Asian shares advanced as regional chipmakers climbed on expectations they will benefit from the billions of dollars flowing into the artificial intelligence buildout. Oil extended its recent rally. MSCI’s Asia Pacific equities gauge rose 0.8%, with the Kospi — a bellwether for AI investments — adding 2.5%. Samsung Electronics Co. and SK Hynix Inc. both jumped more than 2% as investors bet the South Korean chipmakers will be among the beneficiaries of global AI spending. An Asian gauge of semiconductor stocks was set for a third day of gains. Still, caution lingered with Nasdaq 100 futures dropping 0.3% and Alphabet Inc. sliding more than 3% in extended trading on its higher-than-expected capital spending plan. Tesla Inc. dropped 4% after missing estimates, while International Business Machines Corp. edged lower after cutting full-year sales outlook. Oil advanced after Iran-backed Houthi militants said they targeted two Saudi Arabian tankers in the Red Sea, escalating the Middle East conflict and threatening deeper supply disruptions. Global benchmark Brent rose as much as 2.5% to over $96 a barrel, the highest level since early June. Alphabet’s results mark the start of a critical test for the AI trade, especially for the suppliers in Asia. After last week’s technology selloff, which sent a gauge of chipmakers into a bear market, earnings over the next two weeks will be scrutinized for signs that hundreds of billions of dollars invested in AI are beginning to generate commensurate returns. Alphabet now expects capital spending to reach as much as $205 billion this year, eclipsing its previous guidance and far exceeding Wall Street expectations. The company is accelerating investment in AI computing capacity to meet surging demand, executives said in a call with analysts. Carmen Lu, Partner at Paul, Weiss, Rifkind, Wharton & Garrison, joins Dani Burger on “Bloomberg Deals.” Investors will turn their focus to next week’s results from Microsoft Corp., Meta Platforms Inc. and Amazon.com Inc. for guidance on capital spending. While there might be a deceleration in capex by hyperscalers, it doesn’t change the opportunity for long-term active managers, Vikas Pershad, a portfolio manager at M&G Investments, said on Bloomberg TV. Elsewhere, yields on the Treasury two-year note held at 4.30%, having gained four basis points during the US session. The US 30-year bond yield has stayed above 5% for the longest stretch since the dawn of the financial crisis, echoing investor concerns about a growing debt pile and sticky inflation. Also, Indonesian stocks rallied, putting the benchmark on track to enter a bull market as an affirmed sovereign rating boosted sentiment and sustained tech optimism fueled a regional rebound. Investors are also weighing geopolitical tensions. President Donald Trump vowed to hit Iranian bridges and power plants if Tehran continued attacking vessels in the Strait of Hormuz. Iran responded with its own warning. The renewed escalation has fueled concerns that higher energy prices could keep inflation elevated and complicate the Federal Reserve’s policy outlook. With the central bank meeting next week, money markets are pricing about a 30% chance of a rate increase and a 70% probability that policymakers hold steady. The European Central Bank announces a policy decision later Thursday. US After Hours TSLA -4.2% and GOOG -4% trade lower on earnings; MEDP +18.9%, URI +10.5%, CSX +4.6%, NOW +4.4% among names trading higher after earnings; MOH -9.8%, LVS -5% and TXN -3.8% also lower on earnings.
Nikkei +0.83% Hang Seng +1.30% Kospi +3.79% CSI +0.23% Shanghai +0.15% Shenzen +0.93%
Eur$ 1.1430 CNH 6.7679 CNY 6.7681 JPY 163.05 GBP 1.3389 CHF 0.8133 RUB 78.2467 TRY 47.2346 WTI$ 88.41 +1.85% Gold 4,125 -0.52 % BTC 65,632 -0.36% ETH 1,918 -0.34%
S&P -0.16% Nasdaq -0.15% EuroStoxx -0.36% FTSE -0.10% Dax -0.50% SMI -0.45%
Macro :
- OpenAI Models Spent Hours on Hack That Usually Takes Weeks
- FDA Says It’s Investigating Another Cyclospora Parasite Outbreak
- SOFTWARE ETF IGV CLOSES 3% LOWER FOR BIGGEST DROP SINCE JUNE 5
- SOFTWARE ETF IGV CLOSES 3% LOWER FOR BIGGEST DROP SINCE JUNE 5
- Batista Brothers Clinch Venezuela Oil Stake as Deals Gain Steam
- Europe Car Sales Jump Most Since October 2023 on Shift to EVs
- EU June Car Registrations Rise 13.6% Y/y to 1.148m Units
- Ebola Deaths Surpass 1,000 in Congo as Virus Outpaces Response
- Watch Shipping Stocks as Houthis Say They Hit Tankers in Red Sea
Keep an eye on :
Keep an eye on :
- AALB NA : Aalberts 1H Revenue Beats Estimates
- ACAST SS : Acast 2Q Net Sales Beat Estimates
- AKTR GA : Aktor as It Concludes €650m Capital Hike at €11.25/Share
- ALO FP : Alstom 1Q Sales Beat Estimates, Alstom Expects Momentum to Improve After Slow Start
- AMD US : Intel, AMD Sign Long-Term Server CPU Deals in China: Rtrs
- AML LN : Aston Martin Lagonda Closes New £550M Debt Financing Led By HPS
- ARGX BB : Argenx 2Q Operating Income Beats Estimates
- BKT SM : Bankinter 2Q Net Income Beats Estimates
- BESI NA : BE Semiconductor 2Q Gross Margin Beats Estimates, BE Semiconductor Sees 3Q Gross Margin 63% to 65%, Est. 64.9%
- BNP FP : BNP Paribas 2Q Net Income Beats Estimates
- BYS SW : Bystronic 1H Loss CHF25.4M
- CAVA US : Sweetgreen, Cava Drop on FDA Report of New Cyclospora Outbreak
- CMBN SW : Cembra Money Bank 1H Net Income CHF92.3M Vs. CHF87.2M Y/y
- COPN SW : Cosmo NV 1H Revenue EU50.2M
- DAE SW : Daetwyler 1H Ebit CHF75.7M Vs. CHF68.9M Y/y
- AM FP : Dassault Aviation 1H Adjusted Net Income Beats Estimates
- DSY FP : Dassault Systemes Sees 3Q Non-IFRS Rev Ex-FX +3% to +5%
- DSY FP : Dassault Systèmes to Buy Drug Trial Software Firm ArisGlobal
- DYN US : Dyne Gets $375.2 Million for Muscle Disease Drug
- EDEN FP : Edenred Boosts FY Organic Ebitda Forecast
- RF FP : Eurazeo Assets Under Management EU40.07B Vs. EU36.79B Y/y
- ERF FP : Eurofins Scientific 1H Adjusted Ebitda Beats Estimates
- FER SM : Heathrow 1H Passengers 40.0M
- FTK GY : FlatexDEGIRO 2Q Revenue Beats Estimates
- FNAC FP : Fnac Darty 1H Revenue Beats Estimates
- F US : Ford and Geely Agree to Share Underused Spanish Auto Factory
- FPE GY : Fuchs Prelim 1H Revenue EU2.00B
- GALD SW : Galderma Sees FY Sales at Constant FX +19% to +21%, Est. +19.5%
- GFC FP : Gecina 1H Recurring Net Income Beats Estimates
- GET FP : Getlink Boosts FY Ebitda Forecast, Misses Estimates
- GIVN SW : Givaudan 1H Sales Meet Estimates
- GSK LN : GSK's Jideytro Gets FDA Approval for Lung Cancer
- GOOGL US : Alphabet Falls as Capex Overshadows Cloud Beat, Google Boosts 2026 Spending Estimate to as Much as $205 Billion
- HUH1V FH : Huhtamaki 2Q Adjusted Ebit Beats Estimates
- IBM US : IBM Sees FY Revenue at Constant Currency +4% to +5%: Snapshot
- IDR SM : Indra 2Q Net Income Beats Estimates
- INTC US : Intel, AMD Sign Long-Term Server CPU Deals in China: Rtrs
- ITP FP : Interparfums FY Sales Forecast Misses Estimates
- IPS FP : Ipsos FY Organic Revenue Forecast Beats Estimates
- JNJ US : J&J Receives FDA Nod for Its Soft Tissue Surgical Robot
- KEMPOWR FH : Kempower Narrows FY Revenue Forecast
- KNIN SW : Kuehne + Nagel Boosts FY Recurring Ebit Forecast
- LEON SW : Leonteq 1H Pretax Profit Beats Estimates
- MEDX SW : Medmix 1H Adjusted Ebitda CHF43.5M Vs. CHF44.9M Y/y
- MEKO SS : Meko 2Q Revenue SEK4.56B Vs. SEK4.51B Y/y
- MBG GY : Bill Risking Mercedes Ban Over China Ties Advances in US Senate
- MONC IM : Moncler 2Q Revenue Meets Estimates
- MONC IM : Moncler 2Q Revenue Meets Estimates
- MUSTI FH : Musti Group 2Q Net Sales EU138.5M
- NESN SW : Nestle 1H Organic Revenue Beats Estimates
- NESN SW : Nestlé nears deal to sell stake in €5bn Perrier unit, Swiss group races to agree terms with Platinum Equity for water business, whose brands include San Pellegrino - FT
- NESN SW : Nestlé, Platinum Form Water JV for €4.9b Enterprise Value
- NOKIA FH : Nokia 2Q Adjusted Operating Profit Beats Estimates Nokia Boosts FY Adjusted Operating Profit Forecast
- OBEL BB : Orange Belgium 1H Ebitda After Leases EU292.5M Vs. EU264.8M Y/y
- PSKY US : Paramount’s $110 Billion Warner Deal Gets EU Conditional Nod
- RI FP : Pernod Ricard Names Mauve Croizat EVP Finance & Tech
- PFE US : Pfizer’s TALZENNA Plus XTANDI Gets FDA Priority Review
- RNO FP : Renault’s Dacia 2Q Sales Decline 0.3% to 181,729 Units
- RNO FP : Renault Sells 1,165,133 Vehicles in 1H, Down 0.4%
- REP SM : Repsol 2Q Adjusted Income Beats Estimates
- RVMD US : Revolution Medicines' Daraxonrasib NDA Accepted by FDA
- ROP SW : Roche 1H Core EPS Beats Estimates
- ROVI SM : Rovi 1H Net Income EU84.4M Vs. EU39.7M Y/y
- SRT GY : Sartorius 1H Adjusted Ebitda Meets Estimates
- DIM FP : Sartorius Stedim 1H Revenue Misses Estimates
- SK FP : SEB 1H Net Loss EU124.1M, Est. Loss EU109.5M (2 Est.)
- SGRO LN : SEGRO Board Minded to Recommend Latest Prologis Bid to Holders
- SFSN SW : SFS Sees FY Sales in Local Currencies +3% to +6%
- SLIGR NA : Sligro 1H Ebit Misses Estimates
- SOI FP : Soitec Sees 2Q Like-for-Like Sales Above +30%
- STM GY : Stabilus FY Revenue Forecast Misses Estimates
- STMA FP : STMicro 3Q Net Revenue Forecast Misses Estimates, STMicro 3Q Net Rev. Outlook Misses; Hikes Data Center Rev. View
- STERV FH : Stora Enso 2Q Sales Meet Estimates
- MSTR US : Wall Street Won’t Give Up on Saylor’s Strategy, Sees 170% Upside
- TWEKA NA : TKH Boards Recommend Proposed Separation of Electrification Ops
- TEMN SW : Temenos 2Q Non-IFRS Ebit Beats Estimates
- TSLA US : Tesla 2Q Adjusted EPS Misses Estimates: Snapshot
- TGS NO : TGS 2Q Produced Ebitda Misses Estimates
- HO FP : Thales 1H Ebit Beats Estimates
- TTE FP : Total 2Q Profit Seen Up, Focus on Buybacks: Preview
- 8TRA GY : Traton Narrows FY Adjusted Operating Margin Forecast
- UCG IM : UniCredit 2Q Net Income Beats Estimates, UniCredit Beats Profit, Lifts Goals Amid Commerzbank Pursuit
- FR FP : Valeo 1H Ebitda Beats Estimates
- VOS GY : Vossloh 1H Revenue EU710.1M Vs. EU582.6M Y/y
- WH US : Wyndham Hotels Boosts FY Adjusted EPS Forecast