[MARKET UPDATE] TSMC (+2.1% on tradegate) metrics, guidance & call lift the NQ (+0.2%) and European futures, Euro Stoxx 50 +0.5%. Further strength for Europe & Luxury from Richemont earnings, +4.5% in pre-mkt trade

The positive performance from TSMC and Richemont's earnings is boosting market sentiment, evidenced by gains in the Nasdaq and Euro Stoxx 50.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
Newsquawk headlinesUTC

French Inflation Rate MoM Final (Dec) M/M 0.1% vs. Exp. 0.1% (Prev. -0.2% )

French Inflation Rate YoY Final (Dec) Y/Y 0.8% vs. Exp. 0.8% (Prev. 0.9% )

[MARKET UPDATE] TSMC (+2.1% on tradegate) metrics, guidance & call lift the NQ (+0.2%) and European futures, Euro Stoxx 50 +0.5%. Further strength for Europe & Luxury from Richemont earnings, +4.5% in pre-mkt trade

Additional European Equity News

PBoC cuts the one-year relending facility rate to 1.25% (prev. 1.50%), to increase tech innovation quotas by CNY 400bln to CNY 1.2tln

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.

tradegate

  • ASML (ASML NA) +4.2%
  • SAP (SAP GY) +0.6%
  • Infineon (IFX GY) +1.3%
  • LVMH (MC FP) +2.3%
  • Hermes (RMS FP) +0.6%
Context

Investors seem to be reacting well to solid guidance and metrics, particularly in the semiconductor and luxury sectors, which may indicate underlying strength in these areas and provide a favorable outlook for both U.S. and European equities.

Related headlines

The whole workspace, free to try.

Try it free