As Tech Recovers Ahead of the Fed, Nasdaq Futures Rise – Europe Market Wrap
US stock futures rose, extending their recovery from an AI-driven selloff at the start of the week as traders turned their attention to big-tech earnings and the Fed’s interest-rate decision.
Nasdaq 100 contracts rose 0.4%, while S&P 500 futures moved higher. In Europe, the Stoxx 600 index increased 0.7% with ASML soaring 11% as order bookings exceeded expectations, boosting semiconductor firms.
Following the DeepSeek announcement, Microsoft’s AI spending will be closely monitored when the firm reports. They are scheduled to provide an update to investors on its success in selling AI products, as well as the vast infrastructure buildout that enables this.
Central banks also appear to be easing, with the BoC expected to cut interest rates by a quarter point. The ECB is also likely to make a cut tomorrow.