
Can Strong LEAP Demand Help ASE Technology Challenge AMKR & INTC?
ASX's LEAP demand is driving revenue and margin gains as AI infrastructure needs fuel advanced packaging growth and capacity expansion.
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ASX's LEAP demand is driving revenue and margin gains as AI infrastructure needs fuel advanced packaging growth and capacity expansion.

Julian Emanuel, Evercore ISI chief equity & quantitative strategist, says the odds of a Federal Reserve interest rate hike may keep rising ahead of the next decision that comes in September. Emanuel says that could cause some volatility in markets.

York Space Systems stock sinks after the satellite technology company slashed full-year revenue guidance on changes to how the government is awarding contracts.

In this episode, Tom Bruni, director of community and content for the CMT Association, and Sid Mokhtari, executive director at CIBC World Markets, break down the current market environment in the US and Canada - and where investors should focus next. Bruni explains why improving market breadth and healthy sector rotation continue to support the broader bull market case for the S&P 500 Index, even as leadership shifts away from the biggest technology names.

U.S. natural gas futures rose, with recovering LNG demand and hot weather keeping some support under the market after Thursday's slightly bearish storage report.

A rate rise next month looks increasingly unlikely, and that's boosting stocks. Data this week on consumer and producer prices have shifted bets in the Fed Funds futures market, which now suggest a nearly 70% chance of no change to rates. That was 56% a week ago, according to the CME FedWatch tool. Futures suggest a mixed open, though, and oil is up overnight after reports of another tanker attack in the Strait of Hormuz.

The current market is highly concentrated, with the top 10 stocks representing 40% of the S&P 500's weight, largely driven by AI tailwinds. Profit margins and earnings for top-heavy stocks have soared, supporting elevated valuations and mitigating traditional concentration risks.

Bank of America's chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That's creating some preferences for stocks over bonds.

Sky Harbour Group Corporation remains a speculative buy, with Q2 results showing the clearest signs yet of an operating inflection. Q2 revenue grew 50% year-on-year, operating loss narrowed, and operating cash flow turned positive for the first time. Pre-leasing, strong renewal economics, and lower construction costs support the investment case, but execution, lease-up, and dilution risks persist.

Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001

Sales at U.S. retailers fell in July for the first time in 14 months, but not because the economy sputtered. Americans spent less at gas stations because of cheaper fuel and they bought less online after Amazon's summer sales bonanza.

Retailers' sales fell by 0.6% last month to $763.6 billion, versus the 0.2% growth recorded in June.

The S&P 500 reached new highs as inflation reports eased, reducing expectations for further Fed rate hikes. Producer Price Index data was benign, supporting a patient Fed stance and alleviating concerns about rising input costs.

Turkey reduced oil purchases from Russian ports in July and is set to cut them further in August after Ukrainian drone attacks disrupted exports from Russia's Black Sea terminals, according to traders and LSEG shipping data.

Elon Musk's SpaceX and Jeff Bezos' Blue Origin are betting on orbital computing, bringing data centers to space. Insurers that aren't looking at space as the next frontier for insurance underwriting risk missing out on a big growth story, according to Patton Kline, Marsh U.S. aviation and space practice leader.