Microsoft to rent data center capacity in Portugal for AI expansion - Bloomberg

Foreign companies are increasingly looking to expand their operations in the U.S. as a strategic move to mitigate the impact of tariffs. This trend highlights the ongoing adjustments in global trade dynamics and the importance of the U.S. market for international businesses. By establishing a presence in the U.S., these companies aim to navigate the complexities of tariffs while tapping into new opportunities, which could ultimately benefit the U.S. economy.

ASML has reported a surge in orders for its chip-making equipment, driven by the increasing demand for advanced semiconductors amid a frenzy of AI spending. This strong performance in the third quarter not only highlights the company's pivotal role in the tech industry but also reinforces its optimistic outlook for 2025, indicating a robust future for both ASML and the semiconductor market.

In today's episode of 'Bloomberg: The Opening Trade,' Anna Edwards, Guy Johnson, Lizzy Burden, and Mark Cudmore discuss the current state of market volatility. They highlight key themes that analysts and investors should pay attention to, emphasizing the importance of understanding this higher volatility regime. This conversation is crucial as it helps market participants navigate the complexities of trading in uncertain times.

In a recent discussion, Hao Zhou, Chief Economist at Guotai Junan International Holdings, addressed the ongoing trade tensions between China and the US, particularly highlighting China's refusal to purchase soybeans from the US. This comes as China's deflation eased slightly in September, although the country continues to experience its longest period of price declines since the late 1970s. Zhou's insights shed light on China's economic resilience amidst these challenges, making it a significant topic for both nations as they navigate their complex trade relationship.

Anita Krishna Gupta, CIO at Wealthbrix Capital Partners, discussed the Federal Reserve's upcoming interest-rate decisions with Bloomberg's Joumanna Bercetche. With Fed Chair Jerome Powell indicating a potential quarter-point cut, the conversation highlights the challenges posed by a government shutdown that complicates economic assessments. This matters as it reflects the Fed's balancing act between stimulating the economy and managing uncertainties.

ASML has reported a surge in orders, driven by the global rush towards artificial intelligence technologies. This positive trend highlights the increasing demand for advanced semiconductor manufacturing equipment. However, the outlook for China remains uncertain, which could impact future growth. Understanding these dynamics is crucial as they reflect broader trends in the tech industry and global supply chains.

ASML's Q3 2025 earnings call revealed impressive revenue growth, largely driven by the increasing demand for AI technologies. This surge in revenue not only highlights ASML's strong position in the semiconductor industry but also underscores the growing importance of AI in driving technological advancements. Investors and industry watchers are optimistic about ASML's future prospects as it continues to innovate and expand its market share.

Paul Conway, the Chief Economist at the Reserve Bank of New Zealand, recently shared insights on the potential for further rate cuts during a discussion at the Citi Australia & New Zealand Investment Conference in Sydney. This openness to adjusting rates could signal a proactive approach to stimulate the economy, which is crucial for businesses and consumers alike. As the central bank navigates economic challenges, these discussions highlight the importance of monetary policy in fostering growth and stability.

Recent reports indicate that China's deflation is easing, which is a positive sign for the world's second-largest economy. This development is crucial as it suggests a potential stabilization in prices and economic growth, providing a more favorable environment for investors. The insights from 'The China Show' hosted by David Ingles and Yvonne Man offer valuable analysis on these trends, helping global investors navigate the complexities of China's market.

The U.S. is making significant strides in submarine construction, aiming for a transformational improvement that is crucial for maintaining its undersea dominance against China. This effort highlights the importance of innovation and efficiency in military capabilities, ensuring that the U.S. remains a leader in naval power. With experts like Ryan Chua and Haslinda Amin discussing these developments, it's clear that the race to enhance submarine technology is not just about speed but also about strategic advantage.

Goldman Sachs has upgraded its rating for Thomson Reuters to 'Buy', citing significant growth potential in artificial intelligence. This upgrade is important as it reflects confidence in Thomson Reuters' ability to leverage AI technologies, which could lead to increased revenue and market competitiveness. Investors may see this as a positive signal for the company's future performance.

Jim McCormick, Citi's Chief Global Macro Strategist, highlights a concerning trend in the markets during a discussion at the Citi Australia & New Zealand Investment Conference in Sydney. He argues that the current market volatility is too low given the escalating trade tensions between the US and China. This matters because inadequate pricing of these risks could lead to significant market corrections, affecting investors and the global economy.

A recent report from a competition watchdog suggests that veterinarians should be required to publish their prices. This recommendation comes as many pet owners often find themselves unaware of the costs associated with veterinary services or do not receive estimates beforehand. By making pricing transparent, pet owners can make more informed decisions about their pets' healthcare, ultimately leading to better financial planning and trust in veterinary services.

LVMH shares have surged by 12%, marking a significant return to growth for the luxury powerhouse controlled by billionaire Bernard Arnault. This rally not only highlights LVMH's strong market position but also signals a broader recovery in the luxury sector, which is crucial for investors and the economy as a whole.

The latest list of the top 100 richest people in the world has been released, showcasing the immense wealth of individuals like Elon Musk and Jeff Bezos. This ranking not only highlights the financial success of these entrepreneurs but also reflects broader economic trends and the impact of technology on wealth accumulation. Understanding who the wealthiest individuals are can provide insights into market dynamics and investment opportunities.

Luis de Guindos, the Vice President of the European Central Bank, emphasizes the importance of simplifying financial regulations in Europe. He believes that by streamlining these rules, the financial industry can operate more effectively, which could lead to better economic outcomes. This perspective is crucial as it highlights the need for a more agile regulatory environment that can adapt to the fast-paced changes in the financial sector.

ASML has reported better-than-expected bookings for the third quarter, indicating strong demand for its semiconductor manufacturing equipment. However, the company has also expressed concerns about weakening demand from China, which could impact future growth. This is significant as ASML plays a crucial role in the global semiconductor supply chain, and shifts in demand from major markets like China could have broader implications for the tech industry.

Morgan Stanley has given Ryanair an Overweight rating, highlighting the airline's cost advantages in the competitive market. This positive outlook is significant as it suggests that Ryanair is well-positioned to outperform its peers, which could attract more investors and boost its stock performance. With travel demand rebounding, Ryanair's efficient operations may lead to increased profitability, making this news particularly relevant for stakeholders.