CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

LIVE MARKETS-Everyone loves CoreWeave

By Reuters News

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

EVERYONE LOVES COREWEAVE

Just as investors were hoping falling oil prices had cooled inflation fears, a stubbornly hot US CPI report and a chorus of hawkish Fed speak reminded everyone that the question isn't whether rates rise again, it is by how much.

Overnight core inflation landed smack on 0.3%, exactly the number Fed Governor Waller had flagged would get him mulling a jumbo 50-basis-point hike in December. Two-year Treasury yields surged 18 basis points overnight, with the selling spreading to bond markets across Asia.

A quarter-point rate hike in December is now fully priced in, with a 10% risk that the Fed could even hike by 50 bps. Goldman Sachs was quick to call another one in March. Markets went even further to price in a third rate rise by the middle of next year.

The dollar surged and the whipping boy was the Aussie, which slid nearly 1% overnight to hit seven-month lows as traders bet its central bank is done tightening after five rate hikes this year and cuts could even arrive next year.

Stocks were bracing for a shaky open in Asia but proved resilient, with bubble fears flaring and fading almost by the hour.

CoreWeave, the firm at the centre of AI bubble fears, showed the boom isn’t short of customers. Revenue jumped 168%, sending its shares up 8% in extended trading after a 40% slide over the past month. The AI cloud company even forecast a path to profitability in the first half of 2028.

Nvidia’s selloff also steadied after two days of steep losses wiped a stunning $430 billion off its market value, as speculation swirled over whether CEO Jensen Huang would stay on following his affair with a suspected Chinese spy.

Throw in Anthropic pressing ahead with its $1.4 trillion IPO, and risk appetite found its footing again: Nasdaq futures rallied 1.3%, lifting Taiwanese and South Korean shares up by 2.7% and 2.1%.

SoftBank shares 9984.T also trimmed early losses to be down just 1% after reporting a $7 billion second-quarter loss tied to the hefty costs of building out US data centres.

So Europe wakes up to a market that wants to have it both ways: pricing in a more hawkish Fed path while still buying the dip in AI-adjacent names on every scrap of good news. Its pan-region stock futures are up 0.6%.

For now, the bulls have won the day. Whether they can hang on once the Fed meets in December and interest rates rise is the trillion-dollar question.

https://www.reuters.com/graphics/AUTOMATED-20261110/US-2-TREASURIES-50Y/zjpqlxjyovx/chart.png

Key developments that could influence markets on Wednesday:

  • US celebrates Veterans Day holiday

  • Germany CPI data for October

  • ECB President Christine Lagarde takes part in a panel discussion in Paris

(Stella Qiu)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.