Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Wall Street’s main indexes climbed on Thursday, supported by strong earnings from Taiwan Semiconductor Manufacturing Company (TSMC) that reinforced investor optimism about artificial intelligence (AI) and extended a rally in chip stocks. TSMC, the world’s largest maker of advanced chips, raised its full-year revenue forecast, citing surging demand from AI spending. Despite initial gains of over 2% before the opening bell, U.S.-listed TSMC shares slipped 1.1% amid volatile trading.
The upbeat sentiment spread across major U.S. chipmakers. Nvidia rose 1.2%, Micron Technology advanced 2.7%, and Broadcom gained 1.3%, lifting the S&P 500 tech sector by 0.5%. Analysts said investor enthusiasm for AI continues to be fueled by strong spending from tech giants and hyperscalers, with investors now exploring adjacent opportunities beyond traditional chipmakers.
Recent positive momentum in AI-related stocks and expectations of U.S. interest rate cuts have supported markets in recent months. Strong earnings from major banks also highlighted economic resilience, even as official macroeconomic data remain delayed due to the ongoing government shutdown.
At 10:02 a.m. ET, the Dow Jones Industrial Average rose 83.57 points, or 0.18%, to 46,336.88. The S&P 500 gained 19.62 points, or 0.29%, to 6,690.68, while the Nasdaq Composite climbed 115.74 points, or 0.51%, to 22,785.82. The S&P 500 communication services sector advanced 0.7%, while financials declined 0.9%.
In geopolitical news, tensions flared as China accused the U.S. of inciting panic over rare earth export controls, rejecting Washington’s call to ease restrictions. Meanwhile, President Donald Trump threatened to impose additional 100% tariffs on Chinese goods but remains open to meeting President Xi Jinping later this month.
Elsewhere, Salesforce shares surged 7.1% after projecting 2030 revenue above $60 billion, while Hewlett Packard Enterprise fell 8.6% on weaker profit guidance. J.B. Hunt jumped 17.7% following stronger-than-expected quarterly earnings.
