Global Stocks Calm Amid AI Trade Boost and Oil Price Jumps
8 Articles
8 Articles
Global Stocks Calm Amid AI Trade Boost and Oil Price Jumps
World shares steadied as positive earnings from ASML and a rise in Asian semiconductor stocks boosted AI trade, countering oil price jumps due to Iran-related hostilities. The pan-European STOXX 600 index saw slight changes following mixed inflation data, while tech markets gained in the U.S. and Asia.
Stocks steady as oil surgeoffsets ASML lift to tech
Agencies MILAN/SINGAPOREWorld shares steadied on Wednesday as upbeat earnings from chipmaking equipment maker ASML revived the AI trade, helping offset concerns about the fallout from fresh hostilities involving Iran and a surge in oil prices.Europe’s STOXX 600 index was just below parity by 1142 GMT after rallying the previous day when softer-than-expected US inflation data cooled concerns about higher interest rates, pushing the dollar and yi…
Dutch-based ASML, the only company making cutting-edge chip manufacturing equipment, reported results on Wednesday. Shares of semiconductor and memory chip companies linked to the development of artificial intelligence (AI) server infrastructure fell, but tech giants rose.
U.S. actions open with profits on Wednesday, driven by the technological sector’s advance after ASML improved its sales forecasts and reinforced demand expectations linked to artificial intelligence. See more: IMF warns that the three reasons that prevented a major rise in oil are running outThe good tone of markets also found support in a more moderate-than-anticipated inflation data to the producer, although the renewed military escalation bet…
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
