AI Stocks Rally & Brent Rebounds - Europe Market Wrap
US stock futures rose as strong CoreWeave results and robust demand for Anthropic’s IPO drew traders back into AI stocks. Nasdaq 100 futures gained 1.9% as the sector recovered from its recent selloff. CoreWeave jumped 13% in early trading after strong sales growth eased concerns over its debt, with peers Iren and Nebius also advancing. OpenAI’s quarterly revenue reached $10 billion for the first time, while Anthropic’s bankers weighed a higher IPO valuation, the Financial Times reported. S&P 500 futures rose 0.9%, and Nvidia was on track for its first daily gain since news of the scandal involving its CEO broke. Brent climbed back toward $93 a barrel, halting a two-day decline, after a senior Iranian official ruled out giving up enriched uranium, underscoring how far apart the US and Iran remain. The Dollar edged higher. The cash Treasury market was closed for Veterans Day, but derivatives pointed to a continuation of Tuesday’s bond selloff. Europe’s Stoxx 600 rose 0.3% as tech and energy shares outperformed. Arms maker CSG fell to its lowest level since listing in January after cutting its full-year profitability outlook. European bonds rebounded, led by French and Italian debt.
US stock futures rose as strong CoreWeave results and robust demand for Anthropic’s IPO drew traders back into AI stocks. Nasdaq 100 futures gained 1.9% as the sector recovered from its recent selloff. CoreWeave jumped 13% in early trading after strong sales growth eased concerns over its debt, with peers Iren and Nebius also advancing. OpenAI’s quarterly revenue reached $10 billion for the first time, while Anthropic’s bankers weighed a higher IPO valuation, the Financial Times reported.
S&P 500 futures rose 0.9%, and Nvidia was on track for its first daily gain since news of the scandal involving its CEO broke. Brent climbed back toward $93 a barrel, halting a two-day decline, after a senior Iranian official ruled out giving up enriched uranium, underscoring how far apart the US and Iran remain. The Dollar edged higher. The cash Treasury market was closed for Veterans Day, but derivatives pointed to a continuation of Tuesday’s bond selloff.
Europe’s Stoxx 600 rose 0.3% as tech and energy shares outperformed. Arms maker CSG fell to its lowest level since listing in January after cutting its full-year profitability outlook. European bonds rebounded, led by French and Italian debt.