Asian stocks rose, poised for their fourth gain in five weeks, as optimism around artificial intelligence propelled global equities to fresh records. MSCI’s regional share gauge advanced 0.3% with Japanese technology stocks leading the charge. Hitachi Ltd. climbed the most since April after teaming up with OpenAI while Fujitsu Ltd. jumped over 4% on a partnership with Nvidia Corp. Shares retreated in Hong Kong. Investors are cheering a wave of AI alliances, wagering that the billions pouring into the sector will translate into profits and extend gains in tech shares. The rally underscored how bullish momentum in the sector is overshadowing concerns about the Trump administration’s plan to cut “thousands” of federal jobs amid the second day of a government shutdown. In other corners of the market, gold headed for a seventh weekly advance while oil was on track for its biggest weekly decline since late June, ahead of an OPEC+ meeting that’s expected to result in the return of more idled barrels. A Bloomberg gauge of the dollar held its gains from the prior session while Treasuries edged lower with the yield on the 10-year gaining one basis point to 4.09%. The yen weakened against the dollar after Bank of Japan Governor Kazuo Ueda kept his policy options open by reiterating the bank’s long-held stance on interest rates, avoiding sending any clear signals about the prospects for a rate hike when the board meets later this month. Tech stocks got a fillip after OpenAI completed a deal to sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup. A combination of stable commodity prices, interest-rate cuts by the Federal Reserve and a range-bound dollar are boosting market sentiment, Homin Lee, Lombard Odier senior macro strategist, said in a Bloomberg TV interview. Elsewhere, Treasury Secretary Scott Bessent predicted a “pretty big breakthrough” in the next round of trade talks with China. The comments come as the Trump administration takes steps to support US farmers hurt by a decline in Chinese purchases. Traders were also contending with the temporary blackout in economic readouts after Thursday’s weekly initial jobless claims numbers were delayed by the government closure. The Bureau of Labor Statistics’ nonfarm payrolls data on Friday will also likely be delayed amid the shutdown. US After Hours RUM +9.5% nicely higher on new partnership with Perplexity; AMAT -3.6% slides after new BIS Affiliates Rule expected to reduce revenue.
Nikkei +1.74% Hang Seng -0.73% CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1725 CNH 7.1367 CNY 7.1214 JPY 147.67 GBP 1.3443 CHF 0.7975 RUB 82.4664 TRY 41.6681 WTI$ 60.82 +0.56% Gold 3,846 -0.28% BTC 12,342 -0.31% ETH 4,508 +0.30%
S&P +0.22% Nasdaq +0.28% EuroStoxx +0.16% FTSE +0.16% Dax +0.20% SMI +0.23%
Macro :
- Bitcoin Hits $120,000 for First Time Since Reaching Record High
- AQR’s Multistrategy Gains 15.6% as Quant Trades Stage a Comeback
- Bridgewater Soars 26% to Lead Pack of Biggest Hedge Funds
- Judge Keeps DC National Guard Legal Fight Moving During Shutdown
- Munich Airport Suspends Flights Due to Drone Sightings
- Typhoon Strengthens as It Hits Philippines, on Track to China
- Short seller Jim Chanos predicts more First Brands fiascos in private credit - FT
- Norwegian Salmon Export Value Rises 2% as Volumes Shrink
Keep an eye on :
Keep an eye on :
- ALSN SW : Also Shrinks Management Board to 4 From 8 Members
- ALV GY : Pimco President Says Private Credit Fundraising ‘A Little Slow’
- AMAT US : Applied Materials Drops as $600m Hit to FY26 Net Revenue Seen
- AAPL US : Apple Pulls ICE-Tracking Apps on Justice Department’s Urging
- AZN LN : AstraZeneca’s US listing to leave £200mn UK stamp duty hole - FT
- BAKKA NO : Bakkafrost Prelim 3Q Farming Harvest in Faroes Island Beats Est.
- BBVA SM : BBVA Files Complaint To Regulator CNMV Against Sabadell: Pais
- BA US : Boeing Starts Next Phase of Contingency Plan Amid IAM 837 Strike
- BA US : Boeing Starts Next Phase of Contingency Plan Amid IAM 837 Strike
- BA US : Boeing 777X Said to Slide Into 2027, Driving Billions in Charges
- BC IM : Brunello Cucinelli Addresses and Rejects Short Seller’s Russia Al - WWD
- CLN SW : Clariant Rejects Allegations From BP Europe, ExxonMobil
- COIN US : Coinbase Raised to Buy at Rothschild & Co Redburn; PT $417
- CRVS US : Corvus Pharmaceuticals Appoints David Moore to Board of Directors
- CVC NA : CVC buys into private school group at triple 2021 valuation
- CVC NA : CVC to Buy 20% Stake in International Schools Partnership
- DBV FP : ADR +21.65% in the US --> 2,08
- DBK GY : Deutsche Bank needs Germany’s fiscal bazooka to have perfect aim - FT
- ERJ US : Embraer 3Q Aircraft Deliveries 62 Jets Vs. 57 Y/y
- EGTX SS : Egetis Therapeutics Offering of Shares Prices at SEK5.10/Share
- EXPN LN : Experian and Peers Tumble on FICO’s Direct Approach: Street Wrap & FT
- ITX SM : How Uniqlo Is Mapping Out the ‘Next Era of Clothing’ Through Circularity - WWD
- JAZZ US : Jazz, Genentech Get Nod for Lurbinectedin Combination
- KER FP : Alessandro Michele on Reshaping Valentino Amid Industry Shifts, Financial Pressures - WWD
- LR FP : Legrand Agrees to Buy Avtron Power Solutions for $1.125B
- META US : Meta's new Superintelligence Labs executive is pushing staff to ditch slow internal systems for faster engineering tools
- NVDA US : Delays to Trump's U.A.E. Chips Deal Frustrate Nvidia's Jensen Huang -- WSJ
- OXY US : Occidental Swears Off New Big Deals Post-Berkshire Chemical Sale
- ORCL US : Oracle Investigating Hacks of Its Customers’ E-Business Suite
- PGHN SW : CVC to Buy 20% Stake in International Schools Partnership
- RBI AV : EU plans to hand Deripaska-linked assets to Raiffeisen
- ROG SW : Roche’s Tecentriq Plus Lurbinectedin Gets FDA Approval
- ROG SW : Roche Board’s Süssmuth Dyckerhoff Won’t Stand for Reelection
- RUM US : Rumble, Inc.: Rumble and Perplexity Enter into a Strategic Partnership --> +15% after hours
- SAB SM : BBVA Files Complaint To Regulator CNMV Against Sabadell: Pais
- SGO FP : St-Gobain in Pact to Sell Tumelero to Brazilian Group GG10
- TEF SM : America Movil, Entel Make Joint Bid for Telefonica’s Chile Unit
- TSLA US : Tesla, Elon Musk On The Defensive As Questions Arise Over Trillion-Dollar Pay Package, $500 Billion Fortune
- UBSG SW : UBS Funds Face $500 Million Exposure in First Brands Bankruptcy