• Global equity market sentiment remains positive, as renewed demand for AI-related stocks outweighs concerns about a more hawkish Fed following hotter-than-expected US inflation. Nasdaq 100 futures are up more than 1%, recovering part of Tuesday’s sell-off triggered by regulatory concerns, while S&P 500 futures are gaining 0.5%.

  • Positive sentiment is also visible in Europe and Asia. European index futures point to a higher open, while the MSCI Asia Pacific is up 1.6% after its strongest two-day advance in more than three months. Asian technology stocks remain the main drivers of the rally.

  • The AI narrative has been supported by CoreWeave’s optimistic outlook and rising expectations around a potential Anthropic IPO. Bankers working on the listing are reportedly considering an initial valuation of at least $1.5 trillion, highlighting the scale of investor demand for AI-related assets.

  • CoreWeave shares jumped nearly 13% in overnight trading after Q3 revenue rose 168% y/y to $3.66 billion, beating expectations of around $3.55 billion. The company also raised its 2026 revenue outlook to $13.0-13.3 billion from $12.0-13.0 billion, reinforcing signs of strong demand for AI computing capacity.

  • The rebound comes after CoreWeave shares had fallen more than 40% over the previous month amid concerns over debt-funded expansion, financing costs and the sustainability of AI infrastructure spending. The stronger results and guidance helped ease some of those fears.

  • The sector is also being supported by reports concerning OpenAI. The company’s quarterly revenue reportedly exceeded $10 billion for the first time, reinforcing the market’s view that heavy spending on AI infrastructure and development is still translating into very rapid revenue growth among industry leaders.

  • At the same time, the bond market remains under strong pressure following higher-than-expected US inflation. The yield on the 2-year US Treasury rose by as much as 17 basis points on Tuesday, marking its biggest one-day move in 19 months.

  • Money markets have started pricing in a 25 bp Fed rate hike as early as next month, while some market participants are also assigning a certain probability to a larger move. This reflects a clear shift in expectations toward a more restrictive monetary policy stance.

  • Oil is rebounding after two consecutive sessions of declines as investors assess the prospects for an end to the US-Iran conflict. Brent has nevertheless moved back above $92 per barrel, while an agreement between Washington and Tehran remains far from certain.

  • USDIDX, the US Dollar Index futures contract, is edging lower after strengthening by around 0.5% yesterday. The FX market is currently caught between support for the dollar from rising Treasury yields and more hawkish Fed expectations, and improving risk appetite across global equity markets.

Global equity market sentiment remains positive, as renewed demand for AI-related stocks outweighs concerns about a more hawkish Fed following hotter-than-expected US inflation. Nasdaq 100 futures are up more than 1%, recovering part of Tuesday’s sell-off triggered by regulatory concerns, while S&P 500 futures are gaining 0.5%.

Positive sentiment is also visible in Europe and Asia. European index futures point to a higher open, while the MSCI Asia Pacific is up 1.6% after its strongest two-day advance in more than three months. Asian technology stocks remain the main drivers of the rally.

The AI narrative has been supported by CoreWeave’s optimistic outlook and rising expectations around a potential Anthropic IPO. Bankers working on the listing are reportedly considering an initial valuation of at least $1.5 trillion, highlighting the scale of investor demand for AI-related assets.

CoreWeave shares jumped nearly 13% in overnight trading after Q3 revenue rose 168% y/y to $3.66 billion, beating expectations of around $3.55 billion. The company also raised its 2026 revenue outlook to $13.0-13.3 billion from $12.0-13.0 billion, reinforcing signs of strong demand for AI computing capacity.

The rebound comes after CoreWeave shares had fallen more than 40% over the previous month amid concerns over debt-funded expansion, financing costs and the sustainability of AI infrastructure spending. The stronger results and guidance helped ease some of those fears.

The sector is also being supported by reports concerning OpenAI. The company’s quarterly revenue reportedly exceeded $10 billion for the first time, reinforcing the market’s view that heavy spending on AI infrastructure and development is still translating into very rapid revenue growth among industry leaders.

At the same time, the bond market remains under strong pressure following higher-than-expected US inflation. The yield on the 2-year US Treasury rose by as much as 17 basis points on Tuesday, marking its biggest one-day move in 19 months.

Money markets have started pricing in a 25 bp Fed rate hike as early as next month, while some market participants are also assigning a certain probability to a larger move. This reflects a clear shift in expectations toward a more restrictive monetary policy stance.

Oil is rebounding after two consecutive sessions of declines as investors assess the prospects for an end to the US-Iran conflict. Brent has nevertheless moved back above $92 per barrel, while an agreement between Washington and Tehran remains far from certain.

USDIDX, the US Dollar Index futures contract, is edging lower after strengthening by around 0.5% yesterday. The FX market is currently caught between support for the dollar from rising Treasury yields and more hawkish Fed expectations, and improving risk appetite across global equity markets.

US100 (D1 interval)

Nasdaq 100 futures have staged a V-shaped rebound, resembling the reaction seen after all previous sharp corrections since 2025. For the third time since 2025, the index fell below the 200-session exponential moving average (EMA200) and is now on track to break back above this key average near 28,600 points. The EMA200 currently represents an important resistance level, while the key price-action support zone remains between 26,600 and 27,000 points. However, a continuation of the bull market from current levels is not yet guaranteed, as the index has still not fully reversed last Thursday’s sell-off.

Economic calendar: European earnings season in focus amid light macro calendar (11.11.2026)

Daily summary: CPI reading hits markets, hawkish Fed and Wall Street selloff

US OPEN: Higher CPI Inflation Cools Sentiment, Anthropic Targets $1.4 Trillion Valuation

Anthropic Debut Price. Does One Trillion Dollars Sound Reasonable?

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.