Technology shares advanced in Asia before Nvidia Corp.’s earnings as investors awaited its take on chip demand to gauge the sustainability of a global stock rally since April. The artificial intelligence theme remains a focus with Chinese AI linchpin Cambricon Technologies Corp. jumping as much as 8.2% to its highest ever after a record profit. Nikon Corp. shares jumped 21% in Japan. Nvidia will report after the bell Wednesday. A gauge of Asian technology shares rose as much as 0.6% while a broader regional index was flat. The Chinese yuan rose to its strongest level against the dollar since November. The dollar and Treasuries steadied after they declined following President Donald Trump’s push to oust Federal Reserve Governor Lisa Cook. Long-dated bonds from the US to France and the UK slumped on Tuesday. While Trump’s move captured much of the market’s attention, traders face key risks this week from Nvidia’s earnings and Friday’s inflation report. Even with political headlines flaring, investors remain anchored to a bullish market script: a likely September interest-rate cut, resilient economic growth, and strong company earnings to keep equity sentiment afloat. Nvidia’s is expected to update on the AI spending boom and how the US-China rivalry is limiting growth. Analysts estimate that the biggest buyers of AI hardware are still investing heavily in new gear, with the company’s sales set to grow at a pace of more than 50% this year. Dimming the excitement is confusion over how much business Nvidia will be able to do in China. Meanwhile, Trump said he was prepared for a legal fight while the Fed, weighing in for the first time this week, said it would abide by any court decision in Cook’s legal challenge of her dismissal. The Fed’s perceived independence from government whims is a bedrock assumption of US markets, and any change to that perception could weigh on US credit ratings. In China, data showed industrial companies saw their profits fall at a slower pace in July, in a potential sign that efforts to curb overcapacity are starting to ease the strain from aggressive competition among producers. Economic data Tuesday showed US orders for business equipment increased in July by more than projected, suggesting companies are moving forward on investment plans as uncertainty around trade and tax policy gradually diminishes. Also, consumer confidence fell slightly in August as Americans worried more about their prospects of finding a job. On the trade front, the US will slap a crushing 50% tariff on some Indian goods starting Wednesday — the highest in Asia — as Trump presses ahead with the levies to punish New Delhi for buying Russian oil. Crude oil held its steep drop Tuesday. US After Hours MDB +27.6%, NCNO +8.1%, OKTA +6.6%, BOX +5.2%, PVH +4.8% higher on earnings; BHR +8.8% puts itself up for sale; ELAN +3.6% to join S&P MidCap 400.
Nikkei +0.23% Hang Seng -0.46% CSI +0.17% Shanghai -0.21% Shenzen +0.37%
Eur$ 1.1620 CNH 7.1551 CNY 7.1551 JPY 147.93 GBP 1.3451 CHF 0.8052 RUB 80.5067 TRY 41.0432 WTI$ 63.30 +0.08% Gold 3,378 -0.45% BTC 114,750 +0.12% ETH 4,612.50 +0.66%
S&P +0.02% Nasdaq +0.03% EuroStoxx +0.22% FTSE +0.46% Dax +0.06% SMI +0.15%
Macro :
- Crowdsourcing Hedge Fund Gets $500 Million JPMorgan Commitment
- Hedge Funds Are Shorting the VIX at a Rate Not Seen Since 2022
- From Greenland to Ørsted, US pressure unsettles Denmark - FT
- France’s Political Crisis Dashes Hopes of Business-Led Recovery
- Chinese Stocks Brave Bubble Buzz With Return of Margin Traders
- AB InBev, ASML, AXA, LVMH, Schneider Electric: Vol Dispersion
- Oil Back in the $50s Seems Plausible
Keep an eye on :
Keep an eye on :
- ACLN SW : Accelleron Cuts FY Oper Ebita Margin Forecast
- AGFB BB : Agfa-Gevaert 2Q Revenue Misses Estimates
- AGS BB : Ageas 1H Net Operating Profit Beats Estimates
- AMBEA SS : Ambea Holder Bolero Holdings Offers 4.3m Shares
- AAL LN : Botswana appoints Lazard to advise on De Beers transaction
- AT1 GY : Aroundtown Maintains FY FFO I Forecast, Aroundtown 1H Adjusted Ebitda EU500.6M; CFO to Step Down
- AVOL SW : Avolta Gets Contracts at Bulgaria’s Sofia International Airport
- BEIJB SS : Beijer Ref Offering by Holder EQT Prices at SEK157/Share
- BRNK GY : Branicks 1H Ebit EU9.6M Vs. Loss EU87.6M Y/y
- 688256 CH : DeepSeek Lifts China AI Linchpin Cambricon to Record Profit & FT
- CAST SS : Castellum’s Board Names Pal Ahlsen as New CEO
- DSY FP : Watch Software and Cyber Stocks as US Firms Beat Forecasts
- DTE GY : Musk’s Starlink, T-Mobile Eye EchoStar’s Spectrum: Semafor
- EL FP : Nikon Shares Jump 21% as Ray-Ban Maker Considers Raising Stake
- XOM US : Exxon Held Talks With Rosneft Over Russia Re-Entry, WSJ Says
- GIVN SW : Givaudan Says Andrier to Retire As CEO; to be Proposed As Chair
- HOC LN : Hochschild Mining 1H Adjusted Ebitda Beats Estimates
- IDIA SW : Idorsia Completes Convertible Bonds Restructuring
- IMCD NA : IMCD to Buy Tillmanns
- KENDR NA : Kendrion Sells China Ops to Local Management at €70M Ent. Value
- META US : Meta Superintelligence Labs is already losing key staff less than two months after launch
- MSFT US : Microsoft talks set to push OpenAI’s restructure into next year, Software giant wants to retain access to start-up’s technology while removing artificial general intelligence’ clause - FT
- EGL PL : Mota-Engil 1H Net Income EU59M Vs. EU49M Y/y
- 7731 JP : Nikon Shares Jump 21% as Ray-Ban Maker Considers Raising Stake
- NIO US : 9866 HK : NIO Shares Jump in HK After JPMorgan Upgrade to Overweight
- PRU LN : Prudential 1H New Business Profit $1.26B Vs. $1.12B Y/y
- RHM GY : Rheinmetall to Build Munitions, Explosives Factories in Bulgaria
- RBREW DC : Royal Unibrew 2Q Net Revenue Misses Estimates
- RBREW DC : Royal Unibrew 2Q Net Revenue Misses Estimates
- SAP GY : Watch Software and Cyber Stocks as US Firms Beat Forecasts
- Space X : SpaceX Starship Deploys Satellites in Space During Key Test --> Link to viedo : https://dub.sh/eTs147v
- SRAIL SW : Stadler Rail 1H Ebit Misses Estimates
- SYDB DC : Sydbank 2Q Net Income Misses Estimates; 2025 Outlook Maintained
- TMUS : Musk’s Starlink, T-Mobile Eye EchoStar’s Spectrum: Semafor
- UBXN SW : Advent Bidding Vehicle Publishes Prospectus for U-blox Offer
- UCG IM : Italy Mulls New Delay of Banks Deferred Tax Assets Pay: Stampa
- VNDA US : Vanda Pharma Treatment Granted Orphan Drug Status by FDA
- 1810 HK : The Chinese gadget maker taking on Tesla and Apple - FT