Nasdaq 100 futures rose 0.6% and S&P 500 contracts added 0.4%. Apple is expected to publish record results when the company presents its quarterly profits later today. Technological actions continued advancing in the previous operations, with International Business Machines Corp. rising 8% and Meta Platforms Inc. Going up for the hopes of future artificial intelligence profits. Tesla Inc. rose up to 4.1% amid the optimism of investors on the company’s Robotaxi business and artificial intelligence perspectives.
The technological arms race has defined global markets this week, with the China Depseek startup claiming to have achieved significant progress in its artificial intelligence model to a price fraction. That put an interrogation sign on the expense and investment plans of Silicon Valley companies in the period prior to profit advertisements, which caused a market drop on Monday.
Microsoft Corp. actions challenged optimism and fell 3.9% in the first operations, while the company struggles to build sufficient data centers to handle the demand for AI.
The 10 -year American treasure bond performance dropped two basic points to 4.50% after the Federal Reserve left interest rates without changes yesterdayadopting a “wait and see” approach with inflation even above the 2%target.
Now the attention focuses on the European Central Bank, which is expected to cut the rates in a quarterfinal later on Thursday to reactivate the lethargic eurozone economy. European government bonds advanced after the figures of the Gross Domestic Product of Germany and France were weaker than expected.
“The divergence trade is alive and well with a growing gap between the growth expectations of Europe and the United States that has resulted in a much more moderate perspective for the ECB in relation to the Fed,” Said Daniel Murray, executive director of EFG Asset Management based in Zurich.
As for currencies, the YEN won up to 0.6% against the dollar because fast money operators made bets on the currency, according to an Asian -based currency operator.
