TSMC released positive reports: net profit jumped 54%

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9:12

The chip giant TSMC published the results of the reports for the third quarter. According to the reports, the company’s net profit jumped by 54%, amid growing demand for AI chips.

The company’s revenues stood at approximately $10.1 billion in the quarter, beating forecasts of approximately $9.3 billion in revenues.

TSMC is the largest chip maker in the world, with customers like Nvidia andGoogle ,

8:50

Trading in Asia this morning has a mixed trend. In Japan the Nikkei falls by 0.4%, in China the Shanghai Index falls by 0.1% while the Hang Seng rises by 0.3%, the South Korean Kospi falls by 0.2%.

Wall Street futures are trading slightly lower this morning – the Nasdaq is down 0.3%, the Dow Jones is down 0.1% and the S&P 500 is down 0.2%.

At 15:15 (Israel time) the interest rate decision of the Central Bank of Europe will be published. Market expectations are for an interest rate cut of 0.25% to 3.25%.

In September, the European Central Bank lowered interest rates by a quarter of a percentage point to 3.5%, for the second time this year, after lowering interest rates in June.

The Wall Street stock exchanges closed last night with gains: the Dow Jones index added 0.8%, the S&P 500 rose about 0.5%, the Nasdaq closed with gains of about 0.3%.

Also in New York, Morgan Stanley shares rose by about 6.5% on the trading day last night. United Airlines jumped 12.4% after beating estimates for the third quarter and announcing a $1.5 billion share buyback. Netflix reports are expected to be released after the close of trading on Wall Street this evening.