There is a lot nervousness around. Investors are unloading riskier assets and sales have reached critical levels which, if exceeded, could trigger further heavy selling. The heart of the situation is once again the artificial intelligence sector on which, the doubt that it is inside a bubble, is becoming increasingly consistent. To understand what is happening, investors are waiting for the Queen of Wall Street's financial statements, Nvidia, which will be published on Wednesday after the close of trading. But some the signals are not good at the moment. After a sharply lower close in New York last night, asian bags they only have negative signs and also the European stock exchanges are preparing for a sharply declining opening. The Bitcoin collapses below the 90.000 level, the remains perched above $4.000.
Yesterday, Wall Street broke key technical levels. Nvidia collapsed.
US stocks closed down yesterday sharp decline, With the 'S & P 500 and Nasdaq which have closed on below a key technical indicator for the first time since late April, as investors await the quarterly results of the chip giant Nvidia tomorrow after the close of trading and US employment data September Thursday, long postponed due to the shutdown. Both events will be crucial to defining the financial outlook global for the rest of 2025.
Le sales are accelerate of second part of the US session with all three major indices trading below their respective 50-day moving averagesThis moving average, closely followed by investors, is considered an indicator of the medium-term trend. Dow Jones closed down 1,2%, below its 50-day moving average for the first time since October 10. The index S & P 500 closed down 0,9%, although it remains up 13,4% since the beginning of the year. Nasdaq down 0,8%.
Dopo un'possible violation of the 50-day moving average, analysts see two roads. The first towards the support of the S&P 500 around 6.500 from the current level of 6.672 points. The second is a deeper decline, with the indicator pointing to the 200-day moving average, currently around 6.150 and which foresees a recovery by the end of the year, reaching around the target of 6.600.
Nvidia the world's largest company by market value, at the center of Wall Street's artificial intelligence market has closed down 1,9%. Nvidia's accounts come out in a moment of great concern for the stratospheric evaluations of artificial intelligence, despite the chipmaker being expected to post another earnings increase. Another sign of malaise It came yesterday when regulators showed that thehedge funds of the tech billionaire Peter Thiel ha sold its entire stake in Nvidia last quarter. Just last week, the Japanese group Softbank said it sold all 32,1 million Nvidia shares it held in October to finance Chief Executive Masayoshi Son's radical push into artificial intelligence.
It should also be noted that A di Google rose by 3,1% after that Berkshire Hathaway disclosed a $4,3 billion stake in the company. In contrast, Berkshire further reduced its stake in Apple , whose shares closed down 1,8% yesterday. Among other stocks that fell were Dell Technologies fell 8,4% and Hewlett Packard Enterprise fell 7%, both after ratings downgrades from Morgan Stanley.
Google Alphabet rose as Warren Buffett's Berkshire Hathaway Inc. amassed a $4,9 billion stake in the third quarter.
At the end of the US quarterly earnings season, retailers' accounts are also arriving Walmart, Home Depot, and TargetShares of Home Depot, which is expected to report earnings tonight before the close, closed down 1,2% yesterday. Amazon is set to raise $15 billion from its first U.S. dollar bond issue in three years.
In Asia, the weakness of the yen worries the authorities
In Asia, the focus is still mainly on Japan, where is the Prime Minister Sanae Takaichi will meet later today Bank of Japan Governor Kazuo UedaOperators are on alert for the threat of a intervention from the Japanese authorities why it yen continues to fall at its lowest level in recent months and has surpassed 155 per dollar, close to the levels that prompted a currency intervention last year. Japanese Finance Minister Satsuki Katayama said this morning that he was "alarmed” from “rapid and unilateral movements” in the foreign exchange market. After peaking in April, the yen has been trending lower following expectations of greater stimuli by the new government and the Bank of Japan's cautious stance on ratesJapan is considering the possibility of spend about 17 trillion yen ($110 billion) in the first stimulus package Takaichi's economic recovery, the Nikkei newspaper reported on Saturday. government bonds Japanese ultra-long-term government bonds (JGBs) have been hit hard this week, as concerns grow over the country's increasingly expansionary fiscal policy. Today, the 20-year JGB yield hit its highest level since July 1999. The index Tokyo Nikkei loses 2,7%. The Tokyo government says it is ready to to ease recent diplomatic tensions with China and says he is open to constructive discussions.
The Stock Exchanges of the China are declining. The CSI 300 index of the Shanghai and Shenzhen stock exchanges is down 0,6%. Hong Kong's Hang Seng is down 1,5%. Taipei's Taiex is down 2,2%. China has begun the process of issuing up to €4 billion ($4,6 billion) in euro-denominated sovereign bonds, Bloomberg reports. South Korean stocks are down about 3%.
European stock markets opened sharply lower. At Piazza Affari, Banca Monte Paschi di Siena and Banco BPM were all eyes on the market.
European stock markets are expected to open lower. EuroStoxx 50 index futures are down 1,2%.
Credit Agricole Crédit Agricole S.p.A. announced a net profit target of more than €8,5 billion by 2028, exceeding analysts' forecasts. This new target compares with an average estimate of €8,2 billion, according to a Barclays analysis. The higher-than-expected earnings forecast implies a projected return on tangible equity (ROTE) of over 14% for 2028, compared to the expected 13,1%. Furthermore, Crédit Agricole aims to maintain a cost-to-income ratio below 55% by 2028, in line with expectations. The group, composed of 39 regional banks, aims to achieve these goals through investments in Europe, expanding its customer base, and optimizing efficiency through automation and streamlining IT systems.
Amundi Amundi has agreed to acquire a 9,9% stake in Intermediate Capital Group (ICG), a London-listed company, as part of its three-year strategy to expand its presence in private markets. While the cost of the transaction was not disclosed, given ICG's market capitalization of around £5,5 billion, the stake could be worth approximately £550 million, making Amundi the UK company's largest shareholder.
Monte Paschi Bank – Banco BPM. The government intends to maintain its 4,9% stake in the Siena-based bank while incorporating the recently acquired Mediobanca, according to two sources familiar with the matter. However, the government led by Giorgia Meloni is counting on a future merger to ultimately reduce its stake, the sources added.
Brunello Cucinelli. HongShan's offer for Golden Goose is currently non-exclusive and the Chinese fund has committed to signing a binding commitment by December 3, the company writes. RepublicThe €2,5 billion valuation could be improved, and the sale could even be finalized by Christmas, the newspaper adds. Permira, which together with Carlyle controls 88% of the company, is reportedly also evaluating other options, receiving interest in minority stakes from other buyers, including the Chinese fund Blue Pool and Brunello Cucinelli.
Diasorin, together with Qiagen, has announced the launch, with CE marking, of the new LIAISON QuantiFERON-TB Gold Plus II, a next-generation test that redefines speed of result and yield as an aid in the diagnosis of M. tuberculosis infection on the LIAISON analytical systems.
IvecoThe European Commission said yesterday that it had approved Tata Motors' acquisition of sole control, saying the deal did not raise competition concerns.
StellantisPresident John Elkann urged the European Commission to give car manufacturers greater flexibility on emissions targets, proposing that the interim targets set for 2030 be calculated as an average over several years.
Avio announced that the capital increase was subscribed at 98,83% for a total amount of 395 million euros.
