Markets
Nasdaq Futures Climb as CoreWeave Revives the AI Trade, While Asia and Europe Rise Despite a Hotter Fed Outlook
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Chip stocks lead gains in Asia and European indexes open higher, even as the 10-year Treasury yield sits near 5%.
By Emmanuel Cruz ·
Global stocks mostly rose on Wednesday, Nov. 11, as strong results from CoreWeave eased worries about artificial intelligence spending and investors set aside, for now, a hotter-than-expected U.S. inflation report that has pushed the Federal Reserve toward a December rate increase [1][2].
In Asia, chip-related shares led. Taiwan's Taiex gained 2.1%, helped by a 3.1% rise in TSMC, while South Korea's Kospi rose 1.6% to 5,321.10, with Samsung Electronics up 2.3% and SK Hynix up 3.4%, The Associated Press reported [1]. Japan's Nikkei 225 added 0.8% to 60,942.48, although SoftBank Group fell 3.7% after reporting a quarterly net loss of 1.1 trillion yen, about $7 billion [1]. Hong Kong's Hang Seng slipped 0.7% to 24,381.84 and the Shanghai Composite eased 0.3% to 3,653.86, while Australia's S&P/ASX 200 rose 0.1% to 9,132.30 [1].
European markets followed. In early trading the Euro Stoxx 50 and Germany's DAX were each up about 0.9%, France's CAC 40 gained 0.6% and Britain's FTSE 100 rose 0.7%, according to investingLive, which said the DAX was near its record high and that banks led the advance helped by results from UniCredit [3]. Reuters said pan-European stock futures were up 0.6% before the open [2].
U.S. futures pointed higher after a down day on Wall Street. On Tuesday the Dow fell 0.30% to 52,231.89, the S&P 500 lost 0.38% to 7,520.93 and the Nasdaq dropped 0.74% to 25,065.88, with Nvidia sliding 5.47% [4]. Early Wednesday, Reuters reported Nasdaq futures up 1.3% after CoreWeave's results, while investingLive put S&P 500 futures up 0.6% and Nasdaq futures up 1.5% [2][3]. Futures can change before the U.S. open.
The inflation backdrop is the main counterweight. October consumer prices rose faster than economists expected, and the 10-year Treasury yield climbed to 4.99% from 4.88% late Monday, AP reported [1]. Reuters said two-year yields jumped 18 basis points, that a quarter-point December hike is fully priced with about a 10% chance of a half-point move, and that Goldman Sachs expects another increase in March [2]. The U.S. bond market was closed for Veterans Day, which investingLive noted could distort moves in rates and currencies [3].
Oil offered some relief. Brent crude fell 1.2% to $91.49 on Tuesday and rose 1% to $92.42 a barrel early Wednesday, while U.S. benchmark crude gained 0.6% to $86.55, AP reported [1]. President Donald Trump said the Iran war "militarily is effectively over," AP reported, while investingLive pointed to hopes for de-escalation in the U.S.-Iran conflict as a reason oil fell [3].
Several events could shape the session. Germany's statistics office said it would publish final October inflation figures on Wednesday, after a provisional reading of 2.8% a year earlier [5]. ECB President Christine Lagarde is due to speak on a panel in Paris, Reuters said [2]. In China, the Singles' Day shopping festival begins, and its sales will serve as a gauge of consumer demand, according to AP [1].
The mood is cautious even with prices rising. Reuters noted that markets are pricing a more hawkish Fed while still buying dips in AI-linked stocks, and questioned whether bulls can hold their ground once the central bank actually raises rates [2]. InvestingLive similarly asked whether investors are regaining real confidence or are simply setting aside risks [3]. With the 10-year yield near 5%, rates, not only earnings, are a variable to watch.
Sources:
[1] The Associated Press, "Asian shares mostly rise on AI chip demand despite Wall Street's retreat on inflation data", November 10, 2026. https://www.wsls.com/business/2026/11/11/asian-shares-mostly-rise-on-ai-chip-demand-despite-wall-streets-retreat-on-inflation-data/
[2] Reuters, "Morning Bid: Everyone loves CoreWeave", November 10, 2026. https://www.933thedrive.com/2026/11/10/morning-bid-everyone-loves-coreweave/
[3] investingLive, "European stock market open: European stocks keep the good times rolling this week", November 11, 2026. https://investinglive.com/stocks/european-stock-market-open-european-stocks-keep-the-good-times-rolling-this-week/
[4] Yahoo Finance, "Stock market today: Dow, S&P 500, Nasdaq slip as hot CPI fuels rate hike odds, Nvidia stock sinks", November 10, 2026. https://finance.yahoo.com/markets/live/stock-market-today-tuesday-november-10-dow-sp-500-nasdaq-inflation-data-cpi-090627830.html
[5] Federal Statistical Office of Germany (Destatis), "Inflation rate of +2.8% expected in October 2026", October 30, 2026. https://www.destatis.de/EN/Press/2026/10/PE26_382_611.html
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.