Stocks fluctuated and gold rallied as investors parsed President Donald Trump’s comments about his meeting Chinese leader Xi Jinping after their summit aimed at reducing trade tensions between the world’s largest economies. US equity-index futures fell 0.1% after Trump said he had an “amazing meeting” with Xi and would reduce fentanyl tariffs from 20% to 10% effective immediately. Contracts for the Nasdaq 100 index slipped 0.2% as Trump said he had discussed Chinese access for Nvidia Corp.’s chips but indicated that he would not offer access to their most advanced Blackwell line. A gauge of Asian shares fell 0.2%, erasing their earlier gains. Chinese indexes also retreated. A gauge of the dollar trimmed gains from the prior session. Treasuries recouped some of their losses with the yield on the 10-year declining one basis point to 4.06%. The yen fluctuated against the dollar after the Bank of Japan held its policy rate. Gold jumped 1.2%. Investors were speculating that the US-China meeting would help ease the world’s largest trade dispute and steady global markets after months of tension. Since the tariff-fueled meltdown in April, the S&P 500 has surged on optimism about AI and hopes for Federal Reserve interest-rate cuts. Instead, the Fed on Wednesday cautioned investors that a cut in December isn’t a foregone conclusion. Trump said he had an “amazing meeting” with Xi that resulted in a trade deal that would see the US halve fentanyl-related tariffs on Chinese goods effective immediately. The deal will also see China resume soybean purchases and pause its rare-earths licensing regime for at least a year, Trump said. Earlier, following the Fed’s expected rate cut, Powell’s caution about future moves and his focus on labor market risks led investors to scale back easing bets. Fed officials delivered their second straight rate reduction Wednesday to support a softening labor market, and said they would stop shrinking the portfolio of assets on Dec. 1. Governor Stephen Miran dissented again in favor of a larger reduction. Kansas City Fed President Jeff Schmid said he preferred not to cut rates at all. Technology sector remained in focus after Samsung Electronics Co.’s earnings beat estimates, and megacap US companies boosted bets on the artificial intelligence theme. Investors also got a chance to price in tech companies spending on artificial intelligence after earnings from megacaps. Three bellwethers – Alphabet Inc., Meta Platforms Inc. and Microsoft Corp. — together racked up some $78 billion in capital expenditures last quarter. That’s up 89% from a year earlier. Their earnings were mixed. Meta Platforms shares fell 7.4% in extended trading while Alphabet jumped 6.7%. Microsoft fell almost 4%. Earlier in the US trading day, Nvidia Corp. became the first company to reach $5 trillion in market valuation. US After Hours Some big tech names reported - GOOG +6% is higher; EBAY -7.6%, META -7.6%, KLAC -3.7%, MSFT -3.7% trade lower; FMC -24.9%, CMG -15.6%, TMDX -11.4%, CVNA -8.8%, PI -8.8% also lower.
Nikkei +0.04% Hang Seng -0.61% CSI -0.59% Shanghai -0.57% Shenzen -1.06%
Eur$ 1.1629 CNH 7.1022 CNY 7.1027 JPY 152.97 GBP 1.3213 CHF 0;7983 RUB 79.9702 TRY 41.9484 WTI$ 60.11 -0.63% Gold 3,960 +0.82% BTC 110,163 -1.16% ETH 3,908 -1.13%
S&P -0.06% Nasdaq -0.06% EuroStoxx +0.14% FTSE -0.23% Dax +0.20% SMI
Macro :
- Italy Ready to Amend ‘Golden Power’ Rules to Appease EU: Rtrs
- UK Tax Speculation to Slow Homebuilding Into 2026, Survey Says
- OpenAI Aims for IPO Filing in 2026, Listing in 2027: Reuters
- US Delays China Port-Fee Talks as Focus Turns to Shipbuilding
Keep an eye on :
Keep an eye on :
- ABI BB : AB InBev 3Q Adjusted Ebitda Beats Estimates, AB InBev Announces $6 Billion Buyback as Volumes Decline
- AIR FP : Airbus Ebit Beats, Delivery Target Maintained
- AIXA GY : Aixtron 3Q Revenue Misses Estimates
- AMZN US : Amazon Announces Its Key Cloud-Computing Client Anthropic Will Double Its Investment In The E-Commerce Company's Artificial
- AMP IM : Amplifon 3Q Adjusted Ebitda Misses Estimates
- ANDR AV : Andritz 3Q Revenue Misses Estimates
- ARCAD NA : Arcadis 3Q Oper Ebitda EU132M Vs. EU137M Y/y
- ARGX BB : Argenx 3Q Vyvgart Sales Beat Estimates
- ASM NA : ASM Intl Holder Tokyo Electron Offers 400,000 Shares, ASM International Offering Prices at EU543/Share
- ASM NA : ASM Intl Holder Tokyo Electron Offers 400,000 Shares, ASM International Offering Prices at EU543/Share
- AVOL SW : Avolta 3Q Organic Revenue Misses Estimates
- BBVA SM : BBVA 3Q Net Income Meets Estimates, BBVA to Start Buyback Announced in January for as Much as €993M
- BFSA GY : Befesa 3Q Adjusted Ebitda Meets Estimates
- BHC CN : *BAUSCH SHARES CLIMBS 8.3% POSTMARKET IN NEW YORK AFTER RESULTS
- BCP PL : BCP 9M Net Income EU775.9M Vs. EU714.1M Y/y
- BA US : Boeing Books $4.9 Billion Charge As 777X Jet Faces New Delay
- BT/A LN : Virgin Media O2 in Talks for £2B Takeover of Netomnia: FT
- CPR IM : Campari 3Q Adjusted Ebit Beats Estimates
- CA FP : Carrefour Brasil Approves Sale-Leaseback of 22 Properties
- CMG US : Chipotle Shares Tumble on Reduced FY Comp Sales Outlook
- CICN SW : Cicor Announces Firm Intention to Make Offer for TT Electronics
- CLN SW : Clariant 3Q Adjusted Ebitda Beats Estimates
- ACA FP : Credit Agricole 3Q Net Income Beats Estimates
- DBK GY : *DEUTSCHE BANK’S US DISTRESSED DESK RECORDS $200 MILLION PROFIT
- DBV FP : DBV Technologies to Raise $30 Million via Issue of American Depositary Shares
- DSFIR NA : DSM-Firmenich 3Q Adjusted Ebitda Meets Estimates, DSM-Firmenich Cuts FY Adjusted Ebitda Forecast
- ELUXB SS : Electrolux 3Q Operating Profit Misses Estimates
- EPR NO : Europris 3Q Net Income Beats Estimates
- ERA FP : Eramet Narrows FY Capital Expenditure Forecast
- FLOW NA : Flow Traders 3Q Net Trading Income Misses Estimates
- FDR SM : Fluidra 9M Net Income EU163M Vs. EU123M Y/y
- GALD SW : Galderma Rally Puts Zurich Top of European Rankings
- GRMN US : Thailand Approves 3b Baht Investment by Garmin to Set Up Factory
- GOOGL US : Alphabet 3Q Revenue Ex-TAC Beats Estimates, Alphabet Gains With Cloud a Highlight of Results: Street Wrap
- HNSA SS : Hansa Biopharma 3Q Net Revenue Misses Estimates
- HFG GY : HelloFresh 3Q Revenue Misses Estimates
- IDIA SW : Idorsia 3Q Operating Loss CHF41M, Est. Loss CHF52M
- IDR SM : Indra 3Q Net Income Beats Estimates
- INGA NA : ING 3Q Net Income Beats Estimates
- INTRUM SS : Intrum 3Q Adjusted Ebit SEK1.23B Vs. SEK950M Y/y
- INVP LN : India Said to Reject SBI Plan to Raise Stake in Investec Unit
- IG iM : Italgas 3Q Adjusted Net Income EU178.3M Vs. EU120.2M Y/y
- IVN CN : Ivanhoe Mines 3Q Exploration/Project Spendings Beats Estimates
- JMT PL : J. Martins 3Q Net Sales & Services Meet Estimates
- KESKOB FH : Kesko 3Q Net Sales Match Estimates
- KLAC US : KLA Corp Falls as Outlook ‘Failed to Impress’: Street Wrap
- KOG NO : Kongsberg Plans to Demerge & List Kongsberg Maritime in Oslo
- KBX GY : Knorr-Bremse 3Q Ebit Misses Estimates
- KTN GY : Kontron FY Revenue Forecast Misses Estimates
- LHA GY : Lufthansa 3Q Adjusted Ebit Beats Estimates
- MELI US : MercadoLibre 3Q Net Revenue Beats Estimates
- META US : Meta Falls With Investors ‘Spooked’ by Spending
- MSFT US : MSFT 1Q Azure & Other Cloud Rev Ex-FX Beats Estimates, Microsoft Dips as Results Don’t Meet High Hopes
- MC US : Moelis & Co 3Q Adjusted EPS Beats Estimates
- NETC DC : Netcompany 3Q Revenue Beats Estimates
- NETC DC : Netcompany Updates Long-term Financial Targets
- DNORD DC : Norden 3Q Ebit $37.9M
- ORIOLA FH : Oriola 3Q Net Sales Meet Estimates
- ONTEX BB : Ontex 3Q Adjusted Ebitda Misses Estimates
- Open AI IPO : OpenAI Aims for IPO Filing in 2026, Listing in 2027: Reuters
- PAnini IPO : Panini Mandates Citi to Look for Potential Investors: Corriere
- PLX FP : Pluxee FY Recurring Ebitda Meets Estimates
- PRU LN : Prudential Says Regional CEO John Cai to Leave on Oct. 31
- PRY IM : Prysmian 3Q Revenue Beats Estimates
- RECT BB : Recticel 3Q Sales Miss Estimates
- RCO FP : Remy Cointreau 2Q Organic Revenue Misses Estimates, CUTS GUIDANCE ON CHINA, US CONDITIONS
- REP SM : Repsol 3Q Adjusted Income Beats Estimates
- RIVN US : Rivian Won’t Tap Loan Before Plant Construction Starts
- RWE GY : RWE, QatarEnergy, Shell Trade Dec.-Jan. Cargoes to Asia Via MOC
- 005930 KS : Samsung’s Chip Profit Soars After AI Fuels Demand for Memory
- SANOMA FH : Sanoma 3Q Revenue Meets Estimates
- SDZ SW : Sandoz Group Sees FY Core Ebitda Margin 21% to 22%, Est. 21%
- SCATC NO : Scatec 3Q Consolidated Ebitda Misses Estimates
- SU FP : Schneider Electric 3Q Organic Revenue Beats Estimates, Schneider Electric Sales Jump on AI, Grid Infrastructure Demand
- G24 GY : Scout24 Sees FY Rev. Mid to High End of +14% to +15%
- SIGN SW : SIG Group Sees FY Revenue in Constant Currency 0% to +2%
- GLE FP : SocGen 3Q Net Income Beats Estimates
- SB1NO NO : SpareBank 1 Sor-Norge 3Q Pretax Profit Beats Estimates
- STAN LN : StanChart Raises Outlook as Quarterly Profit Beats Estimate
- SBUX US : Starbucks 4Q Comparable Sales Beat Estimates
- STLA US : Stellantis 3Q Net Revenue Meets Estimates: Snapshot
- TE FP : Technip Energies 3Q Adjusted Revenue Misses Estimates
- TEN IM : Tenaris 3Q EPS Beats Estimates, Tenaris Shows ‘Resilience’ in Strong Third Quarter: Street Wrap
- TTG LN : Cicor Announces Firm Intention to Make Offer for TT Electronics
- RBI AV : Raiffeisen 3Q Net Interest Income Ex Russia Beats Estimates
- RIG US : Transocean 3Q Adjusted EPS Beats Estimates
- UBXN SW : U-blox CEO Stephan Zizala to Step Down End of 2025
- UMG NA : Universal Music Settles With AI Music Platform Udio
- VOD LN : Vodafone Group PLC: Vodafone to Buy Skaylink
- VONN SW : Vontobel 9M Net Inflows CHF3.2B, Vontobel to Sell Cosmofunding to Zuercher Kantonalbank; No Terms
- VOS GY : Vossloh 9M Ebit EU76.2M Vs. EU77.1M Y/y
- VOW GY : Volkswagen Workers in Tennessee Vote to Authorize Strike
- VOW GY : VW 3Q Operating Loss EU1.30B, Est. Profit EU2.11B
- WCH GY : Wacker Chemie 3Q Ebitda Beats Estimates
- WG/ LN : Wood Group Expects to Publish FY24 Results by Oct. 31
- WPP LN : WPP Slashes Sales Guidance, New CEO Promises Strategy Overhaul
- YIT FH : YIT 3Q Adjusted Operating Profit Beats Estimates, YIT Narrows FY Adjusted Operating Profit Forecast