Morning Report 16 Jan 26: Wall Street rebounds as TSMC sparks chip rally
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Morning Report 16 Jan 26: Wall Street rebounds as TSMC sparks chip rally
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Wall Street rebounded overnight as TSMC ignited a rally in chipmakers, lifting tech heavyweights while small caps continued to outperform. Goldman Sachs traders also notched a record-breaking performance. In Europe, shares climbed to fresh record highs, led by gains in technology and financial stocks. In commodities, oil slid 4% after comments from Donald Trump eased concerns over Iranian supply, while gold edged lower as stronger US jobs data boosted the US dollar. Back home, Aussie shares are expected to open flat after four consecutive sessions of gains.
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