Stocks climbed to a record after President Donald Trump signaled progress toward a final agreement with Iran, adding fresh momentum to markets already buoyed by a rally in technology shares. Crude oil declined. MSCI’s gauge for Asian equities advanced 1.8% to an all-time high with technology shares leading gains on renewed optimism for the artificial intelligence trade. The Kospi index in South Korea, a poster child for AI investments, jumped more than 6% to a record, with Samsung Electronics Co. surging 15% to reach a valuation of $1 trillion, the second Asian company to attain that mark. Brent fell 1.7% to about $108 a barrel on speculation tensions in the Middle East will ease following Trump’s comments. Meanwhile the yen surged 1% against the dollar. The US currency also weakened against all its Group-of-10 peers. MSCI’s index of global stocks also advanced to a record as cheaper oil bolstered expectations for easing inflation and stronger growth. Wall Street gauges also closed at all-time highs on Tuesday. Stronger-than-expected earnings from Advanced Micro Devices Inc. and Super Micro Computer Inc. after the US close added to risk appetite, with futures for the Nasdaq 100 Index rising 0.6%. With geopolitical risk premiums easing, the prospect of lower energy costs and reduced uncertainty improved the outlook for global growth, reinforcing support for equities even at record levels. The backdrop also dovetailed with a revival in the AI trade, as easing inflation pressures and improved sentiment bolstered expectations for stronger corporate earnings. Trump said he would pause a US-led effort to help stranded ships exit the Strait of Hormuz to see if an agreement with Iran to end the war could be reached. The president cited “Great Progress” toward a complete and final agreement with Iran. Jason Pang of JPMorgan Asset Management says that “higher oil for longer will translate into a more hawkish bias” among central banks in Asia. However, he added that a US blockade of ships transiting to and from Iranian ports would “remain in full force and effect.” It was not clear what progress Trump referred to, and he didn’t provide details on what, if any, negotiations were in the works. His comments marked an abrupt shift from recent days when he had voiced frustration over the pace of talks and indicated he wasn’t satisfied with Tehran’s proposals. Elsewhere, China’s benchmark CSI 300 Index rose 1.5% as trading resumed after local holidays. Meanwhile, cheaper oil lifted the debt market with US long bonds rebounding during the New York session. That sent the 30-year yield back below 5%. Even so, bond traders are boosting wagers that the Federal Reserve’s next policy move may be an interest-rate hike rather than a cut. There will be no cash trading in Treasuries during the Asian day due to a holiday in Japan. Treasury futures gained. In other corners of the market, gold rose 1.9% to about $4,640 an ounce and Bitcoin was a touch weaker at about $81,500.
The rebound in global equities from their Iran war lows has been notably narrow, according to JPMorgan Chase & Co. strategists led by Mislav Matejka. That leaves markets primed for broader gains on even modestly positive news, they said. US After Hours AMD +15.3%, SMCI +19.3%, FLEX +15.6%, ADPT +12.5%, VECO +12.2% higher on earnings; UPST -13.6%, ANET -13.4%, FRSH -7.6%, LITE -3.8% lower on earnings; AVTX +49.4% jumps on clinical data.
Nikkei +0.38% Hang Seng +0.79% CSI +1.62% Shanghai +1.27% Shenzen +2.36%
Eur$ 1.1735 CNH 6.8191 CNY 6.8187 JPY 156.16 GBP 1.3589 CHF 0.7799 RUB 75.3965 TRY 45.2290 WTI$ 100.41 -1.82% Gold 4,656 +2.07% BTC 81,264 -0.47% ETH 2,363 -0.79%
S&P +0.31% Nasdaq +0.76% EuroStoxx +0.99% FTSE +1.13 Dax +0.92% SMI +0.89%
Macro :
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- US Utility Threatens to Quit Power Grids on Data Center Rift
- Vornado CEO Appeals to Mamdani to Reverse Griffin ‘Blunder’
- Larry Fink Predicts Birth of Futures Market for Computing Power
Keep an eye on :
Keep an eye on :
- ADYEN NA : Adyen 1Q Net Revenue Meets Estimates
- AD NA : Ahold Delhaize 1Q Adjusted Operating Margin Beats Estimates
- AIR FP : Airbus to Announce AirAsia Order Wednesday: Globe & Mail
- ALSYDB DC : AL Sydbank 1Q Net Income DKK803M Vs. DKK645M Y/y
- ALC SW : Alcon AG 1Q Core EPS Beats Estimates
- AMZN US : Amazon Plans to Invest Over €15b in France Over Three Years
- AMBUB DC : Ambu 2Q Revenue Misses Estimates; Outlook Range Lowered
- AMD US : AMD Gains as Strong Forecast Speaks to AI Demand: Street Wrap
- ANORA FH : Anora 1Q Net Sales Miss Estimates
- ANTIN FP : Antin Assets Under Management EU33.8B
- AEP US : US Utility Threatens to Quit Power Grids on Data Center Rift (1)
- AAPL US : Apple to Let Users Choose Rival AI Models Across iOS 27 Features
- AAPL US : Apple Reaches $250m Settlement Over Delayed ‘AI Siri’: FT
- AKE FP : Arkema 1Q Ebitda Margin Beats Estimates
- ALAB US : Astera Labs 2Q Adjusted EPS Forecast Beats Estimates
- AVTX US : +49% on Phase 2 topline + $375 shares offering
- CS FP : AXA Sees FY Underlying EPS High End of +6% to +8%
- CS FP : AXA Sees FY Underlying EPS High End of +6% to +8%
- BLDP CN : Ballard Power Jumps as Adj. Ebitda Loss Narrower Than Seen
- BAMI IM : Banco BPM’s CEO Castagna Says It’s Studying Potential M&A: Ansa
- BMW GY : BMW 1Q Automotive Ebit Margin Misses Estimates
- BPOST BB : Bnode 1Q Adjusted Ebitda Misses Est; Sees Strike Impact at €15m
- CBT US : Cabot 2Q Adjusted EPS Beats Estimates
- CAPMAN FH : CapMan 1Q Operating Profit Beats Estimates
- CE US : Celanese 2Q Adjusted EPS Forecast Beats Estimates
- Cerebras IPO : Cerebras Requires Limit Orders From IPO Buyers as Demand Grows
- CC US : Chemours Maintains FY Adjusted Ebitda Forecast
- CLAB SS : Cloetta 1Q Operating Profit SEK274M Vs. SEK350.0M Y/y
- CON GY : Continental Maintains FY Adjusted Ebit Margin Forecast, Continental Sticks to Outlook as Iran War Threatens Higher Costs
- COR PL : Corticeira Amorim 1Q Net Income EU15.4M Vs. EU16.4M Y/y
- COTY US : Coty 3Q Net Revenue Matches Estimates
- CPNG US : Coupang Warns of 2026 Slowdown After Data Breach Hits Spending
- CTEK SS : CTEK 1Q Sales Miss Estimates
- CYTK US : Cytokinetics Maintains FY Operating Expense Forecast, Cytokinetics to Offer About $650m of Shares
- DTG GY : Daimler Truck Maintains FY Industrial Business Revenue Forecast, Daimler Truck Flags Tariff Risks and Uncertainty Around Iran War
- DVN US : Devon 1Q Core EPS Misses Estimates
- DGE LN : Diageo Keeps Expectations Unchanged
- DSFIR NA : DSM-Firmenich 1Q Net Sales EU2.28B Vs. EU2.34B Y/y
- EDP PL : EDP Renovaveis 1Q Net Income EU70M Vs. EU52M Y/y
- EDP PL : EDP Weighs Sale of US Unit Focused on Small-Scale Solar Power
- ETR US : Entergy Offers $2.18 billion of Common Shares
- EOLUS BB : Eolus 1Q Sales Miss Estimates
- EQNR NO : Equinor 1Q Adjusted Operating Income After Tax Beats Estimates
- EVT GY : Evotec 1Q Adjusted Ebitda Loss EU21.9M
- FDR SM : Fluidra 1Q Net Income Misses Estimates
- FRE GY : Fresenius Posts Narrow Profit Miss Amid Headwinds From China
- GOOGL US : Anthropic to Spend ~$200B With Google Over 5 Years: Information --> +1.6%
- GUBRA DC : Gubra 1Q Rev DKK75.8M, Cuts CRO External Revenue Growth Outlook
- GXO US : GXO Logistics Boosts FY Adjusted EPS Forecast
- HEI GY : Heidelberg Materials 1Q Oper Ebitda Meets Estimates
- HFG GY : HelloFresh 1Q Adjusted Ebitda Beats Estimates
- HAG GY : Hensoldt 1Q Adjusted Ebitda Meets Estimates, Hensoldt CEO Says Trump Pulling Troops Adds Pressure on Germany
- HKFOODS FH : HKFoods 1Q Sales Above Estimates
- HOFI SS : Hoist Finance 1Q Pretax Profit SEK394M Vs. SEK332M Y/y
- IDR SM : *SPAIN VETOES INDRA'S ACQUISITION OF ESCRIBANO: EL CONFIDENCIAL
- IFX GY : Infineon Sees 3Q Revenue About EU4.1B, Est. EU4.05B
- ITP FP : Interparfums 1Q Net Sales Meet Estimates
- DEC FP : JCDecaux 1Q Adjusted Revenue Misses Estimates
- JDW LN : J D Wetherspoon Says Performance is Slightly Below Market Views
- JOBY US : Joby Aviation 1Q Net Loss $110.0M, Est. Loss $194.9M
- JAZZ US : Jazz Pharma Maintains FY Revenue Forecast
- JYSK DC : Jyske 1Q Net Interest Income Meets Estimates
- KCO GY : Kloeckner Sees 2Q Adjusted Ebitda EU40M to EU80M
- KOG NO : Kongsberg 1Q Orders NOK26.54B
- SKB GY : Koenig & Bauer 1Q Revenue EU260.2M Vs. EU252.2M Y/y
- LDO IM : Leonardo 1Q Orders Beats Estimates
- LIAB S : Lindab 1Q Operating Profit Misses Estimates
- LOGN SW : Logitech 4Q Adjusted EPS Beats Estimates
- LTMC IM : Lottomatica 1Q Revenue EU600.0M Vs. EU584.5M Y/y
- LCID US : Lucid Suspends EV Production Forecast as New CEO Launches Review
- LHA GY : Lufthansa 1Q Adjusted Ebit Loss EU612M, Est. Loss EU650M
- LUMN US : Lumen to Buy Alkira for $475m in All-Cash Transaction - 7%
- LUMO FH : Lumo Kodit Oyj 1Q Revenue Misses Estimates
- LUOTEA FH : Luotea 1Q Sales Under Estimates
- META US : Meta Plans Advanced ‘Agentic’ AI Assistant for Consumers: FT
- MTCH US : Match Group 1Q EPS 68C Vs. 44C Y/y
- MSFT US : Microsoft Adds Capabilities in Cowork, Available on iOS, Android
- NETC DC : Netcompany 1Q Revenue Beats Estimates
- NXT LN : Next Boosts FY Pretax Profit Forecast, Matches Estimates
- NWSA US : James Murdoch Makes $300 Million Offer for NY Magazine, Podcasts
- DNORD DC : Norden 1Q Ebit $22.5M Vs. $38.4M Y/y
- NOVOB DC : Novo 1Q Sales Beat Estimates, Novo Boosts FY Adj. Sales at Cer Forecast
- NVDA US : Nvidia H200 Chip Exports to China Queried in Letter to Lutnick
- OPTOMED FH : Optomed 1Q Revenue Misses Estimates
- ORRON SS : Orron Energy 1Q Ebitda EU4.4M Vs. Loss EU0.9M Y/y
- OUST US : Ouster 1Q Revenue Beats Estimates - -9%in after hours on Earnings
- OXY US : Occidental 1Q Adjusted EPS Beats Estimates: Snapshot
- PNDORA DC : Pandora 1Q Revenue Meets Estimates
- PSKY US : Paramount-WBD Foreign Interests Require Review, FCC’s Gomez Says
- PFE US : Pfizer CEO Says Digging Out of Post-Covid Hole Will Take a Few More Years, *PFIZER DEVELOPING WEIGHT-LOSS DRUGS: WSJ
- PHIA NA : Philips 1Q Adjusted Ebita Beats Estimates, Philips Profit Beats as Med-Tech Firm Weathers War Shock
- RAA GY : Rational 1Q Ebit Beats Estimates
- RDC GY : Redcare Pharmacy NV 1Q Adjusted Ebitda EU14.4M Vs. EU9.1M Y/y
- RNK G Y : *Renk Slide Bearings 1Q Revenue EUR30.2M
- RXL FP : Rexel Starts Offer of Convertible Bonds Due 2031 for €400M
- RIVN US : Rivian Developing Variants of R2 Electric Vehicles: Reuters
- SALME NO : Salmon Evolution Reports 1Q Loss/Shr of NOK 0.08
- SAMPO FH : Sampo Boosts FY Underwriting Profit Forecast; Launches Buyback
- 005930 KS : Samsung Hits $1 Trillion Valuation, Joining TSMC in Elite Club
- SCATC NO : Scatec Cuts FY Proportional Ebitda Forecast, Misses Estimates
- SCR FP : Scor 1Q Solvency Ratio Beats Estimates
- SKAB SS : Skanska Wins $1 Billion Contract in the US
- SN: LN : Smith & Nephew Sees Earnings in Line With Expectations
- SMCI US : SMCI Sees 4Q Net Sales $11.0B to $12.5B, Est. $11.16B -->+9%
- SOLV US : Solventum 1Q Adjusted EPS Beats Estimates
- MSTR US : Strategy 1Q Revenue Beats Estimates
- TBCG LN : TBC Bank Group 1Q Net Income GEL364.7M
- TMV GY : TeamViewer 1Q Adjusted Ebitda EU83.0M
- TOBII SS : Tobii Posts 1Q Operating Loss; In Talks With External Parties
- TVTX US : Travere Offers Up to 1.25% Coupon on Convertible Bond: Terms
- TRVG US : Trivago 1Q Revenue Meets Estimates, Trivago Files Antitrust Damages Claim Against Google In Germany
- UBSG SW : UBS Withholds 22,000 Pages in Nazi Account Probe, Senate Is Told +15.3% in Seoul
- UBXN SW : U-blox Shares to Delist From SIX Swiss Exchange on May 18
- VIE FP : Veolia 1Q Ebitda Matches Estimates, Guidance Confirmed
- VICO SS : Vicore Pharma 1Q Revenue Beats Estimates
- VWS DC : Vestas Beats Profit Estimates as Wind Turbine Orders Swell*Vestas Wind Systems to Launch EUR100M Share Buyback
- VIRI FP : Viridien 1Q Segment Ebitdas $77M Vs. $142M Y/y
- WAWI NO ; Wallenius Wilhelmsen 1Q Ebit Misses Estimates
- ZAL GY : Zalando 1Q Adjusted Ebit Beats Estimates
- ZIM US : 'Israeli $4.5 Billion Takeover Bid Beats Hapag-Lloyd's' Ynet