{
  "id": 743877,
  "title": "Equities: AI rally and CPI relief lift US stocks – Deutsche Bank",
  "url": "https://urgent.news/2026/08/13/equities-ai-rally-and-cpi-relief-lift-us-stocks-deutsche-bank",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-13T06:57:58.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/equities-ai-rally-and-cpi-relief-lift-us-stocks-deutsche-bank-202608130657"
  },
  "original_language": "en",
  "account": "Deutsche Bank strategists report that equities, particularly US stocks, have benefited from an AI rally and reduced expectations for further Federal Reserve rate hikes following a US CPI data release. Treasuries in the front-end market showed strength, while volatility fell to its lowest level since January. AI-related stocks and broader US indices continued to gain from the favorable inflation situation.\n\nThe S&P 500 closed just 0.12% below its August 7 record high, with its equal-weighted equivalent reaching a new high. The Nasdaq and Russell 2000 also saw significant gains, while the Mag-7 underperformed. The VIX, a measure of market volatility, dropped to its lowest level since January, suggesting a potential August lull in market activity.\n\nSemiconductor stocks led the rally, with the Philadelphia Semiconductor Index up 2.49%. The index has gained 75.1% year-to-date and 18.7% from its low on July 29, though it remains 15.3% below its June record high. CoreWeave and Super Micro stocks surged following positive outlooks, while Nebius' stock jumped 34.14% due to a remarkable year-on-year revenue growth of 454%. Meanwhile, Tencent reported a 11% sales growth in China, but its shares fell 3.81% due to weaker-than-expected profits amid increased AI capital expenditures.\n\nAcross Asia, subdued US CPI data and continued tech rallies propelled indices forward. South Korea's KOSPI recovered from late July lows, entering a technical bull market. The Nikkei 225, CSI 300, and Shanghai Composite also advanced, while the S&P/ASX 200 saw a slight pullback.\n\nEuropean markets showed weaker performance, with the Stoxx 600 falling 0.16% after seven consecutive gains. The CAC 40, DAX, and FTSE 100 all slipped by 0.46%, 0.23%, and 0.10%, respectively. Despite the European market's softer outlook, all four major indices remain within 1% of their recent highs. Meanwhile, GBP/USD climbed toward a three-month peak near 1.3560, and EUR/USD reached the upper 1.1500s for the first time since mid-June. Gold rebounded close to $4,400 per troy ounce, driven by weakening US Dollar expectations and easing concerns over an imminent Fed rate hike. Central bank intervention in the Middle East remained a point of uncertainty.",
  "summary": "Deutsche Bank strategists highlight that the S&P 500 closed just below its record high as US CPI data reduced urgency for further Federal Reserve hikes. Front-end Treasuries rallied and semiconductor strength supported equities, while volatility fell to its lowest level since January.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Asian stocks rise on soft US CPI, AI earnings rally",
        "url": "https://urgent.news/2026/08/13/asian-stocks-rise-on-soft-us-cpi-ai-earnings-rally",
        "published": "2026-08-13T03:51:47.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}