Europe’s STOXX 600 rebounds in broad based gains; Stellantis plunge drags auto stocks
Europe’s benchmark share index rebounded on Friday, with the STOXX 600 up 0.9% as investors digested mixed corporate earnings. Stellantis plunged on EV development charges, while defence stocks surged on strong results and orders. The index closed the week with a 1% gain, navigating AI-driven market shifts and ECB decisions.
Global stocks, bitcoin rally, regaining some lost ground with precious metals
Global stock markets saw a strong rebound on Friday. Major indices like the Dow Jones and S&P 500 registered significant gains. Technology shares, especially chipmakers, recovered from sharp declines. Bitcoin and silver also bounced back from recent selloffs. Investors are closely watching U.S.-Iran talks and assessing economic data.
Dow closes above 50,000, Nvidia soars as traders focus on AI spending
The Dow Jones Industrial Average crossed the 50,000 mark. Chipmakers like Nvidia surged as tech giants Amazon and Alphabet announced significant investments in AI infrastructure. This spending is expected to boost AI data center development. Software companies also saw gains, recovering from recent dips. The market showed a shift with investors diversifying away from tech.
Wall Street Week Ahead: Tech stock shakeout clouds market ahead of economic data deluge
Investors face a volatile week as artificial intelligence reshapes the technology sector. Software stocks are experiencing a significant downturn. Upcoming economic data on employment and inflation will provide crucial insights. The Federal Reserve’s interest rate decisions remain a key focus for market participants. Companies like AppLovin and Datadog will release their earnings reports.
Gold bounces back on softer dollar, US-Iran concerns; silver rebounds
Gold rebounded on Friday, poised for a weekly gain driven by bargain hunting, a weaker dollar, and ongoing U.S.-Iran talks. Silver also recovered from a recent low, though both metals are showing signs of entering a commodity bust phase. CME Group raised margin requirements amid heightened volatility.
US dollar heads for weekly rise, yen slumps ahead of Japan’s election
The dollar retreated from two-week highs as risk assets rebounded, though it remained on track for a weekly gain. Concerns over AI spending drove global shares lower, while the yen weakened ahead of Japan’s national election. Traders await U.S. jobs data, with expectations for potential Fed rate cuts.
Fractal Analytics raises Rs 1,249 crore from anchor investors ahead of IPO
Fractal Analytics raised Rs 1,249 crore from 52 anchor investors at Rs 900 per share ahead of its IPO opening February 9. Strong domestic and global institutional demand signals confidence in the AI analytics firm and growth prospects globally strong.
NSE Board approves IPO via OFS, forms a committee to drive listing process
The National Stock Exchange of India (NSE) has received board approval for its Initial Public Offering (IPO) via an Offer for Sale (OFS). This move follows a decade-long wait and Sebi’s no-objection, with the IPO expected to be a significant event in India’s capital markets. A reconstituted IPO Committee will oversee the listing preparations.
NSE Q3 Results: Profit falls 37% YoY to Rs 2,408 crore
NSE Q3 Results: Leading exchange NSE reported a 37% year-on-year (YoY) slump in its consolidated net profit at Rs 2,408 crore in the third quarter, while total income fell 9% YoY to Rs 4,395 crore.
Market Wrap: Sensex adds 266 pts, Nifty above 25,650; Indian rupee logs best week in over 3 years
Indian stock markets, Nifty and Sensex, ended Friday higher. The Reserve Bank of India maintained its policy repo rate at 5.25 percent. Cigarette stocks saw a significant surge following price increases. Global markets retreated, impacted by a Wall Street selloff and AI concerns. Crude oil futures extended losses.