European stocks closed mixed on Thursday as markets assessed key earnings results for the US tech sector and the outlook for global rates. The Eurozone's STOXX 50 inched above the flatline to close at 5,393 and the pan-European STOXX 600 dropped 0.2% to 554. Nvidia released earnings and revenues figures that were slightly ahead of expectations, but noted that demand in the sector is slowing to consolidate concerns that the AI-led rally in global tech stocks is unsustainable. European stocks with exposure to US chips manufacturers and AI companies were mixed, with ASML losing 1% while...
The S&P 500 notched a record high close on Thursday after Nvidia's quarterly report fell short of investors' high expectations but confirmed that spending related to artificial intelligence infrastructure remains strong. Shares of Nvidia dipped as much as 2.9% after Sino-U.S. trade uncertainties prompted the leading AI chip designer to exclude potential China sales from its quarterly forecast late on Wednesday. Investors viewed Nvidia's report, including a 56% surge in quarterly revenue, as confirmation that demand related to AI technology remains strong, supporting a rally in...
Japanese stocks may trade rangebound as uncertainty over the U.S. tariff impact on earnings continues. Nikkei futures are flat at 42920 on the SGX. USD/JPY is at 146.87, compared with 147.17 as of Thursday's Tokyo stock market close. Investors are focusing on Japanese economic data, including industrial production due later, as well as domestic politics. Consumer prices, excluding volatile fresh food, rose 2.5% from a year earlier for August in Tokyo, matching a 2.5% rise expected, government data showed earlier Friday. The Nikkei Stock Average rose 0.7% to 42828.79 on Thursday....