18/02/2025 Evening Reports
US Futures Rise on Ukraine Peace Hopes and Chip Sector Deals; Gold Nears Record High
- US equity futures pointed to a higher open as renewed talks between Russian and US officials raised optimism for ending the Ukraine war.
- S&P 500 futures increased by 0.3% and Nasdaq 100 by 0.4% following a holiday, while major chip stocks reacted positively—Intel jumped 5% after reports that TSMC and Broadcom are considering deals to break up a US chip giant, and Super Micro and Micron also advanced.
- European defense stocks rallied on expectations of increased military spending amid growing hope for peace negotiations, though concerns over rising borrowing costs pushed German 10-year bond yields higher. Meanwhile, Fed Governor Christopher Waller’s call to hold rates amid solid economic data bolstered the dollar, even as investors await further insights from upcoming Fed speeches.
- Gold extended its rally, trading around $2,915 an ounce after analysts raised its year-end target to $3,100, with prices up nearly 11% this year.
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