- LSEG, the London Stock Exchange Group, announced a collaboration with Nvidia to let financial institutions run analysis across its 110 trillion-row Tick History database in seconds using GPU technology, compared with hours under conventional methods.
- ASML, the Dutch chip equipment maker, steadied nerves after a bruising week for semiconductor stocks, with the company indicating customer demand stretches well into 2028 and UBS tipping earnings upgrades of 5-10% in the wake of strong results and surging orders.
- The FTSE 100 closed 75 points higher, with miners and defence stocks leading the charge as the chip-sector sell-off lost momentum and sentiment steadied.
- Rio Tinto reported a solid third quarter operationally, with strong copper and iron ore production, though cost pressures at its Pilbara operations in Australia drew attention from analysts.
- JP Morgan upgraded Glencore and Anglo American, arguing both are well-placed to benefit from what the bank sees as a copper supercycle in the making.
That's your five for today
