Morning Bid: Stocks stunned by ASML curveball, pound plunges

World markets struggled to find a footing on Wednesday after Europe's ASML sideswiped the global chip sector late yesterday with a surprisingly weak orders outlook and investors prayed the flub was a one-off as third-quarter earnings updates stream in.

The read across to AI-darling Nvidia saw its shares recoil almost 5% from Monday's new record, with a small recovery pencilled in ahead of today's bell. Beijing will hold a press conference on Thursday to discuss promoting the "steady and healthy" development of the property sector, the State Council Information Office said, although that's failed to reignite much market excitement.

Citigroup, however, fell 5% after it reported mixed results with net income declining and net interest income weaker than expected while debt underwriting propped up its investment banking results.Wall St futures more broadly are slightly higher before the open.As the U.S. election campaign enters its final phase, betting markets put Republican Donald Trump as the slight favorite to return to the White House despite opinion polls showed a tight race between him and Democrat rival Kamala Harris.

How Trump plans to weaken the dollar, however, remains a bit of mystery beyond his well-flagged tariff plans.* US corporate earnings: Morgan Stanley, US Bancorp, Citizens Financial, Discover Financial, Equifax, Synchrony, Prologis, Abbott Laboratories, CSX, PPG, Kinder Morgan, Steel Dynamics, Crown CastleKremlin suggests Europe is struggling to mobilise its arms industries for Ukraine

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Morning Bid: Roaring Chinese stocks set for best week in a decadeWill this week be Chinese President Xi Jinping's equivalent of Mario Draghi's famous 'whatever it takes' moment? Only time will tell if China's volley of...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Morning Bid: China stocks get a reality check; Europe shuddersGravity brought China's soaring stock market back to earth with a thud on Wednesday. Disappointment about the lack - so far - of follow-through on stimulus ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Morning Bid: China stocks party resumes with an eye on SaturdayChinese stocks were back at it and surging on Thursday, shaking off the previous day's slump, with the focus on a Saturday press briefing that investors hope...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Global Chip Stocks Erase $420 Billion After ASML Sales Warning(Bloomberg) -- Investors in chip stocks are facing a fresh gut check after a tepid outlook from key equipment supplier ASML Holding NV sparked a global rout ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »