SpaceX drops 1.4% in pre-market trading; reportedly seeking 40 billions in financing to purchase Nvidia chips

According to Zhitong Finance APP, Intel (INTC.US) CEO Pat Gelsinger stated that the company will continue working with Elon Musk on the Terafab project. This is a bold initiative by the billionaire to enter advanced chip manufacturing.

(1) The yield on French 10-year government bonds has risen above 4.8%, approaching the 20-year high of over 5% reached late last week, as fiscal concerns persist and oil prices return to focus. (2) France's borrowing costs are climbing amid elevated energy prices, rising inflation, and higher interest rate expectations, with its debt particularly impacted by concerns over whether the government can control spending before the 2027 presidential election. (3) The Paris 2027 budget plan proposes spending cuts, aiming to reduce next year's deficit to 5% of GDP, but a lack of credibility and a divided parliament may make this target hard to achieve. (4) Meanwhile, Brent crude is rising, reinforcing market expectations of further rate hikes by major central banks. (5) The market currently expects the European Central Bank to raise rates twice more by March 2027, with swap prices indicating about 75 basis points of tightening by the end of next year.

According to the Korea Economic Daily, it has been confirmed that Samsung Electronics' next-generation high-bandwidth memory product, "12-layer HBM4E," has passed quality verification by Nvidia and major hyperscale data center operators. This test is part of the process of validating products according to customer-specified standards. However, only the successful quality verification of the product has been confirmed at this stage; details such as supply quantities for each customer, contract scale, and the start time for mass production and supply remain unconfirmed. Industry insiders believe that, as the industry shifts to new-generation products, Samsung is likely to secure expanded supply opportunities ahead of competitors SK Hynix and Micron in the high-performance AI memory market.

Kristalina Georgieva of the International Monetary Fund stated that spillover effects have also impacted countries that previously received euro bailouts.