European Shares Set For Strong Start As Nvidia Defies AI Bubble Fears

RTTNews | 21 ngày trước

(RTTNews) - European stocks may open on a buoyant note Thursday, with tech stocks likely to be in focus after Nvidia forecast fourth-quarter revenue above Wall Street estimates and delivered a surprisingly strong revenue forecast, soothing fears of an AL bubble.

The focus also remains on the September U.S. jobs report later in the day, which was delayed by the U.S. government shutdown.

After minutes from the Federal Reserve's October meeting showed disagreements between Fed officials over October rate cut, markets currently price in a 33 percent likelihood that the Fed will cut its benchmark overnight borrowing rate by a quarter percentage point during its upcoming December meeting, significantly lower than their bets just a month ago.

Asian markets were broadly higher, with Japan and South Korea pacing regional gains.

China's yuan edged down to a more than one-week low against the dollar as the People's Bank of China maintained its benchmark lending rates for the sixth straight month.

Gold was marginally lower as the dollar gained on reduced expectation for Fed rate cuts.

Oil ticked higher after falling sharply in the overnight U.S. trading session on signs of weaker demand in the U.S. and easing supply concerns.

Additionally, media reports suggest that the Trump administration has been quietly hammering out a new peace plan with Russia to end its war with Ukraine.

U.S. stocks fluctuated before ending higher overnight as technology stocks surged ahead of Nvidia's quarterly results.

The upside was capped as Target missed quarterly comparable sales estimates and the Federal Reserve's October meeting minutes revealed officials had mixed views about the outlook for interest rates and the inflationary impact of tariffs.

The Dow inched up 0.1 percent and the S&P 500 added 0.4 percent to snap a four-day slide, while the Nasdaq Composite gained 0.6 percent.

European stocks ended little changed on Wednesday after having suffered notable losses in recent sessions amid concerns about AI bubble and uncertainty surrounding Fed interest rate moves.

The pan European Stoxx 600 closed flat with a negative bias. The German DAX edged down marginally, France's CAC 40 eased 0.2 percent and the U.K.'s FTSE 100 dropped half a percent.

U.S. Wholesale Inventories Climb Much More Than Expected In September

Wholesale inventories in the U.S. increased by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories climbed by 0.5 percent in September after edging down by a revised 0.1 percent in August. Economists had expected wholesale inventories to inch up by 0.1 percent.

RTTNews | 2h 37phút trước

U.S. Trade Deficit Unexpectedly Narrows In September As Exports Surge

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September. The Commerce Department said the trade deficit shrank to $52.8 billion in September from a revised $59.3 billion in August. Economists had expected the trade deficit to widen to $63.3 billion.

RTTNews | 3h 2phút trước

U.S. Jobless Claims Rebound More Than Expected To 236,000

First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 236,000, an increase of 44,000 from the previous week's revised level of 192,000. Economists had expected jobless claims to climb to 220,000.

RTTNews | 3h 25phút trước

U.S. Trade Deficit Unexpectedly Narrows In September

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September.

RTTNews | 4h 36phút trước

U.S. Weekly Jobless Claims Rebound More Than Expected

First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday.

RTTNews | 4h 40phút trước

Bay Street May Open Slightly Higher

Canadian stocks are likely to open slightly higher Thursday morning, as materials stocks may move up on firm metal prices. Oracle's lower than expected quarterly revenue and lower than expected forecasts may weigh on technology stocks.

RTTNews | 5h 17phút trước

Turkey Slashes Interest Rate By 150 Bps

Turkey's central bank slashed its benchmark rate at a sharper-than-expected pace on Thursday as demand conditions continue to support the disinflation process. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to cut the policy rate by 150 basis points to 38.00 percent. Markets anticipated only 100 basis point reduction.

RTTNews | 5h 41phút trước

Major European Markets Slightly Higher In Cautious Trade

The major European markets moved slightly higher after a cautious start on Thursday as investors digested the Federal Reserve's interest rate decision and Fed Chair Jerome Powell's comments post the monetary policy meeting.

RTTNews | 5h 50phút trước

EURUSD	1.17584	GBPUSD	1.34246	AUDUSD	0.66718
USDJPY	155.094	USDCAD	1.37693	USDCHF	0.79273