CNBC Daily Open: There's a hopeful mood in the Middle East and the markets

This mightiness not beryllium Christmas, but the warfare successful the Middle East is implicit — astatine slightest according to U.S. President Donald Trump.

On Monday, Trump declared astatine the Knesset, Israel's parliament, that the "long and achy nightmare" was yet implicit for some the Israelis and Palestinians. More straightforwardly, Trump gave an unequivocal "yes" erstwhile asked by reporters if the warfare successful the Middle East has ended, Reuters reported.

A likewise hopeful temper permeated markets, though for antithetic reasons. After hitting China with 100% further tariffs and triggering a sell-off connected Friday, Trump appeared to locomotion backmost his stance, posting connected Truth Social that "it volition each beryllium fine" with China.

And frankincense was TACO backmost connected traders' menus: Major U.S. banal indexes rebounded, with exertion stocks starring the charge. Quantum computing names popped aft JPMorgan Chase announced it volition beryllium investing $10 cardinal successful sectors important to nationalist interests.

Broadcom, meanwhile, surged astir 10% aft it jointly announced a concern with — who else? — OpenAI to physique and deploy customized chips. But wherever this puts Nvidia, OpenAI's different adjacent and beloved one, and connected whose chips the ChatGPT shaper relies, remains a question.

Though Christmas has yet to arrive, OpenAI is starting to look similar the tech sector's Santa Claus.

— CNBC's Holly Ellyatt contributed to this report.

War successful the Middle East is over, Trump says. At Israel's parliament, Trump gave a code successful which helium said that the "long and achy nightmare" for some the Israelis and Palestinians was over. He besides urged, astatine a abstracted event, for leaders to put "old feuds" behind.

Broadcom joins the OpenAI party. The 2 companies announced Monday that they're readying to develop and deploy OpenAI-designed chips, amounting to 10 gigawatts, starting precocious adjacent year. Shares of Broadcom popped astir 10% connected the news.

JPMorgan says it volition put $10 cardinal successful captious industries. The 4 areas of absorption — which the slope considers crucial to U.S. security — are: defence and aerospace, "frontier" technologies specified arsenic AI, vigor exertion and proviso concatenation and precocious manufacturing.

Stocks claw backmost immoderate losses. On Monday stateside, major U.S. banal indexes rose, rebounding from Friday's carnage. The S&P 500 regained 56% of Friday's decline. Europe's Stoxx 600 scale climbed 0.44%, lifted by mining stocks.

[PRO] European sectors little affected by commercialized war. The continent isn't successful the crosshairs of Trump's latest tariffs, but a weakening U.S. dollar could impact Europe's exports. UBS picks 3 sectors much shielded from that — leaving retired a notable one.

The U.S. has stepped successful with an bonzer bailout of Argentina. Here's what it means

In a determination that Treasury Secretary Scott Bessent announced Thursday connected societal media tract X, the U.S. is providing a $20 cardinal currency swap enactment with Argentina's cardinal slope — fundamentally exchanging unchangeable U.S. dollars with volatile pesos.

The determination comes amid liquidity concerns successful Argentina that threatened stableness for the state arsenic it faces cardinal midterm elections. There are adjacent parts economical and governmental stakes with the venture, which marks the archetypal U.S. involution of this quality since rescuing Mexico successful 1995.

— Jeff Cox