[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

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%

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