Global Markets:
● Asian Stock Markets : Nikkei up 0.02%, Shanghai Composite up 0.20% Hang Seng down 0.98% ASX down 0.11%
● Commodities : Gold at $3,982.60 (-0.47%) Silver at $51.375 (-1.21%), Brent Oil at 91.30 (-1.56%), WTI Oil at 85.30 (-1.41%)
● Rates : US 10-year yield at 4.984, UK 10-year yield at 5.2224, Germany 10-year yield at 3.3236
News & Data:
● (JPY) PPI y/y 7.1% to 6.5% expected
Markets Update:
Nasdaq-100 futures declined Wednesday evening as Nvidia shares dropped following reports of potential leadership turmoil at the chipmaker. The stock fell around 8% in extended trading after reports raised questions about CEO Jensen Huang’s position.
Nasdaq-100 futures lost 0.8%, while S&P 500 futures declined 0.4%. Dow futures were little changed. In Asia, Japan’s Nikkei 225 edged higher, while South Korea’s Kospi fell 0.35%. Hong Kong’s Hang Seng dropped 1.03%, and Australia’s S&P/ASX 200 slipped 0.31%.
During regular trading, Wall Street posted strong gains. The Dow advanced nearly 255 points, or 0.5%, while the S&P 500 gained 1.3% and the Nasdaq Composite climbed 1.6%. Nvidia’s rebound and strong earnings from CoreWeave supported the rally.
Investors remain divided over whether the artificial intelligence boom can sustain market momentum amid concerns about inflation, interest rates and regulatory uncertainty. CoreWeave’s stronger-than-expected results and improved revenue outlook offered further support for AI-related stocks.
Wells Fargo Investment Institute’s Sameer Samana cautioned against excessive optimism, citing persistent inflation, potentially higher interest rates and AI data-centre regulations.
Meanwhile, Plancorp’s Callie Cox highlighted the growing tension between enthusiasm for AI and concerns about inflation and borrowing costs.
Investors now await Thursday’s initial jobless claims and existing home sales data for fresh signals on the economy and Federal Reserve policy.
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