Global stocks climbed to a record as investors renewed bets on the artificial intelligence trade, driving gains in chipmakers. Oil and the dollar fell on the prospect of an interim US-Iran deal. MSCI’s All Country World Index rose 0.4%, set for another all-time high close, as its Asia Pacific benchmark climbed 2.2%. Australian shares also hit a new peak. The advances came after the S&P 500 and the Dow Jones Industrial Average both closed at all-time highs Tuesday. Equity-index futures indicated further gains for US and European benchmarks. Chip stocks remained in focus, with chip major SK Hynix Inc. climbing 6.4% in Seoul. Nvidia Corp. advanced more than 2% in post-market trading after Elon Musk touted the company’s Vera Rubin chips. However, a cautious tone lingered as SpaceX shares fell 7.5% in extended trading after the company projected higher-than-expected spending on its AI business. Advanced Micro Devices Inc. dropped 9% after giving an underwhelming sales outlook. Brent crude fell 1.1% to about $78.50 a barrel after Axios reported that Washington, Tehran and Oman were nearing an agreement to reopen the Strait of Hormuz, with a Wednesday announcement targeted. Treasuries advanced along with gold as traders curbed expectations for interest-rate hikes. Robust earnings from technology megacaps have helped restore investor confidence after a month of volatility in AI stocks that erased gains at several hedge funds. Traders are also watching whether progress toward reopening the key Middle East shipping route extends the recent decline in oil prices, easing inflation pressures and tempering expectations for Federal Reserve rate hikes. The MSCI World Semiconductor Index had tumbled more than 20% from its peak in June, driven by worries around the sustainability of AI spending boom and progress in China’s advanced chipmaking. The gauge has rebounded 15% since then, taking its gains this year to 42%. Earlier, a US chips gauge posted its strongest four-day gain since 2020. Technology stocks are coming back because the three pressures behind the recent selloff — AI spending concerns, higher bond yields and the increase in oil prices — are all easing at the same time, said Charu Chanana, chief investment strategist at Saxo Markets in Singapore. Strong earnings are reassuring investors that AI demand remains intact, while lower oil and bond yields are taking pressure off valuations, she said. Hopes of a new deal between Iran and the US are rising. Qatar says a proposal has been drafted. Treasury Secretary Scott Bessent says there could be a deal Tuesday or Wednesday to open the Strait of Hormuz. Bloomberg’s Jeff Mason has more. Still, “it’s not an all-clear, especially as returns on AI capex still need to be proven,” Chanana said. “But after leverage and crowded positioning were flushed out, even modest relief can produce an outsized rebound.” Treasuries extended gains from the New York session as signs of progress toward a diplomatic resolution of the Iran war sent oil prices lower. The yield on the benchmark 10-year Treasury edged down one basis point to 4.60%. The dollar, the haven of choice during the Middle East conflict, weakened against most of its Group-of-10 peers. A Bloomberg gauge of the currency’s strength fell 0.1%, a third day of losses. Gold, silver and platinum all rose as the non interest-bearing precious metals benefit when interest rates are not increased. Bullion rose 1.2% to about $4,125 an ounce. Back to geopolitical news, a deal between the US and Iran may help normalize commercial shipping in the strait — a crucial conduit for global energy supplies — and prevent the resumption of fighting in the Middle East. Qatar said a proposal had been drafted, while US and Iranian officials expressed optimism about an agreement to reopen the crucial waterway, weighing on oil prices. US After Hours BKNG +5.9%, APPS +21.7%, QLYS +13.6%, INTA +12.5%, ANET +10.4% higher on earnings; SPCX -7.6%, AMD -8.5%, PINS -8.5% lower on earnings; SGHT +11.2% on FDA 510(k) clearance.
Nikkei +3.08% Hang Seng +0.11% CSI +0.99% Kospi +4.15% Shanghai +1.34% Shenzen +2.31%
Eur$ 1.1538 CNH 6.7463 CNY 6.7476 JPY 157.54 GBP 1.3458 CHF 0.8079 RUB 80.8314 TRY 47.5746 WTI$ 74.94 -1.08% Gold 4,135 +1.04% BTC 64,131 -0.26% ETH 1,866 -0.48%
S&P +0.40% Nasdaq +0.30% EuroStoxx +0.46% FTSE +0.20% Dax +0.62% SMI +0.19%
Macro :
- Chanel Sales Jump 16% as New Collections Boost Label’s Appeal
- Trump Says Iran Talks Going Well as Hopes Rise for Hormuz Deal
Keep an eye on :
Keep an eye on :
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- AMD US : AMD Falls After 2Q Revenue, 3Q Outlooks Underwhelm
- ANA SM : Acciona’s Family Shareholders Hold First Selldown: ECM Watch
- ANA SM : Acciona’s Family Shareholders Hold First Selldown: ECM Watch
- AMGN US : Amgen Lifts Outlook After Blockbuster Sales Top Expectations
- ANTIN FP : JPMorgan Said to Near Deal for Antin’s Cooling Network Provider
- ARWR US : Arrowhead Pharma 3Q Revenue Beats Estimates
- BSL GY : Basler Reports 1H Sales of EUR 152.4 Million, Compared With FactSet Consensus Estimates of EUR 153 Million (1 Est.)
- CE US : Celanese 3Q Adjusted EPS Forecast Misses Estimates
- CC US : Chemours Shares Drop as 2Q EPS, Revenue Miss Estimates
- CE US : Credito Emiliano 2Q Net Income Beats Estimates
- DHL GY : Deutsche Post 2Q Revenue Beats Estimates
- DIS US : Hearst to Buy Disney’s 50% Stake in A+E for ~$1.2b in Cash
- ZIL2 GY : ElringKlinger 2Q Ebit EU28.9M
- EQT SS : EQT’s First Bet From €5 Billion EU Fund is Space Startup Iceye
- EMR US : Emerson Electric 3Q Adjusted EPS Beats Estimates
- FBIN US : Fortune Brands Boosts FY Adjusted EPS Forecast, Beats Estimates
- FRE GY : Fresenius SE 2Q Net Income Excluding Items EU470M
- GILD US : Gilead Sales Beat Expectations on Strong HIV Prevention Growth
- HEIA NA : Heineken 2Q Total Organic Volume Beats Estimates (2)
- IFX GY : Infineon Revenue Forecast Beats as AI Power Chip Demand Rises
- ICOS IM : Intercos 1H Revenue EU512.5M
- ITP FP : Interparfums 2Q Net Sales Meet Estimates
- IPI US : Intrepid Potash 2Q Potash Sales $30.6M Vs. $34.0M Y/y
- KCO GY : Kloeckner Sees FY Adjusted Ebitda EU170M to EU250M
- LSCC US : Lattice Semi 2Q Revenue Beats Estimates
- LNZ AV : Lenzing 1H Ebitda EU239.2M Vs. EU268.6M Y/y
- LCID US : Lucid Shares Sink, Adjusted Ebitda Loss Worse Than Expecte, Lucid CEO Says ‘Tough Medicine’ Needed to Fix Troubled EV Maker
- MTCH US : Match Group 2Q Revenue Meets Estimates
- MAT US : Mattel 2Q Adjusted EPS Misses Estimates
- MAU FP : Gran Tierra to Sells Assets to Maurel & Prom for $1.33b Value
- MOS US : Mosaic Sees 3Q Phosphates Sales Volumes 1.1M to 1.4M Tonnes
- NOVOB DC : Novo Nordisk Boosts FY Adj. Sales at Cer Forecast
- NVDA US : Nvidia Gains After Musk Touts SpaceX Computing Plans
- ORRON SS : Orron Energy 2Q Revenue EU3.3M
- PSKY US : Paramount Sees FY Adjusted Ebitda $3.80B to $3.90B
- PEN LN : Pennant Buys River Centre Assisted Living in Tucson, Arizona
- PG US : Procter & Gamble to Buy Thorne for $3.8 Billion in Cash
- SDZ SW : Sandoz Group 2Q Net Sales Meet Estimates
- SHA0 GY : Schaeffler 2Q Adjusted Ebit Meets Estimates Schaeffler Expands Partial Retirement Offer in Germany
- ENR GY : Siemens Energy Forecasts FY Results, Siemens Energy Targets Top End of Outlook Range on Record Orders
- SPCX US : SpaceX Shares Drop After AI Drives Spending Higher
- SPCX US : SpaceX Flags Big Ambitions to Take On AT&T, Verizon and T-Mobile
- TRVG US : Trivago 2Q Revenue Beats Estimates
- VSAT US : Viasat Shares Drop After 1Q Revenue Misses Estimates
- VOE AV : Voestalpine 1Q Ebitda Beats Estimates
- VNA GY : Vonovia 1H Adjusted Ebitda EU1.46B Vs. EU1.42B Y/y