The US stock indices ended Wednesday’s session in positive territory. By the close, the Dow Jones (US30) gained 0.49%. The S&P 500 (US500) advanced 1.31%. The technology-heavy Nasdaq (US100) closed Wednesday up 2.28%. The sharp rebound in US equities reflected a significant reassessment of the fundamental outlook for the artificial intelligence sector, which managed to outweigh even the hawkish signal from Tuesday’s CPI inflation report. The main catalyst was the earnings release from cloud provider CoreWeave (shares surged 24.7%): the company reported third-quarter revenue growth of 168% year-over-year to $3.66 billion, raised its full-year guidance to $13.0-13.3 billion, and disclosed an order backlog of $132.5 billion. This alleviated market concerns regarding the payback of its debt-financed aggressive expansion and triggered a broad rally across semiconductor and memory-chip stocks.
The order book for Anthropic’s IPO (pricing scheduled for November 18 in the $70-$78 range at a valuation of approximately $1.4 trillion, potentially rising to $1.5 trillion) has already been heavily oversubscribed. However, the US Treasury market was closed on Wednesday for Veterans Day, meaning the real test of this technology rally’s resilience will begin on Thursday when Treasury trading resumes.
In Europe, Germany’s DAX (DE40) gained 1.20%, France’s CAC 40 (FR40) rose 0.66%, Spain’s IBEX 35 (ES35) advanced 0.46%, and the UK’s FTSE 100 (UK100) closed 0.78% higher. The third consecutive day of strong gains across European markets highlights a meaningful shift in risk perception surrounding the artificial intelligence sector. While investors had been selling AI-related stocks last week amid concerns over massive debt burdens and uncertain returns on AI infrastructure investments, strong earnings and CoreWeave’s expectation to achieve adjusted profitability in the first half of 2028, combined with the explosive improvement in Siemens Energy’s margins driven by data-center power demand, helped remove this obstacle. As a result, European equipment suppliers and semiconductor companies received a powerful boost.
The pullback in the US WTI benchmark below $85 per barrel after an attempted rebound toward $88 highlights the clash between geopolitical and macroeconomic factors. Bulls failed to sustain the recovery despite signs of heightened security concerns in Washington, including Treasury Secretary Scott Bessent’s relocation to a military base due to threats linked to Iran, and Tehran’s denials regarding the negotiation process. The key factor capping prices remains comments from Secretary of State Marco Rubio emphasizing naval blockades and sanctions rather than direct military strikes, as well as the recovery of tanker traffic through the Strait of Hormuz, which reduces the risk of an immediate physical supply shortage.
In Asia, Japan’s Nikkei 225 (JP225) gained 1.31%, China’s FTSE China 50 closed 0.69% higher, Hong Kong’s Hang Seng (HK50) fell 0.98%, and Australia’s ASX 200 (AU200) ended Wednesday up 0.27%.
The Australian dollar’s (AUD) decline below the 0.6900 level reflects the rapid loss of the key factor that had supported the currency for much of the year: its positive interest-rate differential. After the Reserve Bank of Australia (RBA) raised its benchmark rate for the fifth time this year on November 3, bringing it to an eighteen-year high of 4.85%, the board was divided (6 votes to 3) and removed language from its statement indicating a willingness to tighten further. A 2.7% decline in the Westpac Consumer Sentiment Index to a four-year low (78.2), six-year lows in business conditions, and a cooling housing market have convinced the market (with an 82% probability) that the RBA’s tightening cycle has ended. Investors now expect policy easing of 25-30 basis points by the end of 2027.
S&P 500 (US500) 7,619.38 +98.45 (+1.31%)
Dow Jones (US30) 52,486.49 +254.60 (+0.49%)
DAX (DE40) 26,662.77 +315.32 (+1.20%)
FTSE 100 (UK100) 10,835.47 +83.88 (+0.78%)
USD Index 102.90 +0.67 (+0.65%)
News feed for: 2026.11.12
Japan Producer Price Index (m/m) at 01:50 (GMT+2) – JPY (MED)
UK GDP (m/m) at 09:00 (GMT+2) – GBP (MED)
UK Trade Balance (m/m) at 09:00 (GMT+2) – GBP (LOW)
UK Industrial Production (m/m) at 09:00 (GMT+2) – GBP (LOW)
Sweden Inflation Rate (m/m) at 09:00 (GMT+2) – SEK (MED)
US Initial Jobless Claims (w/w) at 15:30 (GMT+2) – USD (MED)
US Existing Home Sales (m/m) at 17:00 (GMT+2) – USD (MED)
US Crude Oil Reserves (w/w) at 19:00 (GMT+2) – WTI (HIGH)
Eurozone ECB President Lagarde Speaks at 21:30 (GMT+2) – EUR (LOW)
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