Premarket: Global stocks boosted by Nvidia rally

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 34 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 92%

Newsletter News

Marketupdate,Tsx,Stocks

U.S. markets are closed on Wednesday, which will likely result in muted trading throughout the day

Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia theMSCI’s All-World index was up 0.2 per cent at 805.13, having traded at an all-time high of 805.43.

The fall in inflation will be welcomed by both Prime Minister Rishi Sunak and the Bank of England - but likely has come too late either to turn around Sunak’s fortunes at next month’s election or to prompt a BoE rate cut on Thursday. The single currency has been under pressure in the wake of French President Emmanuel Macron calling for a snap election after his ruling centrist party was trounced by the far right in the European Parliament elections.

Last week, mild U.S. inflation readings contrasted with an overall hawkish stance by Fed officials, who trimmed their previous median projection for three quarter-point rate cuts this year to one.

 

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 BUSİNESS

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.

Premarket: Stocks catch a ride higher with Nvidia; investors cautious over ratesWall Street futures pointed higher after closing down yesterday
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Stocks slip on inflation jitters, offsetting Nvidia hopesMarket also waiting for possible clues in U.S. Federal Reserve meeting minutes on when it will begin to bring down interest rates
Source: globeandmail - 🏆 5. / 92 Read more »

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 »

Premarket: Global shares stable as political turmoil saps market moodInvestors look for direction from a string of central bank meetings in Europe this week as well as fresh U.S. economic data
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks retreat after record highsBond market borrowing costs and the U.S. dollar rose after the Fed nudged back rate cut expectations
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks near all-time highs ahead of expected ECB rate cutBut what the European central bank does after that remains subject to much debate
Source: globeandmail - 🏆 5. / 92 Read more »