Asian shares retreated and US equity-index futures pared gains as a revival in risk appetite lost momentum. Cryptocurrencies extended their losses. MSCI’s gauge of Asian shares fell 0.4% as gauges in China and Hong Kong gave up initial gains. Contracts for the S&P 500 and the Nasdaq 100 indexes erased their earlier gains to trade flat. Japanese indexes fell more than 1% and the yen weakened amid a brewing political crisis in the country. Silver hit an all-time high above $52.50, and gold set a new peak. The yield on the 10-year Treasury rose three basis points to 4.06% as trading resumed following Monday’s holiday. A gauge of the dollar held its gains from the prior session while crude oil rose for a second consecutive day. Cryptocurrencies edged down with Bitcoin slumping more than 2%. US stocks had clawed back part of Friday’s losses — after tensions between Washington and Beijing rattled investors — signaling a renewed willingness to buy the dip as a resilient economy and Federal Reserve easing outweighed fears of an AI bubble. That optimism now faces an early test as major US banks kick off third-quarter earnings on Tuesday. The artificial intelligence theme continued to dominate markets as Broadcom Inc. soared about 10% as OpenAI agreed to buy its custom chips and networking equipment. The Nasdaq 100 rose 2.2% Monday and a key gauge of chipmakers surged nearly 5%. Shares of companies discussing alliances with Nvidia Corp. jumped Monday, with Vertiv Holdings Co. closing at an all-time high and Navitas Semiconductor Corp. adding 31% after the bell following a 21% climb during the regular session. Nvidia also struck a deal with Hon Hai Technology Group. Also in Asia, Samsung Electronics Co. reported its biggest quarterly profit in more than three years, reflecting surging AI-related demand for memory chips. US-listed rare earth and critical mineral stocks jumped Monday, following strong gains among Asian peers, as fresh tensions between Beijing and Washington over China’s exports fueled bets on alternative suppliers. On Tuesday, China reiterated that the export control measures on rare earth and other related items do not prohibit exports, and applications that meet the requirements will continue to be approved. China and the US have been maintaining communication within the framework of the economic and trade consultation mechanism, and held working-level talks on Monday, the Chinese ministry of commerce said. Earlier, US Treasury Secretary Scott Bessent said he still expects Presidents Donald Trump and Xi Jinping will meet. However, he warned that all options are open for retaliating against China’s move to tighten exports of rare earths. China had urged further negotiations to resolve outstanding issues. Beneath the surface of the short-term ups and downs of financial markets, a longer-term repricing of multiple assets may be underway as investors seek to protect themselves from the threats posed by runaway budget deficits. While the latest US-China tariff spat stole the headlines Friday and sent traders scurrying from riskier assets and into bonds, money managers have been increasingly discussing a phenomenon known as the “debasement trade.” US After Hours NVTS +40.7% surging on progress in 800 VDC power architecture for NVDA's AI factory computing platforms; PII +12.6% on planned spin-off of Indian Motorcycle and Q3 guidance; OEC -17.6% under pressure after lowering adjusted EBITDA guidance.
Nikkei -3.20% Hang Seng -3% CSI -0.50% Shanghai -0.15% Shenzen -1.01%
Eur$ 1.1579 CNH 7.1422 CNY 7.1371 JPY 152.10 GBP 1.3345 CHF 0.8033 RUB 81.0266 TRY 41.8109 WTI$ 59.72 +0.39% Gold 4,164 +1.31% BTC 112,900 -2.53% ETH 4,042 -5.09%
S&P -0.77% Nasdaq -0.97% EuroStoxx -0.52% FTSE -0.49% Dax -0.53% SMI -0.45%
Macro :
- Apollo Sees Potential for More Buyout Deals in Europe Than US
- SpaceX Replicates Starship Launch Success as US Races to Moon
- A $131 Billion Crypto Crash Has Traders Fearing Lasting Damage
- Europe’s Car Plants Face Bleak Future on Weak Demand
- UK Lacks Growth Funding for Critical Sectors Like Quantum, AI
- Bessent Accuses China of Trying to Damage Global Economy: FT
- Davidson Kempner Joins the Rush of Hedge Funds to Abu Dhabi
Keep an eye on :
Keep an eye on :
- ABBN SW : ABB to Develop AI Data Centers With Nvidia
- AAPL US : Apple to Start iPhone Air Sales in China as Carriers to Use eSIM
- BYND US : Beyond Meat Plunges After Debt Swap Dilutes Shareholders
- BOSN SW : Bossard 3Q Sales Beat Estimates
- AVGO US : OpenAI Is Working With SoftBank’s Arm on Broadcom AI Chip Effort
- 1211 HK : BYD : BYD Eyes Spain for Third Car Factory in Europe, Reuters Reports
- DBK GY : AT1 RelVal: SocGen, Deutsche Bank Could Tighten; HSBC May Widen
- DNO NO : DNO 3Q Gross Operated Output for Kurdistan 46,572 Boepd
- EZJ LN : MSC, Fund Considering Approach for EasyJet, Corriere Reports
- EDF FP : EDF Sees Higher Nuclear Power Generation in France for 2025
- ERICS SS : Ericsson 3Q Networks Adjusted Operating Margin Beats Estimates
- FLATB SS : Flat Capital Adjusts Double Sunday Proposal to EGM
- FLU AV :
- F US : Ford Cuts Production of Five Trucks, SUVs After Aluminum-Supply Disruption -- WSJ
- FRA GY : Frankfurt Airport Sept. Passengers +2.2% on Year
- GALP PL : Galp 3Q Refining Margin Beats Estimates
- GIVN SW : Givaudan 3Q Like-for-Like Sales Beat Estimates (1)
- GS US : Goldman Sachs to Buy VC Platform Industry Ventures
- GOOGL US : Google Announces $9B Investment in South Carolina Through 2027
- GRND US : Grindr Explores Going Private: Semafor
- IFX GY : Infineon advances leading-edge 800 Volt AI data center power architecture enabling better
- KESKOB FH : Kesko Sept. Comparable Sales +6.1%
- KDP US : Starboard Value Builds Stake in Keurig Dr Pepper: FT
- MBTN SW : Meyer Burger Holders Won’t Get a Liquidation Dividend
- ML FP : Michelin Cuts Forecast for 2025 Segment Operating Income, Michelin Issues Warning on North America Weakness
- ML FP : Michelin Cuts Forecast for 2025 Segment Operating Income, Michelin Issues Warning on North America Weakness
- NVTS US : Navitas Supports 800 VDC Power Architecture for NVIDIA’s Next-Generation AI Factory Computing Platforms --> +40% in after Hours
- OEC US : Orion SA Cuts FY Adjusted Ebitda Forecast, Misses Estimates --> -29%
- PayPay IPO : PayPay Valuation Could Exceed $20B in Planned US IPO: Reuters
- PZZA US : Papa John’s Jumps as StreetInsider Says Apollo Bid $64/Share
- PTGX US : Protagonist Drops; Betaville Says Asset Sales May Fetch $75
- PUB FP : Publicis Groupe Posts Higher Q3 Net Revenue, Lifts FY25 Guidance
- Revolut IPO : Revolut’s full UK banking licence held up by concerns over global risk controls - FT
- RIO LN : Rio Tinto 3Q Pilbara Ore Shipments Misses Estimates
- SAB SM : Sabadell CEO, CFO Buy Shares Amid End of BBVA Takeover Bid
- 0006600 KS : Samsung Rides Global AI Boom to Its Biggest Profit Since 2022, Samsung’s Shares Wobble After Failing to Wow AI-Manic Investors
- SFL SS : Safello Unit Wins Regulatory Nod to Operate as Crypto-asset Service Provider in Sweden
- SHA0 GY : Schaeffler Says 3Q Margin ‘Slightly’ Above Mid-Point of FY View
- SF SS : Stillfront Prelim 3Q Sales Meet Estimates
- TKA GY : TKMS Expects First Day of Trading in Frankfurt Oct. 20 (Oct. 13)
- TOM2 NA : TomTom 3Q Revenue Beats Estimates
- UCB BB : UCB’s Fintepla Shows ‘Meaningful Improvements’ Across Endpoints
- 288 HK : WH Group : WH Group’s Unit Buys German Packaged Meat Producer Wolf Group
- FHZN SW : Zurich Airport Sept. Passenger Traffic +3.4%