Stock markets are hesitant today, with investors still sceptical about the actual value of the artificial intelligence-related stocks: they were above all the tech to close down yesterday Wall Street and to drag down theAsia, even if positive data from the US Micron they seem to give impetus to the US futures this morning. The European stock exchanges are seen opening on parity pending today the ECB meeting, expected to leave rates stable and Bank of England which instead should cut rates by a quarter of a point after the relief from yesterday's inflation data. Also from today's meetings of the central banks of Sweden and Norway No action is expected on interest rates. Gold is down slightly, but remains near its all-time high, and bitcoin is down 1% at $86.800. Petroleum It was rising on news of new US sanctions on Russia and the blockade imposed on Venezuela.
Tech stocks weigh on Wall Street, dragged down by Oracle, but Micron revives enthusiasm. Energy stocks do well.
Yesterday the main indices of Wall Street closed lower, with the S&P 500 and the tech-heavy Nasdaq falling to lows of the last three weeks, due to lingering concerns about the artificial intelligence market. The Dow closed down 0,47%, the S&P 500 1,16%, and the Nasdaq 1,81%.
Oracle, The Texas-based cloud computing company has been a hot topic of concern, with shares plunging 5,4% after it announced that a stock deal to support a data center project would not include a key partner, Blue Owl Capital. The stock has lost nearly 50% since mid-September, when a deal with OpenAI sparked a 35% one-day rally.
Amazon fell 0,6% after announcing that the company is in talks to invest around $10 billion in ChatGPT maker OpenAI. The AI leader also fell. Nvidia of 3,8% and the chipmaker Broadcom 4,5%, bringing thechip index to a decrease of 3,9%. A fell 3,2% after Reuters He wrote that his Google unit is embarking on a new initiative to erode Nvidia's software advantage and is working with Meta to do so. Google-owned YouTube announced that the Oscars ceremony will be streamed exclusively on the platform, free worldwide and on YouTube TV starting in 2029.
Meanwhile the council of Warner Bros. Discovery rejected Paramount Skydance's hostile $108,4 billion bid for the company, preferring Netflix's binding offer. Netflix rose by 0,2%, while Paramount and Warner Bros. they fell by 5,4% and 2,4% respectively.
Instead the actions of the energy sector have increased along with crude oil prices, after US President Donald Trump ordered a “blockade” of all sanctioned oil tankers entering and leaving Venezuela. ConocoPhillips e Occidental Petroleum they both gained more than 4%.
The governor of the Federal Reserve offered some relief to investors Christopher Waller, often considered a pioneer on monetary policy, who said yesterday that the central bank has still margin of maneuver for cut rates of interest in the face of a declining job market.
Today the following are expected: inflation data November, although a month-on-month comparison will not be possible, as October data was not collected due to the U.S. government shutdown.
A glimmer of light has arrived on the technology sector Micron Technology, The largest U.S. computer memory chip manufacturer, which, after the close of trading, provided optimistic forecasts for the current quarter, indicating that surging demand and supply shortages are allowing the company to raise prices on its products. Revenue for the fiscal second quarter will range between $18,3 billion and $19,1 billion, the company said in a statement yesterday evening. Analysts had averaged $14,4 billion for the period. Excluding certain items, earnings per share will be between $8,22 and $8,62, compared to a forecast of $4,71. Micron shares have increased by about 8% in late-day trading. The stock was already up 168% this year.
Asia heavy in the wake of Wall Street
Asia Pacific stocks are weak in the wake of the decline in the S&P 500 on Wall Street. In Tokyo, the Bank of Japan has started a two-day meeting that should lead to a rate hike tomorrow to 0,75% and the yen, which could be subject to selling if markets are not convinced of further increases, remained stable around 155,75 per dollar. The index Tokyo Nikkei is down 0,8% weak yen attracts touristsIn the first eleven months of 2025, the number of foreign visitors exceeded 39 million, already surpassing the record of over 36 million for the whole of 2024.
In China Hong Kong's Hang Seng Index is down 0,4%. MetaX Integrated Circuits, debuted yesterday on the stock exchange with a 690% increase, and is holding its ground, albeit with a 4% drop to 113 yuan. The IPO price of the company producing GPUs for artificial intelligence was 14,8 yuan. CSI 300 of the stock exchanges Shanghai and Shenzhen is at -0,2%. China's overall government spending decreased for the second consecutive month, with infrastructure spending declining by double digits, indicating weakening public support for economic growth. IndiaMumbai's BSE Sensex index is unchanged.
In South KoreaSeoul's Kospi index is down 1,2%. The won weakens against the dollar and hits its lowest level in eight months, at 1.477. Southeast Asian bags are on track to record their best year since 2019 thanks to an ever-increasing participation rate, he said Bloomberg intelligence.
Il US crude oil rose 0,9% to $56,44 a barrel, while Brent crude futures rose 0,8% to $60,16 a barrel. Spot prices for fell just 0,1% to $4.335 an ounce, after rising 0,9% overnight.'silver rose 0,3% to $66,5 an ounce, moving back towards historical maximum of $66,88 touched yesterday.
European stock markets saw a break-even opening. At the Milan Stock Exchange, eyes are on StM, Campari, and MPS.
Bank of EnglandMarkets are expecting a 25 basis point rate cut to 3,75% today, following yesterday's unexpected drop in UK consumer prices, although with inflation the highest among G7 economies at 3,2%, further rate cuts are likely a long way off.
European Central Bank. Expectations are for rates to remain stable at 2%, while investors expect there to be little appetite for cuts, while growth projections could be increased.euro remained stable at $1,1742, not far from the three-month high of $1,18
Sweden and NorwayThese central banks also expect stable rates, at 1,75% and 4% respectively.
stm holds an extraordinary shareholders' meeting in Amsterdam. The resolutions proposed by the Supervisory Board include the appointment of Armando Varricchio as a member of the Supervisory Board, for a term expiring at the end of the 2028 shareholders' meeting, replacing Maurizio Tamagnini, who resigned from the Board of Directors in March of this year, and the appointment of Orio Bellezza as a member of the Board of Directors, for a term expiring at the end of the 2028 AGM, replacing Paolo Visca, who resigned in recent days. In April, the Supervisory Board, composed of nine members (three appointed by Italy, three appointed by France, and three independent), expressed "renewed support" for Chery's CEO and management and confidence in their ability to execute the transformation "in challenging times for the semiconductor industry." The stock could be impacted by Oracle's collapse yesterday on Wall Street.
PsThe board of directors will meet for the last time in 2025.
Campari which has reached an agreement for the sale of Averna amaro and Zedda Piras Sardinian mirto to Illva Saronno Holding, owner of, among others, the iconic Disaronno and the historic Sicilian wines Florio and Duca di Salaparuta.
Ovs recorded growth in sales and EBITDA in the first nine months of 2025, confirming the positive trend also for the end of the financial year.
Geox approved the 2026 budget, which confirms operating margins in line with those indicated in the 2025-2029 industrial plan, but estimates revenues significantly lower than the plan.
Algebris Investments, Through the Algebris Green Transition Fund, it has accepted the binding offer presented by Acea, through its subsidiary a.Quantum, for the acquisition of up to 100% of Aquanexa's share capital and, indirectly, of the latter's shareholdings for €205 million.
