Da Wall Street to Asia the order of strong sales it's the same and it mostly affects the titles of chip manufacturers due to growing doubts about the sustainability of billion-dollar investments in'artificial intelligence a few hours after the data was published quarterly of the giants of the sector in the USA and South Korea, while news arrives about the Chinese competition which is advancing at low cost. But the main attention is on the decision on the rates of the Fed tomorrow, followed by the Bank of England and the Bank of Japan.
The price of Petroleum fell further after the United States suspended daily strikes against Iran and President Donald Trump said there were “good chance” of reaching an agreement with IranBrent crude extended yesterday's decline, falling a further 1,4% to around $87 a barrel. government bonds gained for the second day in a row, as inflation fears eased.
Wall Street closed mixed yesterday as it awaits the week's events and attempts to rotate investments
IERI (Yesterday) Wall Street closed mixed in a climate of anticipation of the key events of the week, punctuated by the monetary policy announcements of the Fed tomorrow and from the quarterly reports of Microsoft and Meta Thursday, followed by Apple and Amazon on Friday. S & P 500 closed at +0,02%, Nasdaq at -0,18%, Dow to +0,51%.
Walmart rose by 2,1%, ecosystem added 1,9% and Johnson & Johnson rose 1%, and all three helped keep the S&P 500 Index in positive territory. There was some noticeable rotation of investments with the exit from the chip sector, exacerbated by news of Chinese competition. Seven of the 11 sector indices of the S&P 500 rose, led by consumer goods essential goods, up 1,58%, followed by a 1,25% increase in the technology sector.-promote their right to information, education and organisation to safeguard their interests' (TFEU, Article XNUMX).. Under pressure the oil companies due to the drop in oil prices. Occidental Petroleum fell 4,1% and Exxon Mobil fell 1,4%.
Instead the'chip index' extended its recent sell-off, losing 2,2% – its third consecutive day of decline and down 21% from its all-time high closing on June 22 but still up 63% in 2026. Spending on artificial intelligence is under close scrutiny after the decision to A last week, to raise its capital spending forecast to $205 billion this year, reigniting concerns about fiscal discipline in the race for tech dominance. Nvidia fell 5% as its AI-related funding commitments could exceed the monstrous figure of 750 billion of dollars: the Wall Street Journal reported that the chipmaker was in talks to provide approximately $250 billion in financial guarantees for an OpenAI data center. The article also stated that the guarantee would not cover Nvidia chips within the center, but that financing OpenAI chip purchases worth up to $350 billion was also being discussed, highlighting the increasingly circular nature of AI development spending.
The decision of Fed monetary policy on the agenda future, according to most forecasts, is not expected to issue any decision on interest rates. However, some analysts do not rule out that the new Fed Chairman Kevin Warsh wants to give a tangible sign of his fight against inflation raising rates by 25%. According to the CME FedWatch tool, traders expect a 62% chance that the central bank will leave rates unchanged, with a 38% chance of a 25 basis point increase.
Asia is in the red, with Korean markets losing 10%. Chinese competition is gaining traction.
Asia is in the red. The MSCI Asia Pacific stock index fell as much as 3,6%, reaching its lowest level since May and heading for a technical correction. Kospi South Korea led regional losses, falling 10% as the semiconductor sector slump deepened. SK Hynix e Samsung Electronics both lost more than 11% ahead of their quarterly earnings releases and due to the growing Chinese competition.
After the star debut of the Chinese yesterday Cxmt, an article by has in fact raised further concern TheInformation, according to which aChinese state-owned company would have started mass production of lithography machines Deep ultraviolet immersion a key chipmaking technology long dominated by the group Dutch Asml which in fact fell by 8,5%.
A $570 billion crash in just over a month has transformed SK Hynix From one of the world's most promising artificial intelligence stocks to one of the biggest portfolio question marks. Shares of the South Korean memory chip maker, which future will publish the quarterly, has fallen 45% from its all-time high in June, due to concerns about market overcrowding and a surge in leverage-induced volatility. Its market value loss during this period is even comparable to that of SpaceX.
Japan's Nikkei fell 4,4%. Shares of Japanese semiconductor equipment makers, including Nikon e Tokyo electron, both recorded a drop of more than 9%. Kioxia Holdings -18%.
In China The Hang Seng Index is down 0,1%. The CSI 300 is down 2,4%. Taipei's Taiex is down 4,3%. Hong Kong technology stocks are more resilient, despite the general weakness in mainland China markets. Tencent is up 2,6%, JD.Com is up 3%.
European stocks opened slightly lower. At the Milan Stock Exchange, eyes are on MPS, Banco BPM, Saipem, and Eni.
European stock markets opened slightly lower. The Eurostoxx 50 futures were down 0,1%.
Eni Eni has approved the investment for the development of the Cronos offshore field in Cyprus, with the aim of starting production of the first Cypriot gas in 2028. For Eni, the project will contribute to expanding its contracted LNG portfolio, with the aim of exceeding 20 million tonnes per year by 2030.
Saipem The company lowered its 2026 adjusted EBITDA guidance to €1,75 billion from €1,9 billion to reflect both the additional costs already incurred due to the Middle East crisis and an estimate of costs that may emerge in the second half of the year. Second-quarter EBITDA fell 2,7% to €402 million, below the LSEG consensus.
Saint Lawrence announced yesterday evening that a group led by entrepreneur Riccardo Cima has submitted a binding and guaranteed expression of interest for the acquisition of the entire business of the struggling yacht builder The Italian Sea Group, through a newly established special purpose vehicle, Polo Nautico Carrara (PNC).
Italgas recorded an adjusted net profit attributable to the Group of €398,6 million for the first half of 2026, up 27,3% compared to the previous year.
Interpump acquired 100% of MVV, a company that produces gear metering pumps primarily for the chemical and textile sectors, valued at €6 million in terms of enterprise value.
ThatThe European Investment Bank (EIB) has approved a €450 million financing package for the Roman utility to support the modernization and upgrade of water infrastructure in the Lazio region.
UnderstandingOddo raises the target from 7,1 to 7,40 euros.
stmMorningstar upgrades its rating to Buy, with a target of €62. HSBC cuts its target from €84 to €81, but remains Buy.
UnicreditCiti raises its target from 84 to 88,40 euros.
