Asia stocks see bright side after Nvidia sounds upbeat

posted a record first-half profit but shares suffered their biggest drop in a year - down 7.3% - after the company warned fares would probably fall.

Wall Street indexes fell overnight and are eyeing their worst week of the year so far as stronger-than-forecast U.S. labour, inflation, retail sales and manufacturing figures have traders pricing interest rates staying higher for longer.from this month's Federal Reserve meeting - reinforcing a hawkish tone - did little to shift the concern.

"Markets have been forced to reprice interest rate expectations, not just higher, but also questioning the view that once peak rates are hit, central banks will pivot quickly to cutting interest rates," said ANZ economist Finn Robinson."But central banks are uncomfortable with current levels of aggregate expenditure and labour market demand ... if the upcoming run of February data for the U.S.

'Boy, the rich sure know how to have a good time during a pandemic!'

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Nvidia stock jumps as earnings, forecast come in better than expectedNvidia reported fourth-quarter net income of $1.41 billion, or 57 cents a share, compared with $3 billion, or $1.18 a share, in the year-ago period. $NVDA jumped in late trading, as the company projected stronger revenue than Wall Street expected: I am the shareholder Ridiculous. This will not end well. nvda is ridiculously expensive stock
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Asian Stock Market: Traces firmer S&P 500 Futures amid sluggish yields, off in JapanAsian Stock Market traces firmer S&P 500 Futures amid sluggish yields, off in Japan – by anilpanchal7 Asia RiskAppetite SP500 Futures YieldCurve
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