Listen to today’s podcast: https://www.youtube.com/channel/UC-nqwUyvLDEvs7bV985k-gQ
Welcome back to the Stock Market Daily Podcast. Today’s podcast episode was created from the following stories: a rate-sensitive futures move on a major Fed nomination, standout corporate results and capex plans, shareholder returns from a global bank, an emerging markets bond sale, and coordinated responses to crypto volatility. Here are the highlights and why they matter.
Stock index futures slip as Trump picks Warsh for Fed chair
U.S. equity futures softened after President Trump nominated former Fed Governor Kevin Warsh as the next Fed chair, prompting traders to reassess the pace and likelihood of rate cuts. The piece flags a busy macro and earnings slate (PPI, Chicago PMI, and reports from energy, payments, and telecom giants) alongside mixed mega-cap moves driving global sentiment. Europe surprised to the upside on growth and jobs while Asia closed lower, underscoring a choppy cross-asset backdrop.
Celestica Q4 earnings call highlights
Celestica delivered record Q4 results, with revenue up 44% and adjusted operating margin at 7.7%, powered by hyperscaler demand in its CCS segment. Management outlined a step-change capex plan—about $1B in 2026—to expand capacity in Texas, Thailand, and other hubs, and raised its 2026 outlook to $17B in revenue and $8.75 in EPS. Visibility extends into 2027–2028 as 800G ramps continue and 1.6T programs begin to scale.
Nomura Q3 earnings call highlights
Nomura posted a 10.3% ROE for the quarter—its seventh straight above target—with strength across Wealth, business revenue in Investment Management, and Wholesale, even as digital asset operations weighed on the “other” segment. Management announced a buyback of up to 100 million shares (JPY 60B) and highlighted record recurring revenue assets and solid pipelines. Nine-month performance keeps the firm slightly ahead of its 2030 profitability path.
Muthoot Finance raises $600 million via overseas dollar bonds
Muthoot Finance raised roughly $600 million via a 4.5-year secured USD bond priced at 5.75%, tighter than initial guidance, marking its third overseas issuance in a year. The 144A/Reg S deal is backed by current assets and will support lending operations, with Deutsche Bank and Standard Chartered as global coordinators. The pricing underscores healthy demand for high-quality Indian credit amid a gradual reopening of Asia ex-Japan dollar supply.
Crypto’s rough day sets giants into ‘plunge protection’ mode
After a sharp selloff, Binance said it would shift its user protection fund into BTC and replenish it toward $1B if needed, while Tron’s Justin Sun signaled additional BTC purchases—moves aimed at calming market nerves. Still, tightening dollar liquidity and the prospect of a more hawkish Fed chair tempered risk appetite, leaving BTC near nine-month lows and majors broadly lower. Market breadth and dominance shifts bear watching once sentiment stabilizes.
Across markets, policy shifts, liquidity dynamics, and AI-led investment cycles are shaping the path ahead. Watch incoming inflation data and central bank signals, alongside corporate capex and buyback plans, as key catalysts for risk sentiment in the days to come.
