Daily Market Wrap 2025-11-11
The FTSE 100 touched an intraday record after softer UK jobs data pushed the pound lower, helping London-listed multinationals. AstraZeneca also set a fresh all-time high.
AI demand stayed in focus as Nebius signed a five-year, $3 billion infrastructure deal with Meta and reported Q3 revenue up fourfold.
Brazil’s central bank signalled confidence in holding interest rates at 15% to guide inflation toward its 3% target despite recent developments.
Paramount Skydance rose after outlining a $1.5 billion investment for streaming and studio units alongside cost cuts following the merger.
U.S. stock futures slipped as tech worries resurfaced and the government shutdown saga dragged on. Nvidia-backed CoreWeave lowered its revenue outlook due to data‑centre issues, adding to the cautious tone around parts of AI.
Our take: leadership is narrow — pharma strength in the UK, selective AI build‑outs, and targeted media spending — while broader sentiment remains headline‑sensitive. Focus on quality names, position sizing, and avoid chasing quick pops.