It will be one busy week the one that begins today on the financial markets, between monetary policy meetings, bursts of data quarterly of great magnitude and US economic data, while a glimmer of peace has been rekindled in Middle East which pushed down the price of Petroleum and the squares are rising AsianAn encouraging signal has come from the Chinese chipmaker Cxmt Corp, whose shares they jumped by 500% to them stock market debut in Shanghai, after the company raised $8,6 billion in Asia's largest initial public offering (IPO) this year. The good mood spread everywhere: this morning, the futures The S&P 500 rose 0,8%, while Nasdaq futures jumped 1,3%. In Europe, Eurostoxx 50 futures gained 1%,
Signs of de-escalation push Brent crude lower toward $90
The Iran said it would halt its attacks on condition that the United States does the same, he told yesterday Reuters a senior Iranian official. The decision comes as the United States They suspended their bombing campaign after Trump's advisers told them they were running out of targets and expressed concern about the'exhaustion of the US arsenalUS Ambassador to the United Nations Mike Waltz said in a statement:Fox News Sunday” and other US media that Trump had decided to suspend US strikes for give more time to diplomacy. However, the Yemeni Houthis, Aligned with Iran, they nevertheless attacked Saudi oil facilities along the Red Sea coast, threatening another vital waterway for the global oil trade. But investors chose to see a glimmer of hope for de-escalation, sending oil prices lower.
Il Brent fell 6% to $90,88 a barrel, while U.S. oil fell 6% to $83.87.
Central Bank Week: Fed, Bank of England, and Bank of Japan
After the ECB last week, three central banks will enter the scene this week after their monetary policy meetings: the Fed, the Bank of England, and the Bank of Japan. The meeting considered most important by investors is Wednesday, when the Federal Reserve will announce its rate decision. With oil prices jumping above $100 a barrel last week, fears have grown that monetary policymakers will be forced to adopt a more aggressive approach and raise rates to control inflation, which has consistently remained well above the Fed's annual target of 2%. The Fed is still expected to keep rates unchanged, but investors will look for clues about the future in the monetary policy statement and Kevin Warsh's subsequent press conference. Bank of England will hold its meeting on Thursday and the Bank of Japan on Friday, and they too are expected to keep rates unchanged while remaining cautious about future inflation risks.
A flurry of US quarterly data is coming. Nvidia is funding OpenAI for $250 billion.
It will be an intense week also from the point of view of the publication of the quarterly results US in the technology, industrial, defense and healthcare sectors which together will represent approximately a third of the companies in the S&P 500 index. Naturally the sector most under scrutiny is that ofartificial intelligence marked by concerns about the huge capital investment earmarked for artificial intelligence. The sums involved were highlighted in an article in Wall Street Journal according to which Nvidia is in negotiations to provide financial support of approximately 250 billion of dollars to OpenAI as part of a data center project.
After that AGoogle's parent company, triggered a sell-off in the industry last week as it ramped up its already large spending plans on artificial intelligence, creating a tense climate The same climate persists in view of the results to be published this week by other AI hyperscalers: Microsoft, Amazon and MetaDespite this week's setback, the benchmark S&P 500 index is still up more than 8% in 2026. With more than 80 companies already reporting results, S&P 500 second-quarter earnings are on track to post a 26,5% increase from a year earlier, according to LSEG IBES data as of last Wednesday.
The week will also offer investors insights with a series of updates on the U.S. economy, with the release of data on second-quarter gross domestic product, monthly inflation, and consumer confidence.
Asia on the rise. Eyes on the Chinese CXMT phenomenon.
Most Asian stock markets are trading moderately higher. This morning, attention is mainly on China where the Chinese memory chip maker Cxmt Corp scored a upside of more than 500% on the day of debut on the Shanghai stock exchange after the company raised $8,6 billion in Asia's largest initial public offering (IPO) this year. The rally values the company at over $530 billion, surpassing Intel's market capitalization ($465 billion) and that of the Industrial and Commercial Bank of China, China's former largest listed company by value. This confirms strong investor interest in domestic semiconductor champions, backed by the Beijing government, which aims to build a self-sufficient chip industry after persistent U.S. export restrictions. The Chinese electric battery maker Contemporary Amperex Technology rose after reporting better-than-expected first-half earnings and announcing a new share buyback program. The Shanghai Composite Index rose 0,4%, and the Shanghai Shenzhen CSI 300 gained 0,3%. Hong Kong's Hang Seng Index gained 0,7%.
The dramatic shift of investors towards the Chinese Cxmt phenomenon has reduced interest in the index Kospi South Korea, which, after a negative start, gained 0,7% towards the end of the session, helped by Samsung (+1,5%), while its champion SK Hynix loses more than 8%. Naver Corp, sharply up after announcing that Nvidia will acquire $1 billion in newly issued shares as part of a partnership to build an artificial intelligence data center.
La Central Bank of Singapore This morning it surprised everyone with its own restrictive policy, allowing a slightly faster appreciation of its currency. Elsewhere, Nikkei +0,3%, BSE Sensex +0,7%
European stock markets opened higher. At Piazza Affari, attention was focused on banks, oil companies, and StM.
European stock markets are expected to start the week on a positive note. Euro Stoxx 50 Index futures are up 1%.
Amplifon – JPMorgan raises its rating to Overweight, with a target of €16,70.
Banco Bpm, Mps According to press reports, a merger plan between Banca Monte dei Paschi di Siena and Banco BPM could be announced with the second-quarter results, or even earlier. Anima is considered to play a key role, with a 29,3% stake in Banco BPM held directly.
Eni – Prices fall 5% after US and Iran halt attacks.
Saipem Eni has been awarded new contracts in Ivory Coast and Italy worth a total of approximately €800 million. The company will publish its results after the market closes.
stm It could be influenced by the stellar debut of Chinese memory chip maker Cxm.
Stellantis – Piper Sandler cuts its rating from Overweight to Underweight, with a target of $4 (3,50 euros) from $14.
Unicredit Jens Weidmann, Chairman of Commerzbank, has invited the Italian institution to begin negotiations on a possible merger. The German bank has reportedly abandoned its last resistance to the deal and is seeking greater guarantees. JP Morgan and Morgan Stanley have raised their targets to 94 and 96 euros.
