mixed trend in Europe; Slight increases in contracts in New York

10:39

Trading in Europe is on a positive trend – the stock exchanges of Paris and Frankfurt are up by about 0.5%, London is down slightly.

08:45

In Asia, the morning increases when the main indices in Japan and South Korea rise to record highs – the Japanese Nikkei index jumped 1.49% to a record, in South Korea, the Kospi index jumped 4.84% to a record as well, completing a 100% jump since the beginning of the year and becoming the best performing stock index in the world.

Samsung Electronics shares jumped 6% after unionized workers approved a temporary wage deal, averting a strike that could have disrupted the chip industry’s global supply chains.

Chip stocks continued to lead the gains, with SK Hynix extending its surge in the past 12 months to more than 1,000%, becoming the third Asian company to reach a trillion dollar market value.

The Hang Seng index in Hong Kong traded unchanged, while the Chinese CSI 300 strengthened by 0.27%.

● The employees who remain immune and the question of the offices: in Vix are preparing for the giant layoffs

Yesterday, Wall Street returned from a long weekend and opened the week with gains in stocks and bonds, as hopes for an agreement between the US and Iran overshadowed the latest military conflicts in the Persian Gulf.

The Dow Jones is down slightly by 0.1%, the S&P 500 is up by 0.7%, the Nasdaq by about 1.25%. The latter two are trading at record highs.

Chip stocks stood out today and in particular Micron It jumped about 20% after UBS more than tripled its target price for the memory chip maker’s stock, and in the process its market value broke the trillion dollar mark for the first time. See expansion below. chip index, SOX Jumped by over 5% and completed a jump of 80% since the beginning of the year.

Expectations of a deal pushed the S&P 500 and Nasdaq to new highs, while bond yields fell after fears of an inflationary flare-up eased somewhat, leading traders to cut bets on imminent Fed rate hikes.

The recovery began already on Friday, when a share Qualcomm jumped more than 12% following its agreement with Stellentis to develop AI-based vehicles. The momentum also continued in Asia, where the Kospi index jumped by 2.6% with the support of chip giants Samsung Electronics and SK Hynix.

Another chip stock that has surged is Marvel . HSBC believes that the market still does not fully appreciate the company’s AI potential, even after the massive jump in the stock.

stock Oklo It soared after the company announced progress to an advanced stage of negotiations with the US Department of Energy as part of a federal program aimed at converting excess plutonium into fuel for next-generation nuclear reactors.

Space and satellite stocks rose as enthusiasm around the space sector intensified following the filing of SpaceX’s IPO prospectus last week. Redwire Corporation jumped up to 31%, I.S.T. Spice-Mobil by 20%, and Firefly Aerospace in 21%. The Canadian MDA Space also added about 10%.

The rally reflects the growing excitement surrounding the developing “space economy”, as investors look for companies that may benefit not only from the SpaceX IPO itself, but also from increased investment in space exploration, satellites and communications infrastructure.

Analyst Anders Shepherd McCantor wrote that SpaceX’s IPO “attracts more investors and attention to other companies that are well positioned in the space industry.” According to him, too Rocket Love and Satellogic are expected to be among the direct beneficiaries of the trend.

According to Bank of America data, the bank’s basket of American space stocks has jumped 61% since the beginning of the year, while the basket fund Procure Space ETF (NYSE: UFO ) rose by about 72% during this period, evidence that investors are beginning to see the space as one of the next hot narratives after AI.

After the Knicks advanced to the NBA Finals, the parent company, Madison Square Garden Sports peaked. The shares of the company that also owns the New Yorker newspaper have soared since the beginning of the year to more than 40% and increased its market value to over 8.6 billion dollars.

Three Israeli companies soared on Wall Street –

beginning Elbit Systems . The stock jumped 9% after it announced winning a contract worth about $1.4 billion for comprehensive military modernization programs for a European client, and published its financial results for the first quarter of the year.

Enlight Energy Soared 13% after announcing it would supply electricity to Google’s US server farms.

you discovered Soared by 14% without special reporting. A few days ago, the company reported on progress with Boeing that will allow the built-in installation of the Sidewinder antenna already during the aircraft production phase.

In the US, the bond market also calmed down after returning from the Memorial Day holiday. The US 10-year bond yield fell by more than 8 basis points to a level of 4.485%, while the two-year bond yield fell to 4.057% and the 30-year yield retreated to approximately 5.01%. The drop in yields reflects a certain easing of investors’ fears of further escalation in the Middle East and the continued pressure of inflation.