The fear of artificial intelligence seems to have passed, giving way to a new we are enthusiastic which has travelled across all markets, from New York to Asia, mainly thanks to the success of the Meta Platforms' new personal assistant, which have rekindled optimism about the chip questionMeanwhile, hopes are growing for diplomatic progress in the war with Iran, while investors are watching with interest at the meeting between the president Donald Trump and the Chinese leader Xi Jinping expected at the end of the week.
Oil prices remain in a tight range. This morning, the November Brent crude futures contract rose $1,72, or 1,7%, to $102,06 a barrel after briefly falling below the key $100 level. The October WTI contract, which expires Tuesday, rose $1,62, or 1,7%, to $97,4 a barrel. President Trump has indicated his willingness to meet with Iranian President Masoud Pezeshkian, who is scheduled to be in New York this week for the United Nations General Assembly. Supply concerns are easing as shipments through the Strait of Hormuz have reached their highest level in six months and Saudi Arabia is working to restore its East-West pipeline.
Yesterday, the Nasdaq soared to an all-time high. Tech appetite returns with Meta's Muse and the Magnificent Seven.
Yesterday the Nasdaq closed at an all-time high, driven by gains Advanced Micro Devices, Meta and other leading AI stocks, while U.S. Treasury yields have fallen from recent highs. semiconductors have recorded an increase, with Intel up 12,2% e Arm Holdings by 17%. The Phlx semiconductor index rose by 4,3%. Advanced Micro Devices rose by about 10%, reaching a peak for the first time market capitalization of $1 trillion. Il Nasdaq recorded its first record close since June 2 with a +2,26%, while the'S&P 500 closed about 0,4% below its all-time high of August 13 with a +1,49%. Dow closed at +0,71%.
Meta it splashed 11,4% after Wells Fargo raised its target price, following the recent launch of its virtual assistant Muse AI which has reached the top of Apple's free app charts. Mass adoption of Muse could significantly increase demand along the entire supply chain of AI infrastructure, making the chip manufacturers among the main beneficiaries of this trend, according to analysts. Muse is a personal assistant It's based on artificial intelligence that can perform tasks on behalf of the user, drawing on data from Meta apps, such as WhatsApp, and integrating it with third-party services. Investors believe the tool requires more computing power than Meta AI, which is a general-purpose assistant, which will stimulate demand throughout the supply chain. THE'Italian Newcleo officially debuts on the Nasdaq after merging with a Spac, raising $247 million to finance the development of its mini nuclear reactors.
The yield of 10-year U.S. benchmark bond came down below the threshold psychologically important of 5%Investors remain cautious about the interest rate outlook after the U.S. Federal Reserve raised rates for the first time in three years last week to combat inflation. According to the CME's FedWatch indicator, market participants estimate a 50% chance of a further increase next month. Comments from at least 10 members of the central bank's monetary policy committee are expected this week.
Bitcoin, a key indicator of risk tolerance, rose more than 6% to a seven-month high, dragging Coinbase: e Strategy.
Asia starts with a bang, then slows down. Kospi and Taiex are the best.
Asian markets took their cue from Wall Street and the success of Meta's personal assistant to move higher, although profit-taking took over during the session to reduce the initial gains. Kospi South Korea, after rising as much as 3,5%, limited itself to a +0,5% led by its chipmakers Samsung Electronics Co. and SK Hynix Inc., which gained about 3,5% before retreating slightly. The won rose 1%, bringing its year-to-date gain to nearly 6%, buoyed by chipmakers repatriating overseas profits.
The Taiex of Taiwan rose as much as 1,9%, reaching an all-time high. Some of the stocks with the biggest gains were Taiwanese companies in the artificial intelligence sector. MediaTek Inc. gained 9,4%, hitting an all-time high, while Unimicron Technology Corp. and Nan Ya Printed Circuit Board Corp. both broke their daily highs.
Even the titles Chinese Memory sector stocks rallied. China's blue-chip stock index rose 0,18%, while Hong Kong's Hang Seng Index gained 0,3%. Tencent Holdings Ltd. rose on expectations that the social media giant could exploit similar AI-based opportunities on its platform. WeChatThe Chinese company also announced the launch of its latest and most advanced imaging model. Alibaba Group Holding Ltd. further fueled this positive sentiment after unveiling what it calls China's most powerful AI chip, an accelerator capable of competing with Nvidia Corp. Japanese markets They are still closed for the holidays.
Lo yen stands at 157,47 per US dollar, near its lowest level in three weeks, after giving up gains from earlier this month on expectations of an acceleration in rate hikes by the Bank of Japan. dollar, which measures the value of the U.S. dollar against six other currencies, stands at 100,4, just below its seven-week high.
European stocks see a higher opening. Concerns about France. At the Milan Stock Exchange, eyes are on Snam, Moncler, and Stm.
European futures pointed to a higher opening. The Euro Stoxx 50 Index rose 0,2%.
FranceFrench markets are causing concern due to the country's long-term financial situation. The cost of insuring French government debt against default risk jumped yesterday to its highest level since March 2020, with OAT government bonds remaining the worst-performing bonds of major economies in 2026.
Snam successfully completed the sale of 10 million shares of Industrie De Nora, raising approximately €67 million and reducing its stake to 16,6%.
PsConsob is tightening its grip on MPS and requesting further information. After requests for clarification on the exchange rates in the offers for Banco BPM and Banca Generali, on synergies, and on the fate of the two takeover bids should the Intesa Sanpaolo takeover bid be successful, the Authority has now reportedly expanded its investigations to include internal correspondence within the Siena-based institution.
Icop reported an adjusted net profit of 22,2 million for the first half of the year, a significant increase compared to last year.
AzimuthOption exercised to increase ownership of Kennedy Capital, a U.S. firm specializing in mid-small cap investments, to 100%. The amount was not disclosed.
BuzziUBS lowered its recommendation from Neutral to Sell and its target price to 34 euros from 52 euros.
EniIntesa Sanpaolo raised its recommendation from Neutral to Buy, with a target price of 28,3 euros, from 24,9 euros previously.
MonclerOddo cuts its target to €60 from €69, with an Outperform rating confirmed. Citi lowers its target price to €59 from €63, with a Buy rating confirmed.
stm could be influenced by the surge in tech stocks on Wall Street.
UtilityElectricity demand increased 16,5% year-over-year in August, or 5,9% on an adjusted basis. Hydroelectric (-16%) and wind (-24%) declined, while solar (+20%) and thermal generation (+28%) increased.
