Premarket: Stocks slip on inflation jitters, offsetting Nvidia hopes

Share markets fell on Wednesday as stronger-than-expected inflation in Britain offset investor hopes that AI-heavyweight Nvidia could meet sky-high expectations, with the market also waiting for possible clues on when the U.S. Federal Reserve will begin to bring down interest rates.

The data underscored jitters over whether central banks would move as quickly as markets hope to reduce interest rates. With Nvidia’s chips the gold standard in AI, its results are widely seen as a barometer for the burgeoning AI industry, whose evolution has stoked investor enthusiasm and helped drive the bull run in U.S. stocks.

Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.3 per cent, having already climbed for four straight weeks to reach a two-year top. Japan’s Nikkei closed 0.85 per cent lower at 38,617.10, while Hong Kong’s Hang Seng slid 0.13 per cent to 19,195.60. Fed fund futures imply about a 66-per-cent chance of a rate cut by September and have 43 basis points of easing priced in for this year.The euro was trading steady at US$1.0851, just off its recent top of US$1.0895.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market today: US stocks hold near record highs with Nvidia front of mindInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Small-caps stocks may benefit most from Nvidia market rallyMarkets have been on a remarkable rally, with the Dow Jones Industrial Average (^DJI) surpassing the 40,000 mark for the first time ever last week. However, ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Premarket: Global stocks rally on rate cut hopesU.S. futures point higher as Wall Street looks to extend its run
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Asia stocks edge up on Nvidia hopes, NZ dollar jumpsAsian 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...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Premarket: Global stocks slide ahead of U.S. Fed minutes while crypto soarsGold eased back from Monday’s all-time peak, while crude oil declined on worries of U.S. interest rates staying high for longer
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »