Stocks rebounded as dip buyers stepped in after a brief pullback in global equities, sparked by concerns over lofty valuations in technology companies. Asian equities rose 1.1% after their steepest two-day decline since April, with Hong Kong and Japan among the biggest gainers. All but one of 11 industry groups in the index advanced, with more than two stocks gaining for every one that fell. Softbank Group Corp. shares rose 1% after news that it explored a potential takeover of US chipmaker Marvell Technology Inc. earlier this year. Gains in Asia followed a Wall Street recovery, where investors returned to some of the biggest beneficiaries of the AI boom after Tuesday’s selloff. Futures on the S&P 500 and Nasdaq 100 indexes edged lower by 0.1%. Qualcomm Inc. shares fell 2.6% in late trading, becoming the latest chipmaker to deliver an upbeat forecast and still leave investors underwhelmed. European stocks were set for a tepid open. After a brief pullback that stirred concerns about stretched valuations, buyers returned as strong earnings momentum and upbeat private economic data lifted stocks. The shift in sentiment came after the global equity rally hit a speed bump earlier this week, when Wall Street executives cautioned that lofty valuations could trigger a correction. Concerns about a narrowing cohort of stocks driving equity gains have become louder, while a pivot in the Federal Reserve’s commentary dented optimism about interest-rate cuts. Meanwhile, President Donald Trump’s use of broad powers to impose his signature tariffs faced questions at the Supreme Court, which appeared skeptical of the sweeping global levies. Trump announced the century-high levies in April as part of his economic policy to reshape global trade. In a nearly three-hour hearing Wednesday, the court hinted it was ready to put significant limits on Trump’s far-reaching agenda for the first time since he took office in January. While the importance of this case and the likelihood of a close split on the court argue for lengthy deliberation, the expedited consideration of the case and likely desire to avoid even larger eventual refunds imply that the court is likely to rule in December or January, Goldman Sachs Group Inc. economists including Alec Phillips wrote in a note. Elsewhere, gold extended its gains, while oil edged up after three days of losses. The dollar fell slightly against all Group-of-10 peers, with the yen gaining the most. Treasuries rose ahead of speeches from a slew of Fed officials as traders seek clues on the Fed’s rate trajectory. Meanwhile, the number of Chinese companies in MSCI Inc.’s global stock gauges climbed for the first time in nearly two years, setting up the market for more inflows from passive investors. US After Hours SNAP +15.3% sharply higher on earnings and partnership with Perplexity; RXST +23.3%, APP +5.4%, IONQ +5.4% higher on earnings; AEVA +8.4% higher on Apollo investment; ACVA -23.1%, DUOL -22.2%, ELF -21.6% under pressure after earnings.
Nikkei +1.39% Hang Seng +1.74% CSI +1.42% Shanghai +0.92% Shenzen +1.14%
Eur$ 1.1508 CNH 7.1283 CNY 7.1243 JPY 153.95 GBP 1.3058 CHF 0.8094 RUB 81.3500 TRY 42.1069 WTI$ 59.80 +0.34% Gold 3,985 +0.15% BTC 103,309 -0.34% ETH 3,390 -1.50% SOL 159.48 -1.50%
S&P -0.10% Nasdaq -0.20% EuroStoxx -0.09% FTSE -0.05% Dax +0.02% SMI -0.02%
Macro :
- MSCI Adds 69 Companies, Removes 64 From Global Index in Review
- *US MAY CUT AIR TRAFFIC 10% BY FRIDAY AT 40 MAJOR AIRPORTS: RTRS
- *US MAY CUT AIR TRAFFIC 10% BY FRIDAY AT 40 MAJOR AIRPORTS: RTRS
- Satellite Hunt for Superpollutant Wins $100 Million New Funding
Keep an eye on :
Keep an eye on :
- ADEN SW : Adecco 3Q Revenue Meets Estimates, Adecco Names Valentina Ficaio CFO as of Jan. 1
- AIR FP : Turkish Airlines Inks GE Engine Deal for 75-Plane Boeing Order
- AF FP : Air France-KLM 3Q Operating Income Misses Estimates
- AKSO NO : Aker Solutions Secures Significant Contract From ExxonMobil
- AKTIA FH : Aktia Bank 3Q EPS Misses Estimates
- ALB US : Albemarle 3Q Net Sales Beat Estimates
- AMG NA : AMG Boosts FY Ebitda Forecast
- ANTIN FP : Antin Assets Under Management EU33.3B Vs. EU33.0B Q/Q
- AAPL US : *APPLE TO USE 1.2 TRILLION PARAMETER GOOGLE MODEL TO POWER SIRI
- MT NA : ArcelorMittal 3Q Ebitda Beats Estimates
- ARMM US : ARM Holdings 3Q Revenue Forecast Beats Estimates
- AUTO NO : Autostore 3Q Revenue Beats Estimates
- BAMNB NA : BAM Maintains FY Adjusted Ebitda Margin Forecast
- BPE IM : BPER Banca 3Q Revenue EU1.79B Vs. EU1.37B Y/y
- BRNK GY : Branicks 9M FFO/Share EU0.40 Vs. EU0.43 Y/y
- BTY/A LN : BT 1H Adjusted Ebitda Beats Estimates
- CAMAN FH : CapMan 9M Operating Profit EU17.2M
- CAMX SS : Camurus Cuts FY Revenue Forecast, Misses Estimates
- CBK GY : Commerzbank Boosts FY Net Interest Income Forecast
- CTPNV NA : CTP 9M Net Rental Income EU549.0M Vs. EU475.9M Y/y
- CON GY : Continental 3Q Adjusted Ebit EU565M Vs. EU664M Y/y
- COTY US : Coty Shares Jump on Forecast for Second-Half Growth Recovery
- CYTK US : Cytokinetics 3Q Total Revenue Misses Estimates
- DEZ GY : Deutz Cuts FY Revenue Forecast, Misses Estimates
- DFDS DC : DFDS Cuts FY Outlook, Starts Cost Cut Plan, CEO Succession
- DBAN GY : Deutsche Beteiligungs Maintains FY NAV/Shr Forecast
- DHL GY : Deutsche Post 3Q Ebit Beats Estimates
- DIA IM : DiaSorin 3Q Adjusted Ebitda Misses Estimates
- DIA IM : DiaSorin 3Q Adjusted Ebitda Misses Estimates
- DASH US : DoorDash 3Q Marketplace GOV Beats Estimates, DoorDash Drops After Ebitda Forecast Disappoints
- DNO NO : DNO 3Q Operating Profit Meets Estimates, Aker BP Asset Deal
- DSFD DC : DFDS Cuts FY Ebit Forecast
- DOCM SW : DocMorris Starts Tender Offer Period for 2026 Convertibles
- DOV IM : DoValue to Buy Stake of 5.1% in Alba Leasing From BPER Group
- ED US : Con Edison Enters $222M Electric Rate Hike Proposal for 2026
- ELF US : Elf Beauty Shares Sink as FY EPS, Sales Guide Underwhelm
- ENGI FP : Engie Upbeat on Earnings Outlook Despite Lower Nine-Month Profit
- EQT SS : EQT-Backed Biotech Firm Evommune Raises $150 Million in IPO
- RF FP : Eurazeo Assets Under Management EU37.40B Vs. EU35.54B Y/y
- EVMN US : EVOMMUNE IPO : *EVOMMUNE IPO PRICES AT $16 PER SHARE
- FIE GY : Fielmann 3Q Sales Beat Estimates; Confirms 2025 guidance
- FFARMA NA : ForFarmers 3Q Adjusted Ebitda +47.1%
- FNTN GY : Freenet 9M Revenue EU1.83B
- GLPG NA : Galapagos 9M Revenue EU211.4M Vs. EU200.2M Y/y
- G1A GY : GEA Group 3Q Revenue Meets Estimates
- GN DC : GN Store Nord 3Q Revenue Meets Estimates
- GOOGL US : Google is in early talks to deepen its investment in Anthropic
- HABA GY : Hamborner REIT Maintains FY Rental Income Forecast
- HARVIA FH : Harvia 3Q Adjusted Operating Profit Beats Estimates
- HEI GY : Heidelberg Materials Forecasts FY Results
- HTWS LN : Helios Towers 3Q Adjusted Ebitda Beats Estimates
- HEN3 GY : Henkel 3Q Organic Sales Miss Estimates
- HEX NO : Hexagon Composites 3Q Ebitda Loss NOK54M, Est. Loss NOK36.5M
- HUBS US : HubSpot Boosts FY Adjusted EPS Forecast, Beats Estimates
- IMCD NA : IMCD 9M Revenue EU3.68B Vs. EU3.58B Y/y
- INGA NA : ING CEO Sees Room to Grow in Italy Through M&A: Sole
- INS GY : Instone Real Estate 9M Adjusted Ebit EU35.2M Vs. EU45.4M Y/y
- IPI US : Intrepid Potash 3Q Adjusted EPS Misses Estimates
- ITV LN : ITV 9M Total External Rev. GBP2.40B
- IVG IM : Iveco 3Q Industrial Adj. Ebit Misses Estimates, Iveco Cuts FY Consolidated Adjusted Ebit Forecast
- LXS GY : Lanxess Sees FY Adjusted Ebitda Low End of EU520M to EU580M
- LR FP : Legrand 3Q Organic Revenue Misses Estimates
- LNZ AV : Lenzing 9M Net Loss EU105M Vs. Loss EU111.1M Y/y
- LOG SM : Logista FY Adjusted Ebit Beats Estimates
- LYFT US : Lyft Sees 4Q Gross Bookings About $5.01B to $5.13B
- MAERSKB DC : Maersk 3Q Ebitda Beats Estimates
- MRVL US : SoftBank Said to Have Weighed Potential Takeover of Marvell (1)
- MB IM : Mediobanca 1Q Revenue Misses Estimates
- MET US : MetLife 3Q Adjusted EPS Beats Estimates
- MTSR US : Pfizer Submits Bid for Metsera Matching Novo Nordisk’s: FT
- Nexperia : Nexperia Says It Halted Supply After China Unit Refused to Pay
- 7201 JP : Nissan to Book 73.9b Yen Gain on Headquarters Sale
- NDX1 GY : Nordex Gets Order for 68MW From EnBW for German Wind Farm
- NOVOB DC : Novo Nordisk’s Bid for Metsera Draws Attention of FTC Staff
- PFE US : Pfizer Loses Legal Bid to Temporarily Block Novo’s Metsera Offer
- PHARM NA : Pharming Boosts FY Revenue Forecast
- BPSO IM : Pop. Sondrio 3Q Total Income EU418.9M Vs. EU417.1M Y/y
- QCOM US : Qualcomm 1Q Revenue Forecast Beats Estimates
- RAA GY : Rational 3Q Ebit Margin Beats Estimates
- RECSI NO : REC Silicon 3Q Revenue $16.9M Vs. $19.9M Q/Q
- RHM GY : Rheinmetall 9M Sales EU7.5B, Rheinmetall Maintains Outlook Amid Order Delays
- HOOD US : Robinhood 3Q Net Revenue Beats Estimates
- ROVI SM : Rovi 9M Net Income EU97.7M Vs. EU113.5M Y/y
- SALM NO : Salmar 3Q Operating Ebit Beats Estimates
- SESG FP : SES 3Q Adjusted Ebitda Beats Estimates
- SGL GY : SGL 9M Sales Revenue EU652.9M
- SHUR BB : Shurgard 3Q Property Operating Revenue EU113.4M Vs. EU105.9M Y/y
- SKAB SS : Skanska 3Q Operating Profit Misses Estimates
- SN/ LN : Smith & Nephew 3Q Underlying Revenue Misses Estimates
- SNAP US : Snap 3Q Revenue Beats Estimates: Snapshot
- SOLB BB : Solvay 3Q Underlying Ebitda Beats Estimates
- SMHN GY : SUSS MicroTec 3Q Ebit Misses Estimates
- SCMN SW : Swisscom 3Q Net Revenue Matches Estimates
- SYENS BB : Syensqo Cuts FY Underlying Ebitda Forecast
- TELIA SS : Telia Extends Ericsson RAN Partnership in Sweden, Norway
- TRMED NO : Thor Medical, Telix Sign Supply Pact for Thorium-228
- TIT IM : Telecom Italia 9M Organic Ebitda EU3.20B Vs. EU3.04B Y/y
- TEP FP : Teleperformance Sees FY Like-for-Like Sales +1% to +2%, Teleperformance Cuts Outlook on Volatile Backdrop: Street Wrap
- TUB BB :
- UN0 GY : *Uniper Backs 2025 View
- VEI NO : Veidekke 3Q Pretax Profit Beats Estimates
- VIE FP : Veolia 9M Ebitda EU5.08B Vs. EU4.94B Y/y
- VGP BB : VGP 10-Month Annualized Committed Leases €461.3M, +12% YTD
- VOLVB SS : Volvo Cars Builds Toward Long-Term Ebit Margin of Over 8%
- VOYG US : Voyager Tech Said to Offer Up to 1% Coupon on Convertible
- WISE LN : Wise 1H Pretax Profit Meets Estimates
- WOSGLN : Watches of Switzerland Reiterates Guidance
- WEW GY : Westwing Group 3Q Adjusted Ebitda Margin 6.1%
- WLN FP : Worldline Board Approves €500 Million Capital Increase, SIX to Skip Worldline Capital Raise, Sees ~CHF550M Earnings Hit
- ZAL GY : Zalando 3Q Revenue Beats Estimates
- ZURN SW : Zurich Ins. 9M P&C Gross Written Premiums $38.9B
- ZURN SW : Zurich Ins. 9M P&C Gross Written Premiums $38.9B