19 days ago
By Sinéad Carew and Danilo Masoni
NEW YORK/MILAN, Aug 27 (Reuters) - MSCI's global equities gauge rose on Thursday as Nvidia's bullish outlook boosted technology shares while U.S. Treasury yields rose before a speech from Federal Reserve Chair Kevin Warsh.
The dollar was virtually unchanged as traders turned their focus to Warsh's scheduled appearance at the central bank's Jackson Hole symposium on Friday with hopes for clues on interest rate policy.
On Wall Street, the heavyweight S&P 500 technology sector rallied 3.4% and was the sole gainer among the benchmark index's 11 major sectors. Technology stocks had also rallied in Europe after AI chip leader Nvidia forecast roughly 70% revenue growth for its upcoming fiscal year ending in January 2028.
"Technology created the money flow today. It's attracting all the capital," said Brett Ewing, chief market strategist at First Franklin Financial Services, who said Nvidia's results and executive commentary answered many questions that investors had about the AI boom. "AI is here to stay. It's going to grow. It's compounding faster and faster ... we're not near the peak of the infrastructure buildout."
#rallied #york
NEW YORK/MILAN, Aug 27 (Reuters) - MSCI's global equities gauge rose on Thursday as Nvidia's bullish outlook boosted technology shares while U.S. Treasury yields rose before a speech from Federal Reserve Chair Kevin Warsh.
The dollar was virtually unchanged as traders turned their focus to Warsh's scheduled appearance at the central bank's Jackson Hole symposium on Friday with hopes for clues on interest rate policy.
On Wall Street, the heavyweight S&P 500 technology sector rallied 3.4% and was the sole gainer among the benchmark index's 11 major sectors. Technology stocks had also rallied in Europe after AI chip leader Nvidia forecast roughly 70% revenue growth for its upcoming fiscal year ending in January 2028.
"Technology created the money flow today. It's attracting all the capital," said Brett Ewing, chief market strategist at First Franklin Financial Services, who said Nvidia's results and executive commentary answered many questions that investors had about the AI boom. "AI is here to stay. It's going to grow. It's compounding faster and faster ... we're not near the peak of the infrastructure buildout."
#rallied #york
21 days ago
By Danilo Masoni
MILAN, Aug 27 (Reuters) - Stocks steadied on Thursday as Nvidia's bullish outlook boosted tech shares, though caution ahead of Fed Chair Kevin Warsh's Jackson Hole speech on Friday and uncertainty over the Strait of Hormuz checked appetite for risk.
Technology stocks rallied 1.8% in Europe and were among the few sectors in positive territory after Nvidia forecast roughly 70% revenue growth in the fiscal year ending January 2028.
The pan-European STOXX 600 was down about 0.1% by 1157 GMT, while growing concerns over the political outlook in France drove the CAC 40 blue chip index in Paris to its lowest level in more than one month, down 1%.
The MSCI All Country World Index was broadly unchanged, as gains in Asian technology shares and higher U.S. futures offset weakness in Europe.
#Europe #stocks #shares #masoni
MILAN, Aug 27 (Reuters) - Stocks steadied on Thursday as Nvidia's bullish outlook boosted tech shares, though caution ahead of Fed Chair Kevin Warsh's Jackson Hole speech on Friday and uncertainty over the Strait of Hormuz checked appetite for risk.
Technology stocks rallied 1.8% in Europe and were among the few sectors in positive territory after Nvidia forecast roughly 70% revenue growth in the fiscal year ending January 2028.
The pan-European STOXX 600 was down about 0.1% by 1157 GMT, while growing concerns over the political outlook in France drove the CAC 40 blue chip index in Paris to its lowest level in more than one month, down 1%.
The MSCI All Country World Index was broadly unchanged, as gains in Asian technology shares and higher U.S. futures offset weakness in Europe.
#Europe #stocks #shares #masoni
3 months ago
By Rodrigo Campos and Danilo Masoni
NEW YORK/MILAN, July 1 (Reuters) - A gauge of stock markets around the world edged lower to start the quarter on Wednesday as the U.S. central bank head said inflation expectations have fallen but policy won't be loose, while oil prices fell as optimism over U.S.-Iran talks eased supply concerns.
Traders continue to watch for possible ****** anese intervention in the currency market after the yen touched fresh 40-year lows against the dollar, even if it rebounded later in the session.
Speaking on a panel of central bankers in Sintra, Portugal, Federal Reserve chair Kevin Warsh said inflation expectations and inflation risks have come down in recent weeks. He said he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy.
His comments weighed on the dollar, which has been underpinned by rising expectations of Fed rate hikes this year, as inflation runs well above the central bank's 2% annual target. Still, many ****** ysts believe the inflation picture will improve in the months ahead.
NEW YORK/MILAN, July 1 (Reuters) - A gauge of stock markets around the world edged lower to start the quarter on Wednesday as the U.S. central bank head said inflation expectations have fallen but policy won't be loose, while oil prices fell as optimism over U.S.-Iran talks eased supply concerns.
Traders continue to watch for possible ****** anese intervention in the currency market after the yen touched fresh 40-year lows against the dollar, even if it rebounded later in the session.
Speaking on a panel of central bankers in Sintra, Portugal, Federal Reserve chair Kevin Warsh said inflation expectations and inflation risks have come down in recent weeks. He said he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy.
His comments weighed on the dollar, which has been underpinned by rising expectations of Fed rate hikes this year, as inflation runs well above the central bank's 2% annual target. Still, many ****** ysts believe the inflation picture will improve in the months ahead.
