Asian stocks and US equity-index futures advanced as strong earnings from technology companies lured investors back into the artificial intelligence trade. The Kospi Index — a bellwether for AI investments — rallied 4%, with Samsung Electronics Co. and SK Hynix Inc. both jumping about 7% amid optimism over their shareholder return policies. A media report about investment plans by Singapore’s Temasek Holdings Pte also supported sentiment. The broader MSCI Asia Pacific equities gauge climbed 0.7%. CoreWeave Inc. surged 16% in extended trading after booming AI spending drove stronger-than-expected sales growth. Super Micro Computer Inc. rallied 7.6% as its revenue forecast topped estimates. Those gains helped spur a 0.3% advance in futures contracts for the Nasdaq 100. European shares were set for a flat open. Elsewhere, crude oil climbed as traders remained wary about the prospects for a Middle East deal. Global benchmark Brent rose 0.6% to $89.45 a barrel, extending its rally to a sixth day — the longest winning streak since April. The advance in oil came as the US and Iran both appeared to harden their positions in the long-deadlocked negotiations over the Strait of Hormuz, despite Pakistan’s defense minister saying the two countries are “close to some sort of arrangement.” Oil’s gain added to investor caution in the run-up to crucial US inflation data later Wednesday, as investors weighed persistent geopolitical risks against uncertainty over the Federal Reserve’s next move on interest rates. Hopes for a breakthrough in Middle East negotiations were damped after optimism about an imminent deal boosted risk assets last week. Elsewhere, the yen was little changed around 159.40 per dollar. Investors are watching the currency as it approaches the key level of 160, which may trigger Japanese authorities to intervene again. The dollar weakened against most of its Group-of-10 peers. Treasuries steadied with the yield on the benchmark 10-year note little changed at 4.69%. Gold recovered from Tuesday’s losses to gain 0.7% to about $4,400 an ounce. Neil Shah, Vice President at Counterpoint, discusses the outlook for Nvidia and the circular deals underpinning the AI boom. An Asian gauge of tech shares climbed 2.6%, while a regional benchmark of chip-related stocks rose 1.8%. Later Wednesday, the US CPI print is expected to show that energy-related pressures have eased after intensifying in the months immediately following the start of the Iran war. The headline gauge probably rose 0.1% in July following a 0.4% decline in the prior month, based on the median projection in a Bloomberg survey of economists ahead of Wednesday’s Bureau of Labor Statistics release. A softer reading may help alleviate some concern after three officials at the Federal Open Market Committee dissented in July in favor of raising interest rates. US After Hours Later Wednesday, the US CPI print is expected to show that energy-related pressures have eased after intensifying in the months immediately following the start of the Iran war. The headline gauge probably rose 0.1% in July following a 0.4% decline in the prior month, based on the median projection in a Bloomberg survey of economists ahead of Wednesday’s Bureau of Labor Statistics release. A softer reading may help alleviate some concern after three officials at the Federal Open Market Committee dissented in July in favor of raising interest rates.
Nikkei +0.78% Hang Seng -1.22% CSI +0.38% Kospi +3.83% Shanghai +0.09% Shenzen +0.76%
Eur$ 1.1534 CNH 6.7479 CNY 6.7471 JPY 159.40 GBP 1.3504 CHF 0.8122 RUB 82.7292 TRY 47.7563 WTI$ 83.62 +0.42% Gold 4,388 +0.09% BTC 63,804 +0.17% ETH 1,890 +0.52%
S&P +0.12% Nasdaq +0.29% EuroStoxx +0.00% FTSE -0.23% Dax -0.03% SMI -0.18%
Macro :
- Norway Ethics Council Eases Stance on Firms Linked to Scrapping
- Jane Street’s $14.6B Senior Secured Notes Rated at BB by S&P
- Jane Street’s $14.6B Senior Secured Notes Rated at BB by S&P
- Citadel Securities Says Prepare for Reload on Levered Stock Bets
- Norway Wealth Fund Returned 9.4% in 1H
Keep an eye on :
Keep an eye on :
- ABCL US : AbCellera Biologics Offers 200m Shares
- ABN NA : ABN Amro 2Q Net Interest Income Beats Estimates, ABN Amro Raises Full-year Commercial NII Guidance to €6.8B (1)
- ACAST SS : Acast Acquires Backyard Ventures for $20M
- ACAST SS : Acast Acquires Backyard Ventures for $20M
- AIR FP : Airbus US Deliveries Not Limited to Alabama Output, A320 Builds Slowed by Geared-Turbofan Support
- ALMA FH : Alma Media 2Q Adjusted Operating Profit Beats Estimates
- AAPL US : Apple Executive in Charge of Pay and Wallet Services Is Leaving
- ARES US : Ares Offers Savers Value Village Shares for Up to $10.75 Each
- ATYM LN : Trafigura Looks to Exit Atalaya Stake After Rally: ECM Watch
- BC8 GY : Bechtle 2Q Ebit Beats Estimates
- GBF GY : Bilfinger Sees FY Ebita Margin Low End of 5.8% to 6.2%
- BORR US : Borr Drilling 2Q Operating Revenue Misses Estimates
- BNR GY : Brenntag 2Q Operating Gross Profit Beats Estimates
- CAVA US : Cava Group 2Q Restaurant Comp Sales Beat Estimates
- 1COV GY : Covestro Declared Force Majeure on Some Dormagen Plant Products
- CRWV US : CoreWeave 2Q Revenue Meets Estimates, CoreWeave Revenue Surges on Booming Demand for AI Computing
- CTM S : Catena Media 2Q Adj. Ebitda Cont Ops EU1.23M Vs. EU1.39M Y/y
- DEMANT DC : Demant’s Raised Guidance May Still Be Conservative: Street Wrap
- DOU Gy : Douglas Group Reports 3Q Sales of EUR 987.8 Million, Compared With FactSet Consensus of EUR 992.2 Million
- EOAN GY : E.On 1H Adjusted Ebitda Meets Estimates, E.ON FY Outlook Above Consensus
- EROC US : Anthropic Becomes ERock's Biggest Customer After the Power Company's Rough IPO
- FNM SS : Ferronordic 2Q Revenue Beats Estimates
- FCX US : Indonesia Copper Shipments Delayed by Gresik Smelter Outage
- GLA1V FH : Glaston 2Q Revenue Misses Estimates
- GM US : GM Sets Up $4.5 Billion Plan to Ensure Supply of Critical Parts
- GOOGL US : Google Says Gemini Now Has More Than 1 Billion Monthly Users
- GYC GY : Grand City Properties 1H Adjusted Ebitda EU174M
- HNR1 GY: Hannover Re 2Q Ebit Meets Estimates
- INH GY : Indus Holding 1H Revenue EU965.2M
- JEN GY : Jenoptik 1H Revenue Misses Estimates, Jenoptik Narrows FY Ebitda Margin Forecast
- JOBY US : Cerberus to Sell Resonant Sciences to Joby Aviation
- SDF GY : K+S Raises FY Ebitda Forecast
- KSP ID : Kingspan Agrees to Buy BMC Manufacturing Group
- KSP ID : Kingspan Agrees to Buy BMC Manufacturing Group
- FOIL US : Londian Wason Prices Upsized IPO at $22 Per ADS
- LITE US : Lumentum 1Q Adjusted EPS Forecast Beats Estimates
- MGNX US : MacroGenics Says Gilead Exercises Option, Triggers $10m Payment
- MARAS FH : Martela 2Q Revenue Misses Estimates
- ILM1 GY : Medios Reports 1H EPS of EUR 0.35
- NN US : NextNav Shares Jump Following Statement on SpaceX FCC Filing (1)
- ORCL US : Oracle has drawn up plans for a new round of layoffs this month, sources say
- PIRC IM : Sinochem Working on Reducing Pirelli Stake Further: Sole
- RAUTE FH : Raute 2Q Sales Beat Estimates
- SAMPO FH ; Sampo Boosts FY Insurance Revenue Forecast, Beats Estimates
- SERV US : Uber Exits Serve Robotics Stake as Delivery Alliance Unravels
- SVV US : Ares Offers Savers Value Village Shares for Up to $10.75 Each
- SCHP SW : Schindler To Modernize 31 Elevators at GM Building in New York
- SHUR BB : Shurgard 2Q Property Operating Revenue EU115.0M
- SITOWS FH : Sitowise 2Q Sales Miss Estimates
- SPCX US : AI Startup Cognition in New Funding Talks at $40 Billion Value
- SPCVX US : SpaceXAI Unveils New AI Model That Uses Team of Agents: TMT Wrap
- SPCX US : Norway Wealth Fund Holds $1.2b Stake in SpaceX: Reuters
- STAN LN : StanChart Expects to Grow Headcount in India’s GCC Market: COO
- TEMN SW : Temenos Announces Share Buyback Program of up to CHF 100m
- TKA GY : Thyssenkrupp Nucera Won’t Pursue SOEC Stacks Mass Production
- TKMS GY : German Shipbuilder TKMS Raises Outlook as Defense Boom Builds
- TTNM LN : Tottenham Hotspur’s Levy Said to Miss Share Issue Deadline (1)
- TUI1 GY : TUI 3Q Net Income EU82M Vs. EU183.1M Y/y
- UBER US : Uber Exits Serve Robotics Stake as Delivery Alliance Unravels
- VWS DC : Vestas Raises Profit Outlook as Wind Turbine Orders Climb, Vestas Raises FY Adj. Ebit Margin Forecast; Plans Buyback
- WIEV AV : Wienerberger 2Q Ebitda EU230M Vs. EU253M Y/y