Moving Markets: Daily News Wall Street hits record highs ahead of key earnings and central bank decisions
Oct 28, 2025
Joining the discussion are Lucija Caculovic, who provides insightful market commentary, Mathieu Racheter, an expert in equity strategy, and Manuel Villegas, a crypto analyst. They dive into the surge of global equity markets driven by US-China trade optimism and record highs in tech stocks like Qualcomm and AMD. Lucija also discusses the sharp pullback in gold and oil prices, while Mathieu highlights strong earnings and sector performance. Manuel examines October's crypto sell-off, linking it to event-driven volatility and macroeconomic factors.
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Trade Optimism Fuels Broad Rally
- Growing optimism on US-China trade sparked a broad rally across European and US markets. Wall Street hit record highs driven by tech and chip stocks benefiting from eased tensions.
Gold Retreats As Risk Appetite Returns
- Gold sold off sharply as investors took profits amid easing trade tensions and lower perceived uncertainty. Central bank buying still underpins gold but recent pullbacks reflect re-risking into equities.
Chip Makers Ride AI And Supercomputing Wave
- Qualcomm's pivot to AI and data-centre chips sparked an 11% stock jump as investors embraced its new direction. AMD's US Department of Energy partnership on supercomputers highlighted continued government-industry support for advanced compute.