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- Dow Extends Decline as Tech Weakness Weighs:<\/strong> The Dow Jones Industrial Average fell 171.50 points, or 0.37%, to close at 46,121.28, dragged down by continued pressure in AI-linked stocks.\u00a0<\/li>\n\n\n\n
- S&P 500 Pulls Back for Second Session:<\/strong> The S&P 500 slipped 0.28% to finish at 6,637.97, as investors trimmed exposure to high-growth technology names.\u00a0<\/li>\n\n\n\n
- Nasdaq Retreats Despite Intel Surge:<\/strong> The Nasdaq Composite declined 0.33% to settle at 22,497.86, as Nvidia\u2019s slide capped sentiment even as Intel jumped more than 6% on reports that Apple is considering an investment.\u00a0<\/li>\n\n\n\n
- Europe Markets End Mixed as Defence Stocks Rally:<\/strong> European equities closed with a softer tone after Fed Chair Powell flagged high valuations, though defence names gained strongly on comments from President Trump about Ukraine support. The pan-European Stoxx 600 edged down 0.14%, while London\u2019s FTSE 100 rose 0.29% to 9,250.43. Frankfurt\u2019s DAX advanced 0.23% to 23,681.7, lifted by defence stocks, with Germany\u2019s Renk and Hensoldt both up around 8%. Paris\u2019s CAC 40 fell 0.6% to 7,828, and Milan\u2019s FTSE MIB also edged lower. Beyond equities, Germany\u2019s Ifo business climate index fell to 87.7, marking the sharpest monthly drop in a year. Spain reported a 1.5% annual decline in producer prices, reflecting falling energy costs, while German home prices rose for a third quarter but remain 9% below their 2022 peak.<\/li>\n\n\n\n
- Asia Markets Mixed After Powell\u2019s Valuation Warning:<\/strong> Asian markets showed a split performance, with investor sentiment restrained by Wall Street\u2019s pullback and Powell\u2019s remarks. Japan\u2019s Nikkei 225 gained 0.3% to 45,630.31, though manufacturing PMI data slipped to 48.4, its weakest in six months, while services held in expansion at 53.0. Hong Kong\u2019s Hang Seng Index jumped 1.49%, supported by a more than 6% rise in Alibaba after it pledged a $53 billion AI investment. Mainland China\u2019s CSI 300 closed higher at 4,566.07. Australia\u2019s ASX 200 fell 0.92% as CPI exceeded expectations, while South Korea\u2019s Kospi lost 0.4% despite strength in defence stocks. In New Zealand, the central bank appointed Anna Breman as its first female governor.<\/li>\n\n\n\n
- Oil Prices Climb to Seven-Week High:<\/strong> Crude benchmarks rose sharply after US inventories unexpectedly fell by 607,000 barrels, defying expectations for a build. Brent gained 2.48% to settle at $69.31, its highest close since early August, while WTI added 2.49% to $64.99. Supply concerns linked to Iraq, Venezuela, and Russia also underpinned the rally.<\/li>\n\n\n\n
- Yields Rise as Traders Watch Economic Data:<\/strong> US Treasury yields moved higher ahead of key releases including jobless claims, GDP revisions, and the PCE inflation index later this week. The 10-year yield rose more than 3 basis points to 4.149%, while the 2-year yield also added over 3 basis points to 3.606%. Stronger-than-expected new home sales data at 800,000 units in August provided further support to yields.<\/li>\n\n\n\n
- US New Home Sales Surge On Lower Mortgage Rates:<\/strong> New single-family home sales rose 20.5% in August to an annualised pace of 800,000 units, well above forecasts of 650,000. July\u2019s figure was revised up to 664,000. Sales were 15.4% higher year-on-year as mortgage rates eased to an 11-month low of 6.26% after the Fed\u2019s 25 basis-point cut, though a cooling labour market may temper momentum.<\/li>\n<\/ul>\n\n\n\n
FX Today:<\/strong><\/p>\n\n\n\n
![\"\"](\"https:\/\/www.infinox.com\/global\/wp-content\/uploads\/sites\/5\/2025\/09\/Currency-Strenght-25Sep25.png\")
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- EUR\/USD Slides to Session Low with Support in Focus:<\/strong> EUR\/USD closed at 1.1736, down 0.67%, after trading between 1.1819 and 1.1736. The pair ended on the session low, showing strong selling momentum after rejection at intraday highs. It remains above the 50-day moving average at 1.1676, the 100-day at 1.1580, and the 200-day at 1.1145, keeping the broader uptrend intact despite near-term weakness. The bullish structure since April, defined by successive higher lows, is under pressure as buyers struggle to defend higher levels. Initial support is seen at 1.1700\u20131.1675, where the 50-day average aligns, while resistance sits at 1.1820\u20131.1900, an area that has repeatedly capped upside moves. A close beneath 1.1675 would expose 1.1580 and risk a deeper retracement, but a recovery above 1.1820 would restore momentum and shift focus back towards the September highs near 1.1900.<\/li>\n\n\n\n
- GBP\/USD Weakens After Rejection at 1.3530 Resistance:<\/strong> GBP\/USD closed at 1.3445, down 0.60%, after trading between 1.3528 and 1.3427. The pair ended just above the session low, underlining firm selling pressure following rejection at 1.3530 resistance. It now sits marginally above the 50-day moving average at 1.3470, the 100-day at 1.3486, and the 200-day at 1.3121, with a tight cluster of levels creating a key technical pivot. Despite attempts to push higher since July, repeated failures around 1.3530\u20131.3600 have shifted bias lower, leaving sellers in control. First support rests at 1.3425\u20131.3400, and a close below this zone would risk accelerating declines towards the August troughs near 1.3300. Resistance remains capped at 1.3530\u20131.3600, where rallies have consistently faltered.\u00a0<\/li>\n\n\n\n
- USD\/CAD Pushes Higher to Retest 1.3920 Barrier:<\/strong> USD\/CAD closed at 1.3900, up 0.48%, after trading between 1.3834 and 1.3900. The pair ended on the high, confirming strong buying momentum and extending the run of higher lows seen over the past fortnight. Price has now moved above the 50-day moving average at 1.3739 and the 100-day at 1.3761, with the 200-day at 1.3999 acting as the next major resistance. The shift higher since late August has strengthened the near-term structure, with buyers defending dips and extending rallies into resistance. Immediate support is now seen at 1.3840\u20131.3800, where rising averages should provide a base. Resistance lies at 1.3920\u20131.3950, ahead of the 200-day average at 1.3999, which represents the critical test for a breakout.\u00a0<\/li>\n\n\n\n
- USD\/CHF Rebounds from Lows Toward Moving Average Cluster:<\/strong> USD\/CHF closed at 0.7952, up 0.54%, after trading between 0.7905 and 0.7957. The pair finished near the session high, signalling renewed demand after holding firm around recent lows. It now trades just beneath the 50-day moving average at 0.8011 and the 100-day at 0.8080, while the 200-day much higher at 0.8443 defines the wider downtrend. Since mid-July, lower highs have dominated the structure, but repeated failures to break below 0.7850 suggest a base is forming. Initial support is positioned at 0.7900\u20130.7880, while resistance comes in at 0.8010\u20130.8080, where the moving averages converge.\u00a0<\/li>\n\n\n\n
- Gold Retreats After Failing to Clear $3,780 Resistance: <\/strong>Gold closed at $3,730, down 0.91%, after trading between $3,779 and $3,718. The metal ended near the low, showing clear profit-taking after rejection at resistance around $3,780. Despite the pullback, it remains comfortably above the 50-day moving average at $3,457, the 100-day at $3,390, and the 200-day at $3,147, keeping the wider bullish structure intact. The uptrend since July has been reinforced by higher highs and higher lows, though the latest action shows sellers challenging momentum after the recent surge to record levels. Initial support is located at $3,700\u2013$3,680, where buyers may look to reassert control, while resistance is at $3,780\u2013$3,800, where a breakout would open the path to fresh highs.\u00a0<\/li>\n<\/ul>\n\n\n\n
Market Movers:<\/strong><\/p>\n\n\n\n
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- uniQure Surges on Positive Trial Results:<\/strong> uniQure NV jumped more than 240% after its Phase I\/II trial of AMT-130 for Huntington\u2019s disease met its prespecified endpoint, with high-dose patients showing a statistically significant slowing of disease progression at 36 months.<\/li>\n\n\n\n
- Freeport-McMoRan Slumps on Supply Disruption:<\/strong> Shares fell over 16% after the company declared force majeure on contracted copper supplies and suspended operations at its Grasberg mine in Indonesia following a deadly mudslide.<\/li>\n\n\n\n
- Bloom Energy Drops After Analyst Downgrade:<\/strong> The stock fell more than 10% after Jefferies cut its rating to underperform from hold and set a price target of $31.<\/li>\n\n\n\n
- Acadia Pharmaceuticals Falls on Trial Failure:<\/strong> Shares slid more than 9% after a Phase 3 trial of intranasal carbetocin in patients with Prader-Willi syndrome failed to meet its primary endpoint.<\/li>\n\n\n\n
- Chip Stocks Gain on Buybacks and Deals:<\/strong> Marvell Technology surged 7% after unveiling a $5 billion share repurchase plan, while Intel climbed more than 6% on reports of potential Apple investment. ARM and Qualcomm added over 2%, with Microchip, ON, NXP, and Texas Instruments up more than 1%.<\/li>\n\n\n\n
- Energy Producers Rally With Oil Prices:<\/strong> US oil majors advanced as WTI crude rose over 2%, with Phillips 66 up more than 3% and ConocoPhillips and Devon Energy up over 2%. APA, Baker Hughes, Marathon, Occidental, Chevron, and Diamondback Energy also gained more than 1%.<\/li>\n\n\n\n
- Iren Ltd Jumps on Buy Rating:<\/strong> Shares rallied more than 13% after Arete initiated coverage with a buy recommendation and a price target of $78.<\/li>\n<\/ul>\n\n\n\n
Markets showed renewed caution as heavy selling in AI leaders weighed on Wall Street, while Europe and Asia also grappled with valuation concerns flagged by the Fed. Defensive sectors and selected chipmakers offered resilience, but the broader tone remains unsettled as traders eye fresh economic data and a looming US government funding deadline. With Treasury yields edging higher and oil extending gains, investors appear poised for further volatility in the days ahead, testing appetite for risk after a strong start to the month.<\/p>\n","protected":false},"excerpt":{"rendered":"
US equities closed lower for a second straight session as selling pressure spread across the technology sector, with artificial intelligence leaders Nvidia and Oracle leading declines. The pullback came as investors questioned the sustainability of the AI trade and digested Federal Reserve Chair Jerome Powell\u2019s caution over stretched market valuations. While some chipmakers such asContinue Reading<\/a><\/p>\n","protected":false},"author":28,"featured_media":26867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[110,1,112],"tags":[140,138,136],"class_list":["post-26865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-espresso-morning-call","category-ix-intel","category-market-news","tag-international-news","tag-market-updates","tag-whats-new"],"acf":[],"aioseo_notices":[],"lang":"en","translations":{"en":26865,"vi":26868,"zh_cn":26870,"pt":26906,"th":26938,"ko":26940,"zh_tw":26960,"es":26971,"jp":26974},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/26865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/comments?post=26865"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/26865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/26867"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=26865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=26865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=26865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Freeport-McMoRan Slumps on Supply Disruption:<\/strong> Shares fell over 16% after the company declared force majeure on contracted copper supplies and suspended operations at its Grasberg mine in Indonesia following a deadly mudslide.<\/li>\n\n\n\n
- GBP\/USD Weakens After Rejection at 1.3530 Resistance:<\/strong> GBP\/USD closed at 1.3445, down 0.60%, after trading between 1.3528 and 1.3427. The pair ended just above the session low, underlining firm selling pressure following rejection at 1.3530 resistance. It now sits marginally above the 50-day moving average at 1.3470, the 100-day at 1.3486, and the 200-day at 1.3121, with a tight cluster of levels creating a key technical pivot. Despite attempts to push higher since July, repeated failures around 1.3530\u20131.3600 have shifted bias lower, leaving sellers in control. First support rests at 1.3425\u20131.3400, and a close below this zone would risk accelerating declines towards the August troughs near 1.3300. Resistance remains capped at 1.3530\u20131.3600, where rallies have consistently faltered.\u00a0<\/li>\n\n\n\n
- S&P 500 Pulls Back for Second Session:<\/strong> The S&P 500 slipped 0.28% to finish at 6,637.97, as investors trimmed exposure to high-growth technology names.\u00a0<\/li>\n\n\n\n