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Bund yields set for biggest weekly drop since March amid trade, US banking jitters
Oct 17 (reuters) - Euro zone benchmark Bund yields were on track for their biggest weekly drop since late March on Friday, as persistent U.S.-China trade tensions and signs of credit stress in the U.S. banking sector drove investors into safe-haven assets.Reuters
Fri, Oct 17
Gold tops $4,300, set for biggest weekly surge since 2008
Oct 17 (Reuters) - Gold surged past $4,300 an ounce on Friday, headed for its biggest weekly gain since December 2008, as geopolitical and economic uncertainty along with growing U.S. rate cut bets drove investors to the safe-haven metal.
Reuters
Fri, Oct 17
Meta Breaks Ground on New AI Infrastructure Financing Model — $30 Billion Deal Sets Scale Record
TradingKey - The AI compute race is now pushing innovation in financing structures. Meta Platforms (META.US), led by Mark Zuckerberg, has finalized nearly $30 billion in financing for the construction of its “Hyperion Data Center” in Louisiana — one of the largest private capital deals in history.
TradingKey
Fri, Oct 17
Lilly, Novo Nordisk Shares Plummet as Trump Announces Price Cut to Ozempic
TradingKey - On Thursday, October 16, shares of Eli Lilly and Novo Nordisk fell sharply in after-hours trading after President Donald Trump announced a significant price reduction for the diabetes drug Ozempic. As of the time of writing, Eli Lilly (LLY) was down more than 5%, and Novo Nordisk (NVO)
TradingKey
Fri, Oct 17
Are European Stocks Peaking? SocGen,Citi Turn Bearish on Q4, U.S. Regional Bank Crisis Adds New Risk
TradingKey - A series of bad loan incidents in the U.S. are catalyzing a credit crisis in the banking sector, and these concerns are now spreading to Europe’s top-performing bank stocks this year. The worry comes at a time when institutions like Citi and Société Générale are turning cautious on
TradingKey
Fri, Oct 17
TSMC’s Reported 50% Price Hike for 2nm Chips Threatens to Drive Key Clients Like Qualcomm to Samsung
TradingKey - According to reports, global semiconductor foundry giant Taiwan Semiconductor Manufacturing Company (TSMC) plans to significantly increase prices for its upcoming 2-nanometer (2nm) chip manufacturing process, with potential hikes as high as 50%.
TradingKey
Fri, Oct 17
China, HK stocks post worst week since April as trade concerns weigh
Stocks in China and Hong Kong fell on Friday, capping their steepest weekly drop since early April, as investor caution over trade uncertainties and profit-taking from artificial intelligence shares dampened sentiment ahead of a leadership conclave in Beijing next week.Reuters
Fri, Oct 17
In China, global companies struggle as home-grown brands steal thunder
For many companies, business in China has changed for the long term as a fragile economy and sluggish consumer demand are forcing executives to rethink their brand strategy and compete with rising home-grown rivals.Reuters
Fri, Oct 17
“Darkest Hour” of U.S.-China Tech Decoupling? Nvidia’s China Market Share Falls to Zero, Micron Plans Exit
TradingKey - As U.S.-China trade tensions escalate once again over rare earths and ships, American tech chip giants are finding it increasingly difficult to operate in China. Recent reports indicate that Nvidia’s market share in China has dropped from 95% to zero, while memory chip giant Micron
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Fri, Oct 17
US says India halves Russian oil imports, sources say no cuts seen
Russian oil a top irritant in US-India trade talksIndia has pledged to boost US energy purchasesIndia could cut Russian oil imports from Dec-Jan, sources sayIndia is biggest buyer of Russian seaborne oilUS says Russia uses oil revenue to fund war in UkraineBy Jarrett Renshaw and Nidhi Verma WASHI...Reuters
Fri, Oct 17
Sell First, Ask Questions Later: Fraud Fears Hit U.S. Regional Banks, Sparking Broad Market Sell-Off
TradingKey - Investors were already under strain this week amid persistent lack of economic data transparency and renewed escalation of U.S.-China trade tensions when two regional banks' disclosure of loan fraud allegations acted like a stone dropped into an already fragile market...
TradingKey
Fri, Oct 17
Data Blackout Dulls the Case for a 50bp Cut, as Fed Rate Cut Debate Meets Government Shutdown
TradingKey - Ahead of the upcoming FOMC meeting on October 28–29, Federal Reserve officials remain divided over the pace of rate cuts. Just as Governors Christopher Waller and Stephen Miran debate whether to cut by 25 or 50 basis points, the U.S. government shutdown has triggered an economic dataTradingKey
Fri, Oct 17
Oracle’s $60B Project at 35% Margin Debunks “AI Doesn’t Make Money”
TradingKey - Oracle, which has been part of the “AI inner circle” for over a month, has long faced market skepticism over its sky-high RPO (remaining performance obligation) orders — criticized as “all hype and no profit.” However, on Thursday, the company revealed a $60 billion AI infrastructure
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Fri, Oct 17
Micron to exit server chips business in China after ban, sources say
SEOUL/SHANGHAI, Oct 17 (Reuters) - Micron MU.O plans to stop supplying server chips to data centres in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, two people briefed on the decision said.Reuters
Fri, Oct 17
