ll dilemma on international markets now it is this: which sectors and industries can increase their productivity thanks to investments in'artificial intelligence and which instead will be revolutionized by itself and will lose power. Yesterday we saw a new collapse on Wall Street in the sectors related to technology, with Cisco on the front line, but also in those of the transport, with the case Algorhythm. Sales also followed this morning on Asian markets although in a more tenuous way with operators attributing them to position adjustments in view of the vacation week to celebrate the Lunar New Year, rather, a trend of weakness. In fact, Asian markets continue to show a significantly better performance than the US ones. Today, investors will be carefully watching the data on US inflation, to have a better view on future decisions of the Fed on ratesGold and silver are trying to recover. Financial Times reported that Trump is planning to reduce some tariffs on steel and aluminum products
Yesterday on Wall Street, the tech crash was joined by the transport crash: the Algorhythm case
Wall Street indices fell sharply yesterday as investors intensified their selling of technology stocks and also abandoned the titles of the transport due to concerns about the impact of artificial intelligence. The tech-heavy Nasdaq closed down 2%, while the S&P 500 and Dow Jones fell more than 1%, while a less than exciting quarterly update from Cisco Systems: Shares of the network equipment supplier closed down 12,3%, recording its largest one-day sell-off since May 2022, after showing a lower-than-estimated quarterly adjusted gross margin.
Analysts note that Cisco's decline has likely encouraged investors to exit highly liquid megacaps such as Apple , dropped by 5%, Nvidia (-1,6%), Broadcom (-3,4%) And Amazon (-2,2%). Earnings season has rekindled investors' concerns about the ambitious capital expenditures this year, with Amazon, Google, Meta and Microsoft expected to collectively spend around 650 billion dollars in the race for artificial intelligence dominance.
In addition to software companies, whose index fell by 1,7% yesterday, has now been joined by companies of road haulage the latest target of investors' concerns about the artificial intelligence revolution: Algorhythm, reported by CNBC, announced that its SemiCab platform allows operators to increase freight volumes by 300% to 400% without increasing staffing. According to the press release, the SemiCab platform reduces “empty freight miles” by more than 70% across active customer networks. The company said that trucks travel nearly one in three empty miles, thereby losing more than $1.000 trillion in freight costs each year, citing data from Mordor Intelligence. Shares of Algorhythm they closed the session up nearly 30%.
Instead among the main trucking and logistics stocks CH Robinson and Erxo are worth mentioning
Shares fell 14,5% and 20,5%, respectively, during yesterday's trading session. JB Hunt Transportation Services fell about 5%, while Xpo lost nearly 6% and Washington-based logistics company Expeditors International fell about 13,2%.
I personal computer manufacturers fell after China's Lenovo warned of pressure on shipments due to a shortage of memory chips, weakening shares of HP down 4,5% and Dell Technologies che fell by 9%.
Investors are trying to orient themselves towards more defensive sectors such as public utilities, essential consumer goods and real estate
After digesting the latest employment data, investors are awaiting the January inflation report, due today. Wednesday's stronger-than-expected employment report fueled fears that the Federal Reserve may now be less inclined to cut rates.
The broad sell-off in stocks has prompted buyers towards US Treasury securities, with the yield on the benchmark 10-year note falling 7 basis points overnight, the biggest drop since October 10. In early trading Friday, it was stable at 4,1134%. A very strong auction of 30-year bonds helped push long-term yields lower. The 30-year yield fell 8,5 basis points overnight, settling at 4,728%, the lowest level since December 3.
Il Financial Times reported that Trump is planning to reduce some tariffs on steel and aluminum products, citing sources familiar with the matter.
Asia adjusts positions ahead of Lunar New Year week
The MSCI Asia Pacific Index fell 0,9% – its first decline in six sessions – with three stocks declining for every one rising. However, the indicator is set to record the best weekly earnings from September 2024. Chinese technology stocks fell as investors reduced risks ahead of the Christmas holidays. Lunar New Year of Mainland China and Hong Kong.
l Nikkei Japan's stock market slipped 1,3% but still rose nearly 5% for the week. Chinese blue chips fell 0,9%, while Hong Kong's Hang Seng Index slipped 2,1%. Bucking the trend, the index Kospi of South Korea rose by 0,9%.
Thursday's losses erased gains year to date of the S&P 500, which is now down 0,2% while the MSCI Asia Pacific index has risen about 12% this year, consolidating gains made in each of the last three years. Asian tech stocks They performed well, with the MSCI sector index rising 22%. The technology-heavy Kospi index gained 32%, confirming its position as the world's best-performing stock market. this year.
I precious metals They tried to recover from the heavy losses. rose 1,3% to $4.984 an ounce, after losing more than 3% on Thursday, while'silver rose 2,5% to $77 an ounce, after falling 10% overnight.
The prices of Petroleum continue to fall after a sharp 3% drop recorded in the previous session despite theAssociated Press reported that a US aircraft carrier It was sent from the Caribbean to the Middle East, heightening concerns about tensions with Iran. U.S. West Texas Intermediate crude oil fell 0,3% to $62,66 a barrel, while Brent crude futures fell 0,2% to $67,37.
European stock markets opened higher. At the Milan Stock Exchange, eyes are on Snam, Inwit, and Avio.
European markets are expected to open slightly higher. Euro Stoxx 50 futures are expected to rise 0,2%.
At the macro level, Eurozone GDP (second estimate) and employment for the fourth quarter of 2025 will be released today.
snam. A2a and Edison are among the industrial groups interested in Bioenerys, a wholly owned subsidiary of Snam that designs and develops biomethane plants and is valued at around €500 million. Il Sole 24 Ore reports, adding that a competitive process could begin in March.
Fincantieri. It will take an opportunistic approach to acquisitions, which are not the core of the company's growth strategy, said CEO Pierroberto Folgiero.
Inwit. Swisscom/Fastweb and Inwit have been debating the existing Master Service Agreement (MSA). According to Inwit, the contract cannot be renegotiated until 2038, while Swisscom believes there is scope for early termination by March 2026. Uncertainty remains high.
AvioThe European Ariane 6 launcher, which successfully completed its flight from French Guiana placing 32 Amazon Leo satellites into orbit, used four boosters developed by Europropulsion, a joint venture between Avio and ArianeGroup, for the first time.
Cementir. It expects gross operating profit in 2028 to be approximately 460 million euros; the 2026-2028 plan envisages the distribution of a growing dividend.
Redelfi. It is evaluating the disposal of US subsidiaries that currently do not contribute positive value to the group's EBITDA, a note says.
RevoIVASS has given Vittoria Assicurazioni the green light to increase its stake in Revo to 20%, writes M.F.
