NOK is trading at $13.22 (-5.05%) as a market-wide selloff takes hold following hotter-than-expected US CPI data at 3.8% YoY and surging oil prices above $107/barrel.
- Macroeconomic headwinds and Middle East tensions are currently overshadowing Nokia's internal catalysts, including new AI enhancements for its fixed network portfolio.
- The decline follows a significant +8.58% gain in the previous session and remains within the expected ±$0.62 price move for the May 8 expiry.
- Broader market sentiment is bearish, with the S&P 500 down 0.65% and the Nasdaq falling 1.02%.