GLOBAL MARKETS-Stocks stabilise after chip selloff; US inflation data up next
4 Articles
4 Articles
Global stocks rise as AI shares stabilise
S&P 500 futures were up 0.1%. (EPA Images pic)LONDON: Global stocks rose on Wednesday, helped by a steadying in AI-related shares and government bonds, as investors kept volatility to a minimum ahead of US inflation data later in the day.Tech shares in Europe were among the top performers of the day, taking their lead from a recovery overnight in Asia, where Samsung Electronics and SK Hynix both closed up, and from an upbeat outlook from Dutch c…
Technology Stocks Slide as US Inflation Pressures Accelerate
Technology stocks have remained under pressure overnight and into this morning, particularly in Asia Pacific and NASDAQ trading. While earnings reports continue to roll out, mainly from US regional banks, today’s focus has shifted to economic data. Stronger-than-expected retail sales point to consumer resilience, but a sharp rise in producer prices signals mounting inflation pressures. […]
Despite the temporary relief yesterday, ASML tumbled 5.89%, STMicroelectronics recorded losses of 7.1% and Infineon “blushed” 8.6%.
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