News

Following declines in the previous two trading days, US Neocloud concept stocks fell again. Coreweave (CRWV.O) dropped 4%, Nebius fell 4.5%, and IREN fell 3.1%.

The final value of the US S&P Global Manufacturing PMI for October will be released in ten minutes.

MRVL.O CEO Matt Murphy: (Regarding the deal with Lumentum) This move is intended to further increase support for Nvidia (NVDA.O).

The Nasdaq China Golden Dragon Index rose 1.75%, Alibaba (BABA.N) rose 4.4%, Bilibili (BILI.O) rose 5.7%, and XPeng Motors (XPEV.N) rose 5.9%.

At the opening of US stock markets, the Dow Jones Industrial Average rose 0.68%, the S&P 500 rose 0.48%, and the Nasdaq Composite rose 0.68%. Some memory chip stocks rallied, with SK Hynix (SKHY.O) up 2.4% and Micron Technology (MU.O) up 0.3%. Oracle, which will issue $10 billion in bonds, fell 4.1% in early trading. Marvell Technology (MRVL.O) announced its acquisition of Lumentum (LITE.O), with its shares falling 3.4% and 6.2%, respectively.

Canada's S&P Global Manufacturing Purchasing Managers' Index (PMI) for October was 49.6, compared to 51.5 in the previous month.

According to The Information, the release date of Apple's (AAPL.O) "J595" home robot (priced at approximately $1,000) may be delayed from 2025 to 2028.

Mehr News Agency of Iran: During the talks, the Iranian side expressed its gratitude to Putin and other Russian officials for publicly praising Iran's late revolutionary leader and other great national heroes, and for their support of the Iranian people's indomitable spirit. Both sides emphasized that they will continue to deepen strategic cooperation in accordance with the roadmap set forth by the two countries' top leaders.

Mehr News Agency of Iran: Russia and Iran discussed the current regional and global situation, with a focus on the situation in West Asia.

SYNDIGO: Established a multi-year strategic partnership with Microsoft to jointly develop and market AI-driven business solutions.

Boeing has signed an agreement with ICELease to order up to three Boeing 767-300 converted freighters.

Alphabet (GOOG.O) plans to raise €6 bln via a euro-denominated bond offering.

Alphabet (GOOG.O) plans to raise €6 billion by issuing euro bonds.

U.S. stock index futures extended gains; S&P 500 futures rose 0.6%, Nasdaq 100 futures rose 1%, and Dow Jones futures rose 0.8%.

Market news: Moody's affirmed Oracle's (ORCL.N) Baa2 rating for its new note issuance; the outlook remains negative.

Infineon has partnered with Qualcomm (QCOM.O) in the field of automotive computers.

Microsoft (MSFT.O): Lumen will bring full cloud networking capabilities to Azure.

Lumen and Microsoft (MSFT.O) have expanded their partnership to jointly market network solutions for enterprise-level artificial intelligence.

JPMorgan Chase has resumed coverage of L3HARRIS TECHNOLOGIES with an overweight rating and a target price of $320.

When asked whether people's incomes have actually increased due to inflation, White House National Economic Council Director Hassett stated that that has only happened in the last few months.