27/02/2025 Evening Reports
Global Markets Rise Ahead of Nvidia’s Crucial Report
- Global Markets: US futures rose ahead of Nvidia’s highly anticipated earnings report, which is expected to have a significant impact on the artificial intelligence sector. Nasdaq 100 and S&P 500 futures gained 0.7% and 0.5%, respectively.
- Nvidia Expectations: The company’s stock climbed 3% in premarket trading. Options data suggests a potential 8.5% move in either direction following the report. While Nvidia has benefited significantly from the AI boom over the past two years, its recent stock performance has been volatile.
- Technology Stocks: The US tech sector has been under pressure in recent days, but signs of recovery emerged ahead of Nvidia’s report. The “Magnificent Seven” group of major tech stocks entered correction territory on Tuesday but rebounded slightly on Wednesday morning.
- European Markets: The Stoxx 600 index reached an all-time high, driven by gains in mining and resource companies. Strong earnings from firms such as Banco Santander, Anheuser-Busch InBev, Fresenius SE, and Alcon AG contributed to the positive sentiment.
- Bond and FX Markets: The US 10-year Treasury yield stabilized at 4.30%, while the dollar strengthened. The euro and British pound slipped slightly, and the Japanese yen weakened by 0.3%.
- Cryptocurrencies: Bitcoin fell 0.4% to $88,363, while Ethereum dropped 2.2% to $2,456.
- Commodities: Copper prices surged amid tariff concerns, while oil declined slightly. WTI crude fell to $68.76 per barrel, and gold remained near its recent record high.
- What’s Next?: Nvidia’s earnings report will play a crucial role in determining market direction. Given the company’s strong position in the AI sector, its results and forward guidance could influence investor sentiment significantly. A solid report could drive a rebound in tech stocks, while disappointing results may trigger another wave of selling pressure, especially in the already struggling technology.
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