US stock index futures strengthened on Thursday. The rebound in the chip sector calmed market tension, and TSMC's performance encouraged major stock indexes to rise. At 6:55 New York time, S&P 500 futures rose 0.4%, Nasdaq 100 futures rose 0.9%, and Dow futures were basically flat. Chip stocks led the way. Earlier, TSMC announced a 54% increase in quarterly earnings, which was better than expected. This offsets the impact of Asmat Holdings' earlier cuts in its 2025 performance guidelines. The Stoxx 600 index rose 0.7%. “TSMC's earnings are clearly positive, which to some extent allayed concerns surrounding the chip industry after Asmack's bleak report,” said Michael Brown, strategist at Pepperstone Group Ltd. “The risk outlook remains positive. In particular, developed market central banks are still lifting restrictive measures at a fairly rapid pace.” The ECB is about to announce its policy decision, and the market expects it to lower the benchmark interest rate by another 25 basis points to 3.25%. The 10-year US Treasury yield climbed 2 basis points to 4.03% before the data was released.

US stock index futures strengthened on Thursday. The rebound in the chip sector calmed market tension, and TSMC's performance encouraged major stock indexes to rise. At 6:55 New York time, S&P 500 futures rose 0.4%, Nasdaq 100 futures rose 0.9%, and Dow futures were basically flat. Chip stocks led the way. Earlier, TSMC announced a 54% increase in quarterly earnings, which was better than expected. This offsets the impact of Asmat Holdings' earlier cuts in its 2025 performance guidelines. The Stoxx 600 index rose 0.7%. “TSMC's earnings are clearly positive, which to some extent allayed concerns surrounding the chip industry after Asmack's bleak report,” said Michael Brown, strategist at Pepperstone Group Ltd. “The risk outlook remains positive. In particular, developed market central banks are still lifting restrictive measures at a fairly rapid pace.” The ECB is about to announce its policy decision, and the market expects it to lower the benchmark interest rate by another 25 basis points to 3.25%. The 10-year US Treasury yield climbed 2 basis points to 4.03% before the data was released.