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Arabica coffee futures edged higher to just under $3.80 per pound, partially recovering from the steep plunge earlier in the week that was triggered by heavy fund long liquidation after key technical support levels were breached. The market had become technically overbought during its recent rally, which accelerated the pace of selling. Adding to the correction, reports of rainfall in Brazil’s coffee belt improved expectations for next year’s crop. At the same time, structural supply pressures remain in focus, as Brazil—the world’s top coffee producer and exporter—reported that its soluble coffee shipments to the United States fell nearly 60% in August from a year earlier, following Washington’s imposition of a 50% trade tariff, according to a September 15 industry note.

Arabica Coffee Rebounds After Steep Selloff

Stocks in the US surged to fresh record highs on Thursday as investors embraced the Federal Reserve’s shift toward easier monetary policy and bets on further rate cuts. All the three indices hit records, with the S&P 500 rose about 0.6%, the Nasdaq 100 jumped 1.1%, and the Dow gained over 150 points. Traders cheered the Fed’s quarter-point cut and signals of two more reductions this year, viewing it as a pivot toward boosting growth rather than strictly containing inflation. Major tech stocks led the rally, with Intel shares skyrocketed more than 23% after Nvidia announced a $5 billion investment to co-develop chips, while Nvidia gained over 3%. On the data front, initial jobless claims fell much more than expected to 231K from a 4-year high, easing some concerns about the labour market weakness.

US Equities Set Sights on Fresh Record Close

The DAX in Frankfurt rose about 1.35% up at 23,671 on Thursday, notching its biggest daily gain since August 4 and outperforming its regional peers. Traders cheered the Federal Reserve's decision to lower interest rates by 25 basis points, and the hint that two more cuts are likely by the end of the year. Today, the Bank of England left interest rates unchanged, as anticipated, while investors eyed remarks from ECB President Lagarde and Executive Board members Guindos and Schnabel. On the corporate front, tech stocks, retailers and pharma companies were the top gainers. SAP was the standout performer, adding 5.4%, while Infineon Technologies rose 3.2%. Zalando surged 5.3% after announcing that major shareholder and supervisory board member Anders Holch Povlsen had purchased shares worth over €6 million.

DAX Enjoys Best Day in Over 6 Weeks

In Milan,  the FTSE MIB Index rose 353 points or 0.84 percent on Thursday. Leading the gains are STMicroelectronics (4.83%), Ferrari NV (3.39%) and Amplifon (2.79%). Top losers were MFE-MediaForEurope (-2.82%), Telecom Italia (-1.20%) and Davide Campari-Milano (-1.08%).

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