European stocks reached new heights, driven by ASML's impressive earnings report, which saw the Dutch semiconductor equipment maker book more than twice the expected orders in the fourth quarter. This surge in ASML shares, up nearly 9%, has positively influenced the Stoxx 600, pushing it to a record high. However, the luxury sector faced headwinds as LVMH shares fell approximately 5% due to a decline in fashion and leather goods sales, underscoring the sector's sensitivity to sales performance.
In the US, equity futures also gained from ASML's strong performance, with Nasdaq 100 contracts rising 0.3%. Meanwhile, US Treasuries saw increased demand, with 10-year yields falling by 1 basis point to 4.52%, as investors seek safer assets ahead of the Federal Reserve's policy decision. The Bloomberg Dollar Spot Index edged up 0.1%, reflecting heightened dollar demand amid anticipation of Fed policy signals.
Oil prices have declined, with WTI crude falling 0.9% to $73.10 per barrel, indicating concerns over future demand or increased supply. As of 05:51 on January 29, Brent crude (CO1) is trading at $75.74, down from its last close of $77.49, amid these broader market dynamics.