Despite a temporary respite in French government bond yields, deep-seated anxieties over the nation’s fiscal health remain, with the debt-to-GDP ratio hitting 119% and political uncertainty clouding the path toward deficit reduction.
Marvell Technology has upwardly revised its fiscal 2028 revenue guidance by $2 billion, citing robust demand for high-speed connectivity solutions in AI data centers. The company also raised its long-term outlook for custom semiconductor sales, projecting accelerated growth as AI infrastructure requirements expand.
Despite U.S. 10-year Treasury yields hovering near 5.3%, major stock indices continue to reach record highs. Investors remain resilient, banking on robust AI-driven earnings growth to offset the pressures of a high-interest-rate environment.
Nasdaq notched a record closing high as investors parsed cooling labor data, which eased concerns over a potential October interest rate hike. While mega-cap tech stocks led the gains, semiconductor names showed a mixed performance.
Slowing wage growth and tepid job creation have weakened the case for further immediate tightening by the Federal Reserve, fueling expectations that policymakers will hold interest rates steady this month. Market attention now shifts to the October 14 Consumer Price Index (CPI) report to gauge the trajectory of underlying inflation.
Following the Chuseok holiday, the South Korean stock market saw a marked divergence as the KOSPI index dipped 1.09%, while the KOSDAQ jumped 5.78% on increased activity in growth sectors.
US Treasury yields declined and stock index futures advanced after September employment growth fell short of market expectations, easing pressure on the Federal Reserve to rush into further interest rate hikes.
Expectations are mounting that the US Federal Reserve will hold interest rates steady in October, with Goldman Sachs pushing back its forecast for a potential further hike to December. Following softer-than-expected inflation data, market attention now turns to the September employment report as the next crucial test for monetary policy.
While the KOSPI finished September in positive territory, the broader market suffered a severe breadth contraction as heavyweights Samsung Electronics and SK hynix propped up the index while nearly 70% of listed issues declined.
근원 PCE 전월 대비 0.2% 상승…10월 인상 확률은 37.1%소비지출 0.9% 증가·GDP 상향…연말 추가 인상 가능성은 남아미국의 8월 개인소비지출(PCE) 물가 상승률이 시장 예상을 밑돌면서 연방준비제도(Fed·연준)의 10월 금리 동결 기대에 힘이 실렸다.
