[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.
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
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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%
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.
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