Yet another quarterly earnings beat from AI-chip behemoth Nvidia catapulted Wall St stock futures higher again on Thursday - batting away hawkish Federal...
Yet another quarterly earnings beat from AI-chip behemoth Nvidia catapulted Wall St stock futures higher again on Thursday - batting away hawkish Federal Reserve meeting minutes, military tension around Taiwan and news of a July UK election.
And the ongoing rise of Wall Street to ever higher records has seen implied equity volatility crater, with the VIX "fear index" plumbing its lowest since November 2019 on Thursday at just 11.54. While there were signs from its latest meeting minutes on Wednesday that some hawkish policymakers were willing to lift rates again if necessary, not least due to a loosening of financial conditions evident in surging stocks, the impact was muted as the meeting was before the softer April inflation data.As a result U.S. Treasury yields ticked up only modestly, with rates markets now homing in on weekly jobless numbers and May business surveys later on Thursday for guidance.
Two-month implied volatility for the euro/sterling pair popped up half a point to more than 4% for the first time in a month. On the data front, euro zone May business surveys showed activity expanded at its fastest pace in a year this month - while UK equivalents slowed.Geopolitical tensions kept investors nervous as China's military started two days of "punishment" drills held in five areas around Taiwan just days after Taiwan President Lai Ching-te took office.
The former president, in a typically loud post on his social media platform Truth Social, claimed that FBI agents had been authorized to use ‘deadly force’ during the raid of his Florida propertyDave Sanders/Pool via ReutersDonald Trump’s defense team rested their case on Tuesday after putting on what The New York Times described as a “minimal defense.”The Times likely did not intend any disparagement of Trump’s defense with its wording.
Global Markets Federal Reserve Quarterly Earnings U.S. Treasury Futures Markets Taiwan UK ELECTION Stock Market UK Nvidia
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Bid: Bank of Korea next up, Nvidia keeps on rollin'Asian markets could be delicately poised at the open on Thursday, with growing worries over how soon U.S. and global interest rates will come down offset by ...
Read more »
Morning bid: Nvidia nears, UK CPI lunge misses targetWhile the inflation and interest rate world continues to throw up unpleasant surprises, it's hard to imagine much of a shift in major indexes on Wednesday as...
Read more »
Morning Bid: Nvidia vigil almost overThe headliner surely is the long-awaited earnings report and accompanying commentary from AI darling Nvidia, which undoubtedly will determine whether the...
Read more »
Morning Bid: New Zealand, Indonesia set rates; Nvidia vigil almost overMonetary policy decisions from New Zealand and Indonesia are the main points of focus in Asia on Wednesday, as debate over the timing of the first U.S. rate ...
Read more »
Investors await Nvidia earnings, commodities on the rise: Morning BriefOn today's episode of The Morning Brief, Yahoo Finance Hosts Seana Smith and Brad Smith break down some of the market's (^DJI, ^IXIC, ^GSPC) biggest stories ...
Read more »
Morning bid: Buoyant start to 'Nvidia week'World markets, heady on hopes for renewed U.S. disinflation and another attempt by China at shoring up its ailing housing sector, entered the new week on the...
Read more »