Asia stocks edge up on Nvidia hopes, NZ dollar jumps

SYDNEY - Asian shares edged higher on Wednesday as anxious investors dared to hope AI-diva Nvidia could meet sky-high expectations, while keeping a wary eye on the outlook for U.S. and UK interest rates.

Markets are braced for fireworks when Nvidia reports after the bell, with options priced for a swing of 8.7% in either direction, worth $200 billion in market value. "This suggests that it may take a big upside surprise, on earnings or clearer forward guidance, to get the stock moving any higher."Minutes of the U.S. Federal Reserve's last meeting due later in the day should confirm the next move is still likely down, but policy makers first need more confidence that inflation has resumed its downtrend.

The pound was holding just short of two-month highs at $1.2712, while the euro was trading steady at $1.0857, just off its recent top of $1.0895.

Business Business Latest News, Business Business Headlines

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

Stocks, Nvidia earnings on Wednesday, retailers: 3 ThingsAfter last week's historic record highs, markets (^DJI, ^IXIC, ^GSPC) are patiently waiting on the minutes from the most recent Federal Reserve meeting. Chip...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Look Mixed as Traders Await Nvidia: Markets WrapAsian stocks are set for a listless day following a cautious session on Wall Street as traders keenly await Wednesday’s earnings from Nvidia Corp., the chipmaker at the heart of the artificial-intelligence frenzy that’s powered the bull market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks Look Mixed as Traders Await Nvidia: Markets Wrap(Bloomberg) -- Asian stocks are set for a listless day following a cautious session on Wall Street as traders keenly await Wednesday’s earnings from Nvidia...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »