European Shares Seen Tad Higher As Nvidia Smashes Earnings Expectations

RTTNews | 550天前

(RTTNews) - European stocks are seen opening a tad higher on Thursday after Nvidia said its revenue more than tripled, and profits rose nine-fold.

The A.I. chip maker also projected that its revenue would more than triple again, driven by robust demand for its specialized and costly semiconductors.

Asian stocks traded higher, with Japanese markets scaling to a record peak on expectations that a weak currency will bolster exporters' earnings.

Chinese and Hong Kong markets were seeing modest gains after China's securities watchdog banned major institutional investors from reducing equity holdings at the open and close of each trading day.

Elsewhere, Japan's factory and service sector activity data for February disappointed while elsewhere the Bank of Korea held its policy rate steady, as widely expected.

The dollar stemmed recent losses and gold ticked up slightly while oil edged up after settling down about 1 percent Wednesday on demand concerns.

European and U.S. PMI data along with U.S. reports on initial jobless claims and existing home sales may garner investor attention later in the day.

U.S. stocks ended mixed overnight as Nvidia earnings loomed and minutes from the Federal Reserve's Jan. 30-31 meeting revealed most officials remain wary of cutting interest rates "too quickly," fearing progress on inflation could stall out. The Dow and the S&P 500 recovered from earlier losses to end about 0.1 percent higher while the the-heavy Nasdaq Composite dropped 0.3 percent to extend losses for the third straight session.

European stocks also ended mixed on Wednesday as investors weighed improved Eurozone consumer confidence data against disappointing earnings updates from U.K. mining and banking heavyweights.

The pan European STOXX 600 eased 0.2 percent. The German DAX edged up 0.3 percent and France's CAC 40 added 0.2 percent while the U.K.'s FTSE 100 shed 0.7 percent.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 13分鐘前

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 43分鐘前

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 58分鐘前

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1小時13分鐘前