Premarket: World shares boosted by Nvidia-led rally with Jackson Hole ahead

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 92%

Canada News News

Canada Latest News,Canada Headlines

Retreat in government bond yields helps ease pressure on borrowing costs

European stocks hit one-week highs, gaining 0.8% as chipmakers gained following Nvidia’s revenue forecast. Tech stocks jumped 1.8%, while real estate stocks also rose, adding as much as 2%.

“To see what Jerome Powell now says in the light of some weaker underlying economic data - How he’s going to message? Are we at the peak? Are we going to hold? - I think it’s the absolutely crucial thing,” said Robert Alster, chief investment officer at Close Brothers Asset Management.U.S.

Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan closed up 1.5%, also lifted by Nvidia’s bullish outlook. The Chinese yuan inched higher as the central bank continued to fix the daily mid-point at stronger-than-expected levels.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: Weak European data hits euro, lifts bondsMarkets await Nvidia results, Fed chair Jerome Powell’s Jackson Hole speech
Source: globeandmail - 🏆 5. / 92 Read more »

Nvidia options show traders positioned for outsized share move after earningsBy Saqib Iqbal Ahmed NEW YORK (Reuters) - Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Premarket: Global stocks extend comeback, U.S. yields hit new peaksU.S. dollar pulls back from recent 10-week highs
Source: globeandmail - 🏆 5. / 92 Read more »

Tech stocks rally, yields drop, ahead of Nvidia earnings: Stock market news todayStocks were higher on Wednesday afternoon with investors bracing for results from Nvidia after the bell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Analysis-Investors look to AI-darling Nvidia's earnings as US stocks rally wobblesBullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia shares have tripled in 2023, underscoring how a rebound in megacap stocks and excitement over the business potential of artificial intelligence have helped propel the S&P 500 to a 14% gain this year. The chipmaker’s year-to-date increase has led gains among the so-called Magnificent Seven group of megacap stocks, which also include Apple and Microsoft.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Analysis-Investors look to AI-darling Nvidia's earnings as US stocks rally wobblesBy Lewis Krauskopf NEW YORK (Reuters) - Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S.
Source: SaltWire Network - 🏆 45. / 63 Read more »