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August 12, 2026 - 09:35
4 minutes
(Bloomberg) — Stock futures advanced as upbeat results from CoreWeave Inc. and Super Micro Computer Inc. buoyed sentiment ahead of a key US inflation reading later today.Contracts on the Nasdaq 100 index rose 0.3% as CoreWeave surged 16% in extended trading after booming AI spending drove stronger-than-expected sales growth. Super Micro Computer Inc. rallied 7.6% in post-market trading as its revenue forecast topped estimates. European stocks were little changed, while in Asia, South Korea’s Kospi Index advanced 4%, with Samsung Electronics Co. and SK Hynix Inc. both jumping about 6% amid optimism over their shareholder-return policies.The results were welcomed by investors looking for evidence AI infrastructure companies can deliver the earnings needed to propel the tech rally further.“We see increasing evidence that demand remains strong and that companies can start monetizing their AI offerings,” said Stephan Kemper, chief investment officer at BNP Paribas Wealth Management Germany.Later Wednesday, US consumer prices data for July will be in focus as higher oil prices raise concerns that the Federal Reserve will need to hike interest rates. Treasuries steadied with the yield on the benchmark 10-year note little changed at 4.69%.Brent crude climbed 0.8% to $89.60 a barrel, extending its rally to a sixth day, as a Middle East peace deal remained elusive. The US and Iran both appeared to harden their positions in the long-deadlocked negotiations over the Strait of Hormuz, despite Pakistan’s defense minister saying the two countries are “close to some sort of arrangement.”“As each day passes without a resolution, market angst is steadily increasing,” Tim Waterer, chief market analyst at KCM Trade, wrote in a note. “Traders are growing more concerned that both sides are advancing demands that only add complexity and therefore reduce the likelihood of a workable deal materializing in the near term.”Oil’s gain added to investor caution in the run-up to the US inflation print. The headline gauge probably rose 0.1% in July following a 0.4% decline in the prior month, based on the median projection in a Bloomberg survey of economists ahead of Wednesday’s Bureau of Labor Statistics release.A softer reading may help alleviate some concern after three officials at the Federal Open Market Committee dissented in July in favor of raising interest rates.Elsewhere, the yen was little changed around 159.40 per dollar. Investors are watching the currency as it approaches the key level of 160, which may trigger Japanese authorities to intervene again. The dollar weakened against most of its Group-of-10 peers.Gold recovered from Tuesday’s losses, gaining 0.4% to about $4,390 an ounce.Corporate News:ABN Amro Bank NV reported quarterly profit that beat analysts’ estimates thanks to higher fees and growth in lending income, Natarajan Chandrasekaran has stepped down as chairman of Tata Sons Pvt. ahead of a potentially contentious annual shareholder vote, CNBC-TV18 reported. Vestas Wind Systems A/S lifted its profit guidance for the year after a jump in orders for its wind turbines. Some of the main moves in markets:StocksThe Stoxx Europe 600 was little changed as of 8:23 a.m. London time S&P 500 futures rose 0.2% Nasdaq 100 futures rose 0.4% Futures on the Dow Jones Industrial Average were little changed The MSCI Asia Pacific Index rose 0.8% The MSCI Emerging Markets Index rose 0.9% CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1538 The Japanese yen was little changed at 159.37 per dollar The offshore yuan was little changed at 6.7478 per dollar The British pound was little changed at $1.3510 CryptocurrenciesBitcoin was little changed at $63,675.75 Ether rose 0.4% to $1,888.64 BondsThe yield on 10-year Treasuries declined one basis point to 4.68% Germany’s 10-year yield was little changed at 3.16% Britain’s 10-year yield was little changed at 4.97% CommoditiesBrent crude rose 0.9% to $89.70 a barrel Spot gold rose 0.7% to $4,399.60 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from Ruth Carson, Elaine Lai and Anand Krishnamoorthy.©2026 Bloomberg L.P.
