Author: admin

United States Total Vehicle Sales came in at 15.3M, below expectations (15.6M) in October

South Korea Consumer Price Index Growth (MoM) registered at 0.3% above expectations (0%) in October

South Korea Consumer Price Index Growth (YoY) above forecasts (2.1%) in October: Actual (2.4%)

OpenAI has signed a seven-year, $38 billion cloud-computing agreement with Amazon Web Services (AWS) — a major expansion of its infrastructure base following a restructuring that loosened its financial ties to Microsoft. The deal gives the ChatGPT maker access to hundreds of thousands of Nvidia processors hosted on AWS to train and run its next generation of artificial-intelligence models.

ICYMI, news from Monday US time.

Under the agreement, all capacity will be online by end-2026, with potential to expand further beyond 2027.

Amazon will deploy Nvidia GB200 and GB300 AI accelerators in purpose-built data clusters to handle ChatGPT’s training and inference workloads.

The tie-up marks a significant boost for Amazon’s cloud business.

—

The OpenAI–AWS deal reinforces investor optimism in Amazon’s AI capabilities and highlights the escalating capital intensity of the AI sector. The pact may lift sentiment toward cloud and chip stocks — particularly Nvidia — while sharpening competition across Big Tech’s AI ecosystems.

This article was written by Eamonn Sheridan at investinglive.com.

In recent years, the coffee giant has seen its sales in China plummet.

Ether tumbled as much as 9% on Monday, breaking below a key technical support level at $3,600 after hackers drained over $100 million from a major decentralized-finance protocol on the Ethereum network. The sharp drop leaves the world’s second-largest cryptocurrency roughly 25% below its August 22 peak of $4,885, extending a volatile stretch for digital-asset investors.

The latest blow came after the Ethereum-based DeFi platform Balancer suffered a multimillion-dollar exploit — the latest in a series of cyber-incidents and macro headwinds battering sentiment across the crypto market. Analysts said the breach amplified selling pressure already building from recent policy uncertainty and investor risk aversion. Concerns around security and liquidity are re-emerging just as macro conditions turn less supportive.

Shares of crypto-linked companies, including exchanges and mining firms, also fell in sympathy, underscoring the broader caution surrounding digital assets as traders brace for further volatility into year-end.

—

The Balancer hack and renewed macro uncertainty have rattled investor confidence across the crypto complex. Ether’s break below $3,600 may prompt further technical selling, while continued Fed hawkishness and risk aversion could weigh on near-term sentiment.

—

Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, the world’s leading smart-contract platform that underpins most decentralized-finance (DeFi) and non-fungible-token (NFT) applications.

This article was written by Eamonn Sheridan at investinglive.com.

The European Commission’s trade and economic-security chief, Maroš Šefčovič, has welcomed what he described as “progress on Nexperia, key to restoring a semiconductor supply chain”, signalling the EU’s intensified focus on future-proofing internal chip flows and trade openness. At the same time, he stressed that “our work continues towards lasting stability without export control barriers”, underlining the bloc’s ambition to keep supply-chain friction low while strengthening domestic resilience.

—

The background to this is that the Netherlands government intervened in Dutch-based chipmaker Nexperia, a China-owned company, citing national-security concerns. In response, Beijing restricted exports of certain products from the company’s China operations, raising alarms among European auto makers and industrial groups about supply interruption risks.

This article was written by Eamonn Sheridan at investinglive.com.

UBS remains optimistic on the global equity outlook even as investors grow uneasy about stretched valuations and an uncertain path for US monetary policy amid the ongoing government shutdown.

Ulrike Hoffmann-Burchardi, global head of equities at UBS Financial Services, acknowledged that “concerns over high valuations persist” and that the Federal Reserve’s policy outlook “appears murkier” as the shutdown clouds the economic picture and delays key data releases.

However, she said the bank still sees the current bull market as resilient. “Despite the strong gains in equity markets this year, we continue to believe this bull market has room to run,” Hoffmann-Burchardi said, adding that investors should remain positioned to benefit from further upside.

UBS analysts note that while short-term volatility is likely as markets digest conflicting economic signals, fundamentals remain supportive:

• corporate earnings have broadly outperformed expectations,
• liquidity conditions are improving,
• and global risk appetite remains firm.

The bank’s base case is that equities will continue to edge higher into next year as the Fed moves closer to eventual policy easing once the shutdown is resolved and inflation continues to moderate.

—

UBS’s optimistic tone may reassure equity investors rattled by recent volatility and policy uncertainty. Its call suggests limited downside for risk assets in the near term, potentially supporting global stock indexes and risk appetite even as yields stay elevated.

This article was written by Eamonn Sheridan at investinglive.com.

The Reserve Bank of Australia (RBA) is widely expected to maintain the Official Cash Rate (OCR) at 3.6% after its November monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT.

It’s a holiday in Australia’s second city today (sorry, Melbourne, but its true). The holiday is for the Melbourne Cup horse race, known as ‘the race that stops a nation’.

Its not a holiday elsewhere in Australia but that won’t stop the celebrations. Sydney financial markets, for example, will pretty much grind to a halt at race time.

Markets are open, but as its says above, interest and liquidity will be thinned out.

Its RBA day, so try to stay sober until after 2.30pm local time, and even after 3.30pm local time when Reserve Bank of Australia Governor Bullock will hold her press conference.

This article was written by Eamonn Sheridan at investinglive.com.