New Buy Rating for ASML Holding NV (0QB8), the Technology Giant

TipRanksJan 17 17:05 · Ratings

The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.

In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.

wallstreetcnJan 17 08:08

Tradepulse Power Inflow Alert: ASML Holding (ASML) Rises Over 2.4% After Alert

BenzingaJan 17 07:13

European stock markets have risen to a one-month high, boosted by sales from Richemont, which in turn lifted Luxury Goods stocks.

European stock markets rose to their highest level in over a month on Thursday, boosted by the Luxury Goods and Technology Sectors. Richemont saw double-digit sales growth, while Taiwan Semiconductor's positive outlook bolstered market sentiment. The Stoxx Europe 600 Index closed up 1% in London, continuing the previous trading day's upward trend. This Index recorded its largest gain in nearly four months on Wednesday after unexpected easing in inflation renewed bets that the Federal Reserve would lower interest rates sooner. Meanwhile, Richemont's strong performance reignited optimism in the Luxury Goods Industry, driving stock prices to record highs. LVMH surged more than 8%, while Hermès International rose 4.

Global Market ReportJan 17 02:19

ASML Holding N.V. (ASML): Powering the AI Revolution With Cutting-Edge Lithography Technology

Yahoo FinanceJan 17 01:59

European Equities Traded in the US as American Depositary Receipts Rise Thursday

MT NewswiresJan 17 00:21