Goldman: state pauses may stall 45% of planned US data centre capacity, briefly
Goldman says states set to tighten data centre rules account for 45% of planned US capacity, but expects any pauses to be short-lived.
European stocks opened slightly lower Friday as profit-taking set in after a post-Fed rally; BOJ raised rates to 1.25%.
European shares dipped slightly at the open on Friday, returning a portion of the gains from Thursday's recovery after the Federal Reserve's decision. The declines were moderate and spread evenly:
The open appeared to reflect profit-taking and consolidation rather than a renewed risk-off mood. Thursday had seen strong gains for European equities, supported by lower oil prices and declining bond yields that allowed markets to absorb the Fed's rate hike.
No major corporate news from Europe was driving trade on Friday. The focus instead was on the Bank of Japan, which increased its policy rate by 25 bps to 1.25%, the highest in 31 years. The decision came on a 7-2 vote, with two dovish dissenters softening the tone, which helped keep USD/JPY around 157 instead of triggering a broader risk-off move.
Oil prices also provided some underlying support for markets. Brent crude fell nearly 2% to $102.80, declining for a third consecutive session as worries about Saudi supply disruptions faded.
Adding to the picture, the broader tone from Wall Street stayed positive after Thursday's technology-driven rally. S&P 500 futures gained 0.3% and Nasdaq futures rose 0.7% on the day.
Overall, the European open was cautious and slightly weaker, not a full risk-off move.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Goldman says states set to tighten data centre rules account for 45% of planned US capacity, but expects any pauses to be short-lived.
After the Democratic midterm sweep, Fundstrat's Tom Lee expects tech stocks to climb 15%-20% as hedge funds rebuild exposure; data center stocks fell Wednesday.
AstraZeneca reportedly made a $10 billion offer for Rhythm Pharmaceuticals, sending shares up 28% and targeting the obesity and rare disease markets.
The S&P 500 hit an extreme oversold level on Nov. 2 even as 46.8% of its stocks were overbought, a split unseen in 36 years.