Technology stocks lifted U.S., European and Asian markets as investors awaited October U.S. inflation data and oil fell after President Donald Trump said an attack on Iran was unlikely, Anadolu Agency reported.
January-delivery Brent crude fell 1.1% to $91.5 a barrel. Anadolu linked the decline to lower perceived risk of renewed U.S.-Iran tensions after Trump said he considered the chance of an attack low.
Monday's New York Stock Exchange session advanced on technology gains, Anadolu reported. Meta rose 5.1%, Amazon gained 3%, Microsoft added 2.8%, Apple climbed 2.4% and Alphabet rose about 1%.
Chipmakers also advanced: AMD gained 13.3%, Broadcom 8.8%, Micron 6.3% and Intel 5.5%, the agency said. Nvidia fell 4.3%. Anadolu connected the decline with the company's independent investigation, opened after reports that foreign intelligence had targeted founder and CEO Jensen Huang.
European exchanges finished Monday higher. Italy's FTSE MIB 30 rose 2.69%, Germany's DAX 40 climbed 1.73%, France's CAC 40 gained 1.16% and the U.K.'s FTSE 100 added 1.02%, Anadolu reported. The outlet said gains spread beyond technology as some companies reported earnings above expectations.
Asian benchmarks were higher near Tuesday's close, Anadolu reported. South Korea's Kospi gained 3.8%, Japan's Nikkei 225 rose 2.5%, China's Shanghai Composite edged up 0.1% and Hong Kong's Hang Seng added 0.3%. Among technology companies, Kioxia advanced 7.5%, SK Hynix rose 6.5% and Samsung Electronics gained 4.5%.
Anadolu reported that Federal Reserve (Fed) officials saw services prices as an ongoing inflation challenge, while describing employment as stable and layoffs as limited. U.S. consumers' inflation estimates were unchanged at 3.9% over the short term, 3.3% over the medium term and 3% over the long term, the agency said.
The 10-year U.S. Treasury yield was at 4.87% Tuesday, while gold fell 0.6% to $4,114 an ounce amid expectations of tighter monetary policy, Anadolu reported. The October U.S. inflation release was the next indicator investors were watching.
