Chip behemoth Nvidia is reporting quarterly results and global PMI data is rolling in as markets continue to digest the fallout from Donald Trump’s U.S. presidential election win, with bitcoin and the euro taking center-stage.The U.S. earnings season is coming to a close with third quarter results from chipmaker Nvidia, a bellwether for the artificial intelligence craze that has boosted stocks this year.
Analysts see Nvidia increasing third-quarter revenue by over 80% to $32.9 billion when it reports its results on Nov. 20, LSEG data showed earlier this month.Trump’s win has unleashed a stampede of crypto bulls intent on driving bitcoin to the moon. The price has risen 30% since the Nov. 5 election day and, having topped $90,000 for the first time on record, is showing no signs of stopping.
At around $1.054, the euro has slumped about 5% from more than one-year highs in September. Some analysts now expect it to fall to parity with the dollar. PMIs from Europe and the U.S. will likely confirm that global manufacturing activity remains stuck in a downturn, while the services sector soldiers ahead.
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