Web Trader MT5 
On Tuesday, Apple and Microsoft both surpassed a $4 trillion market cap, lifted by strong stock gains, though they remain behind Nvidia at over $4.6 trillion. Microsoft’s rise followed confirmation of its expanded 27% stake in OpenAI, while Apple’s rally has been fueled by strong iPhone 17 sales and improved sentiment ahead of upcoming earnings. Apple has also benefited from shifting supply chains away from China, reducing tariff risks and higher prices.
As a result, US indices broke new record highs during yesterday’s sessions. Nasdaq 100 was the biggest winner as it rose 0.68% to close at 26,026. S&P500 gained 0.22% to close at 6,892. While the Dow Jones closed 0.31% higher at 47,710 after reaching a high of 47,939 during the session.
Additionally, Nokia announced that Nvidia will invest $1 billion in the company, sending Nokia shares up more than 20%. The two firms also entered a strategic partnership to collaborate on future 6G networks and integrate Nokia’s 5G and 6G software with Nvidia’s chips, with potential inclusion of Nokia technology in Nvidia’s future AI infrastructure.
In early trading today, U.S. stock futures were mostly unchanged ahead of the Federal Reserve’s rate decision. Markets largely expect a rate cut of 25 basis points, though investors will be closely watching Powell’s tone and the likelihood of another cut in December.
Tech earnings from the Magnificent Seven and easing U.S.–China trade tensions are helping the overall sentiment in the market, while valuations and the ongoing government shutdown remain risks. This strong momentum is expected to continue if this week’s major events don’t disappoint. Investors are nearly fully pricing in a second consecutive 25 bps Fed cut, which could further support market momentum if Powell maintains a dovish tone.
In the Asian market, Japan’s Nikkei 225 surged past 51,000 for the first time, boosted by renewed optimism over U.S.-Japan trade cooperation and expectations of another Federal Reserve rate cut. The rally followed a new rare earths agreement signed by President Trump and Prime Minister Sanae Takaichi during Trump’s visit to Tokyo.
In Australia, CPI inflation rose to 3.2% in Q3, its fastest pace in over a year and above expectations, driven mainly by higher housing, recreation, and transport costs. Core inflation also ticked up to 3%, marking its first increase since 2022 and pushing overall prices back above the RBA’s 2%–3% target range. The high inflation number weighed on the ASX 200 but lifted the Australian dollar.
Gold prices stabilized above $3,900 after falling to a low of $3,886 yesterday. Silver prices also bounced back . Now trading above $47.50 per ounce.
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