ACFMarketWrap: A $63bn AI financing deal is firing up chip stocks as falling oil prices give Wall Street another lift ahead of the Fed - US equities mostly advanced Tuesday as semiconductor gains, easing energy costs and mixed corporate earnings kept investors engaged ahead of Wednesday's crucial interest-rate decision. The S&P 500 gained 0.3%, Nasdaq 100 climbed 0.7% and Dow held near flat. $AVGO surged over 4% after a banking consortium and $BX announced $63bn in financing linked to Anthropic's use of Broadcom technology, reinforcing confidence in large-scale AI infrastructure spending. Earnings delivered sharp contrasts: $JBLU soared 12% on an upbeat margin outlook, while $UPS gained 2% after beating profit expectations. However, $BA ▼9% after reporting a larger-than-expected 3Q26 loss, and $GLW ▼4% despite stronger-than-forecast results. $WHR ▼over 1% following a quarterly loss, while $PYPL ▼ 0.5% after 3Q26 revenue disappointed. Attention now turns to the Fed, with rates widely expected to remain unchanged as investors scrutinise policymakers' guidance for signs of further tightening before year-end. Mag 7 mixed: $GOOG +1.08%, $NVDA +0.91%, $MSFT -0.01%, $AMZN +1.79%, $TSLA +3.63%, $META -1.01%, $AAPL +0.65%. Europe extended its recovery for a second session as declining oil prices improved the inflation outlook amid renewed diplomatic efforts to resolve the US-Iran conflict. The Euro STOXX 50 +0.8% and STOXX 600 +0.5%, with Italy +0.8%, Germany and Spain +0.7%, and France +0.4%, while the UK bucked the trend with a 0.7%▼. Mining and technology stocks led the advance, while personal care and automakers lagged. Corporate results remained a major source of volatility: $HSBA ▼5.4% after 3Q26 profits missed expectations, while $RKT ▼4.9% after cutting its sales outlook amid US supply constraints and weaker vitamin demand in China. $P911 gained 3.8% as resilient profitability helped offset declining vehicle deliveries. UK bucked the trend. Mining and technology stocks led the continental advance, while personal care and automakers lagged. London faced a tougher session, with the FTSE 100 ▼ > 0.5% as disappointing earnings and weaker energy shares overshadowed a mining rally. Oil majors also struggled as Brent retreated on renewed US-Iran peace hopes, sending $SHEL.L▼1.7% and $BP.L ▼2.8%. Miners provided a rare bright spot, with $ANTO.L + 4.6%, while $EDV.L, $FRES.L and $RIO.L + ~2.5% each and $AAL.L +2.3%. UK inflation pressures also resurfaced as October shop price inflation accelerated to 2.1% y/y from 1.4% in September, exceeding the 1.6% forecast and complicating the outlook for consumer spending and monetary policy. Next in focus: API Crude Oil Stock Change. ACFview @WizardBattery @EU_Startups @Share_Talk @ZaksTradersCafe @zakmir @VOXmarkets @focusIR @LondonSouthEast @BullsNBearsWA @ArthurBenta

ACFMorningMeeting - Europe sneezes? - A semiconductor rally lifted Asian shares, but European futures turned lower ahead of the Fed, the UK Budget and large-company results. HSBC's profit growth and Novartis's guidance upgrade show that investors still have company-specific earnings to weigh against the weaker opening call. Opens - FTSE 100 futures were 10,736.5 -0.58%, EURO STOXX 50 futures 6,098 -0.61% and DAX futures 25,443.5 -0.43%; CAC 40 futures were 7,829 -0.45%. US futures: Dow +0.07%, S&P 500 -0.10%, Nasdaq 100 -0.43%. Earlier Asian cash markets: Nikkei +2.2%, Kospi +3.6%, Hang Seng -0.2%, Shanghai -0.1%. $STOXX $FTSE $FTMC $DAX $CAC $DJI $GSPC $IXIC Stock Watch - HSBC $HSBA.L reported 3Q PBT of $9.63bn +32%, but much of the reported increase reflected the non-recurrence of a prior-year legal provision; it announced a further buyback of up to $1bn. Novartis $NOVN.SW lifted its YE26E core operating-income outlook after 3Q core operating income rose +10% at constant currency, while reported net income fell -70% after a pipeline impairment. Commods - Brent c.$115.96/bbl, WTI c.$101.68/bbl, GOLD c.$4,004/toz -0.31% and COPPER c.$6.51/lb (broadly flat). COCOA $5,490/MT -1.82%, with no new driver verified; SUGAR raw benchmark CFD 19.10¢/lb -5.63% as lower oil, a weaker Brazilian real and resumed crushing impacted pricing; COFFEE Arabica-linked benchmark 300.95¢/lb -2.11% as a weaker real and improved supply expectations influenced expectations. Data Focus - The Fed meeting begins today. US durable-goods orders and consumer confidence are also due today; the UK Budget and Fed decision follow Wednesday, with the ECB decision Thursday. ACFView: We still prefer EPS with clear correlations with cash generation over a broad semiconductor rally until European shares and bond yields confirm there is solid appetite for risk. @WizardBattery @EU_Startups @Share_Talk @ZaksTradersCafe @zakmir @VOXmarkets @focusIR @LondonSouthEast @BullsNBearsWA @ArthurBenta @aimrns