It's the same again'artificial intelligence to dominate the stock markets after the announcement of Nvidia of wanting to invest as much as 100 billion dollars in Open AI. So although Tokyo be closed to celebrate the Autumn Equinox and Hong Kong is hit by a mega typhoon, the price lists of South Korea and Taiwan they still managed to reach new all-time highs, while bets on further rate cuts in the United States they kept the on uncharted peaks above $3.750 an ounce, while the dollar and bitcoin they are going the opposite way. Today the intervention of Powell, while on the macro side the agenda includes pmi all over the world.
Wall Street soars, led by Nvidia's $100 billion OpenIA chip.
Wall Street closed at new records yesterday as a select few technology stocks took the lead, including Nvidia and Apple.
Nvidia gained 3,9% after announcing plans to invest up to $100 billion in OpenAI and the first data center equipment will be delivered in the second half of 2026. The resources will go to support new data centers and other infrastructure Artificial intelligence: OpenAI will be able to build data centers with a capacity of at least 10 gigawatts of power. The computing infrastructure will be powered by advanced Nvidia chips. According to reports Bloomberg, OpenAi will pay with its own shares. Analysts' opinions seem rather mixed on this: the bullish see OpenAI as recognition that there is no alternative to Nvidia GPUs, while others They wonder why Nvidia is financing a customer to buy its equipment.
Apple rose 4,3% after Wedbush raised its target price on the stock given strong signs of demand for the new iPhone 17, while Tesla rose by 1,9%. Some investors are concerned about the new visa fees of Trump for the foreign workers, which drew widespread condemnation from tech executives and others on social media.
A Wall Street All three major indices, which had opened lower, showed positive signs at the end of the session: Dow Jones Industrial Average closed up 0,14% at 46.381,54 and theS & P 500 +0,44%, to 6.693,75, the Nasdaq Composite rose 0,70% to 22.788,98.
Investors are trying to digest the mixed messages on the future rate cuts of interest from officials of the Federal Reserve. Yesterday, Fed Governor Stephen Miran, President Trump's handpicked pick, said the Fed was misreading the tightness of its monetary policy and that without aggressive rate cuts it would put the job market at risk, a view contrasted by three of his colleagues who instead said that the central bank must remain cautious on inflation. Meanwhile, the Fed's decision remains pending Supreme Court on the dismissal of Cook on Trump's part. This is why it will be very important to follow today the speech of the Fed Chairman, Jerome Powell, who will discuss the economic outlook and answer questions on economic policy. The meeting is scheduled for early afternoon in the United States. Futures forecast a roughly 90% probability of a further quarter-point rate cut in October and a 75% probability of further easing in December.
Il bond market is preparing to absorb awave of public and corporate debt This week. The Treasury sale will begin today with $69 billion in two-year bonds, followed by $70 billion in five-year bonds and $44 billion in seven-year notes.
As a further complication, time is also running out for a possible US government shutdown on September 30, with President Trump expected to meet with key Democratic leaders on Thursday. Investors are taking it for granted that a some form of extension, but this time it stalemate in the Senate seems concreteThis increases the risk of a shutdown that would come at the most unfavorable time for markets and the Fed. As Nomura analysts noted, when the government shuts down, so do its data. If the stalemate were to continue, reports on payrolls, the consumer price index, retail sales, and so on could disappear during the Fed meetings on October 29th and December 10th, leaving the Fed in the dark.
In Asia, Seoul and Taiwan stand out. Tokyo is closed.
In Asia, with the Tokyo Stock Exchange closed for the celebration of the Autumn Equinox and Hong Kong in trouble for the passage of the typhoon most devastating since 2018, the stock markets stand out South Korea and Taiwan touching new highs: the Kospi index of Alone earns 0,5%, the Taipei Taiexi 1,3%. Chinese stock markets are down: Hang Seng in Hong Kong -1%, CSI 300 of the Shanghai Shenzhen exchanges -1,1%. Shares of Korean Samsung Electronics rose 2,9% after Goldman Sachs raised its price target: analyst Giuni Lee wrote in the note that the HBM-type chips optimized for high-performance computing, the ones approved yesterday by Nvidia, will give a “significant” boost to earnings growth in 2026.
On the currency markets, the dollar continued its recent seesaw pattern, easing overnight after three sessions of gains. Theeuro remained steady at $1,1803, after rebounding from a low of $1,1726 on Monday, while the dollar fell to $147,77 yen from a maximum of approximately 148,37.
The reached a new record at $3.759,02 an ounce, up nearly 9% from the previous month.
In the commodity markets, the prices of Petroleum They suffered as fears of oversupply outweighed geopolitical tensions in Russia and the Middle East. Brent crude fell 0,5% to $66,24 a barrel, while U.S. crude slipped 0,5% to $61,98 a barrel.
European stock markets are seen rising. At the Milan Stock Exchange, eyes are on TIM and Monte Paschi di Siena.
European stock markets are expected to open slightly higher, with EuroStoxx 50 index futures up 0,2%.
Monte Paschi Bank. Mediobanca shareholders' subscriptions to the Siena-based bank's offer reached 86,33% of the capital at the end of the last day of the public offering period.
EniJP Morgan raises target price to 16,5 euros from 16.
StMASM International, a semiconductor company, has lowered its second-half forecast, citing weaker-than-expected demand.
Tim has started offering gas and electricity supplies to customers.
GeneraliFitch has upgraded its financial strength rating for Generali and its main subsidiaries to 'AA-' from 'A+'. The agency also upgraded Generali's long-term Issuer Default Rating (IDR) from 'A' to 'A+'. The outlook is stable.
Fitch's upgrade follows Italy's recent sovereign rating upgrade to 'BBB+' with a stable outlook.
SaipemThe government has given conditional approval to the merger between Saipem and Norway's Subsea7, tying the creation of Saipem7 to a series of commitments regarding energy security and national defense. This is what was written MF This document cites the decree on the Golden Power, approved on September 18 by the Council of Ministers. This decree includes a series of requirements, whose fulfillment will be monitored by the Ministry of Economy and Finance. These requirements range from maintaining strategic activities in Italy to guarantees regarding Trieste's underwater drone development program and prioritizing interventions on Italy's energy infrastructure.
