel the suspense right away: the share gained 6% after the release of its results, so it passed the test with flying colors.