Good morning, you're listening to Markets Desk.
Stock futures are pulling back this Wednesday after Wall Street posted record closing highs in the previous session, with the Dow leading the retreat in pre-market trade. All eyes are on the Federal Reserve's September meeting minutes, due out today, which investors hope will offer clearer signals on the pace and depth of future rate cuts.
Shifting to semiconductors, Elon Musk and Intel's chief executive have both moved to reassure markets that Intel remains a core partner in the Terafab chip manufacturing project. That vote of confidence gave Intel shares a meaningful lift, welcome news for a company that has spent much of this year fighting to defend its relevance in an AI-driven landscape increasingly dominated by rivals.
On the fintech front, Capitolis has closed a two hundred twenty million dollar Series E financing round, using the capital to fund its acquisition of eSecLending. The deal strengthens Capitolis's position in the portfolio optimisation space, where demand for smarter securities finance solutions has been growing steadily as institutional investors look to squeeze more efficiency from their balance sheets.
That's the tape. Markets Desk, signing off the floor.
