LQQ.MI is trading at €8.70 (+3.10%) as it tracks a broad Nasdaq-led rebound fueled by positive corporate earnings and favorable economic data.
- U.S. tech shares rose sharply after Microsoft beat expectations and PCE inflation came in cooler than feared, a combination that improved rate-cut hopes and lifted growth-oriented shares.
- As a 2x leveraged Nasdaq-100 ETF, the instrument is highly sensitive to megacap tech sentiment, which saw a significant risk-on shift following recent volatility.
- The gain reflects broader market optimism as cooling inflation data provides the Federal Reserve with more leeway regarding future monetary policy.