Wallstreetcn
2024.07.18 09:03
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European stocks rebound, pre-market semiconductor stocks in the US generally rise, with Taiwan Semiconductor up more than 3%

Gold, Bitcoin, and oil prices edged up slightly, while the US dollar held steady and US bonds continued to be sluggish

On Thursday, July 18th, most European stock markets rebounded, with mixed movements in the three major US stock index futures. Nasdaq futures rose by 0.5%, with semiconductor stocks in the US rising across the board in pre-market trading, and Taiwan Semiconductor Industries (TSMC) up by over 3%. Gold, Bitcoin, and oil prices saw slight gains, while the US dollar remained stable and US Treasury bonds continued to show weakness.

European stocks showed mixed performances, with the Euro Stoxx 50 index down by 0.07% at the time of writing, the FTSE 100 index in the UK up by 0.66%, and slight increases in the stock markets of Spain, Italy, and France, while the German stock market saw a slight decline.

The three major US stock index futures showed mixed movements, with Dow Jones futures down by 0.06%, S&P 500 futures up by 0.22%, and Nasdaq futures up by 0.47%.

In pre-market trading, semiconductor stocks in the US rose across the board, with TSMC up by over 3%. The company's second-quarter net profit exceeded expectations, and its annual sales growth guidance in US dollars was revised upwards to above the mid-20% range.

Nvidia rose by over 2%, while AMD rose by nearly 3%.

US Treasury bonds continued to show weakness, with the yields on the 2-year, 10-year, and 30-year bonds all rising by 4 basis points intraday.

Gold saw a slight increase.

The US dollar remained stable.

Bitcoin rose by 1.3% intraday.

Oil prices continued to rise, with WTI crude oil up by 0.3% intraday