{"id":55357,"date":"2025-10-31T03:38:33","date_gmt":"2025-10-31T07:38:33","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-react-to-tech-earnings-ecb-comments-and-mixed-economic-data\/55357\/"},"modified":"2025-10-31T03:38:33","modified_gmt":"2025-10-31T07:38:33","slug":"global-markets-react-to-tech-earnings-ecb-comments-and-mixed-economic-data","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-tech-earnings-ecb-comments-and-mixed-economic-data\/55357\/","title":{"rendered":"Global Markets React to Tech Earnings, ECB Comments, and Mixed Economic Data"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> and <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> shares surged on robust earnings reports, with Amazon&#39;s revenue jumping <strong>13%<\/strong> and Apple forecasting a &quot;best ever&quot; December quarter driven by strong <strong>iPhone 17<\/strong> demand.<\/li>\n<li>ECB Governing Council member Olli Rehn indicated that the impact of tariffs on inflation appears <strong>disinflationary<\/strong> in the short to medium term, while noting both <strong>upside and downside risks<\/strong> to growth and inflation.<\/li>\n<li>European economic data presented a mixed picture, with <strong>Switzerland&#39;s real retail sales<\/strong> seeing a significant annual increase of <strong>1.5%<\/strong> in September, while <strong>German retail sales<\/strong> also rose slightly month-over-month.<\/li>\n<li><strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> CEO Jensen Huang expressed hope to sell <strong>Blackwell chips to China<\/strong> despite current US restrictions, even as market share in China has reportedly fallen from 95% to zero.<\/li>\n<li><strong>Oil prices<\/strong> are poised for their <strong>third consecutive monthly loss<\/strong>, pressured by a stronger dollar, oversupply concerns, and the anticipation of <strong>OPEC+<\/strong> increasing supply.<\/li>\n<\/ul>\n<h3>Tech Giants Propel Market Optimism<\/h3>\n<p>Major US tech companies <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> and <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> delivered strong earnings, fueling positive sentiment across global markets. <strong>Amazon&#39;s<\/strong> shares surged by <strong>13%<\/strong> following a robust <strong>13% revenue jump<\/strong> and strong performance in its cloud computing division, Amazon Web Services (AWS). The e-commerce and cloud giant reported its fastest cloud unit growth in nearly three years, driven by AI demand.<\/p>\n<p>Similarly, <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> anticipates a &quot;best ever&quot; December quarter, buoyed by strong demand for its new <strong>iPhone 17<\/strong> lineup. The company&#39;s fiscal fourth-quarter results exceeded analyst expectations, with revenue reaching <strong>$102.5 billion<\/strong>. This positive outlook from tech heavyweights supported US futures, which saw gains after the earnings releases.<\/p>\n<p>Meanwhile, <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> CEO Jensen Huang stated his company still hopes to sell its advanced <strong>Blackwell chips to China<\/strong>, despite existing US export controls. Huang noted that Nvidia&#39;s market share in China for advanced AI chips has plummeted from <strong>95% to virtually zero<\/strong> under current restrictions, emphasizing the importance of the Chinese market for funding US-based research and development.<\/p>\n<h3>ECB&#39;s Rehn on Inflation and Growth Risks<\/h3>\n<p>European Central Bank (ECB) Governing Council member Olli Rehn provided insights into the economic outlook, stating that the impact of tariffs on inflation appears to be <em>disinflationary<\/em> in the short to medium term. Rehn also highlighted that there are <em>both upside and downside risks<\/em> to growth and inflation, with the overall impact of tariffs remaining uncertain. He reiterated that there have been no major changes to the ECB&#39;s economic outlook since the September meeting.<\/p>\n<h3>Mixed Economic Signals Across Europe<\/h3>\n<p>Recent economic data from various European nations presented a varied picture. <strong>Switzerland&#39;s real retail sales<\/strong> saw a significant year-over-year increase of <strong>1.5%<\/strong> in September, a notable improvement from the previous <strong>-0.2%<\/strong>.<\/p>\n<p>In <strong>Germany<\/strong>, September&#39;s retail sales rose <strong>0.2% month-over-month<\/strong>, exceeding the previous month&#39;s decline. However, the German Import Price Index showed a month-over-month decrease of <strong>-1.0%<\/strong> in September, though the year-over-year figure improved to <strong>0.2%<\/strong>.<\/p>\n<p>The <strong>UK housing market<\/strong> continued to show increases, with Nationwide reporting that house prices rose again in October by <strong>0.3% month-over-month<\/strong> and <strong>2.4% year-over-year<\/strong>, indicating resilience despite broader economic concerns.<\/p>\n<p>Conversely, <strong>Norway&#39;s unemployment rate<\/strong> edged up to <strong>2.2%<\/strong> in October, slightly higher than the previous <strong>2.1%<\/strong>.<\/p>\n<h3>Global Commodities and Trade Developments<\/h3>\n<p><strong>Oil prices<\/strong> are on track for their <strong>third consecutive monthly decline<\/strong> in October, with both Brent and WTI contracts expected to lose between <strong>3% and 3.5%<\/strong>. This downturn is attributed to pressure from a stronger US dollar, concerns over a looming supply glut, and the anticipation of <strong>OPEC+<\/strong> increasing production by an additional <strong>137,000 barrels per day<\/strong> in December.<\/p>\n<p>In other global trade news, South Korea and the US are reportedly nearing completion of a joint fact sheet on trade. Additionally, Chinese President Xi Jinping has welcomed Canada&#39;s Carney to visit China as Prime Minister, signaling potential diplomatic and economic engagements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Amazon (AMZN) and Apple (AAPL) shares surged on robust earnings reports, with Amazon&#39;s revenue jumping 13% and Apple [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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