European stocks inched higher Thursday afternoon as investors focused on earnings and economic data amid weak global market sentiment.
The pan-European Stoxx 600 was up 0.08% by 3:30 p.m. London time, as sectors and major bourses diverged. Insurance stocks led gains, up 1.07%, while retail dipped 0.37%.
Shares of British sports retailer JD Sports fell more than 16% after it warned that its annual profits would come in at the lower end of its guidance following a difficult October and subdued consumer spending.
Market sentiment was knocked overnight as investors parsed the all-important earnings release from artificial intelligence darling Nvidia amid lofty expectations of the company.
Shares of the chipmaker slumped in pre-market trading, and were choppy after the market open.
While the chipmaker reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion, it was still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Despite exceeding expectations for the third quarter and providing strong guidance, shares of Nvidia slid nearly 2% in extended trading.
Asia-Pacific markets mostly fell overnight, while U.S. stocks seesawed in morning deals.(Cay) Newsmaker.id
Source: CNBC
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats....
S&P 500 and Nasdaq 100 futures edged up 0.1% and 0.2%, respectively, on Thursday morning (July 17), while the Dow Jones Industrial Average remained flat. What caused this? Investors were digesting...
The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. ...
Asia-Pacific markets mostly fell Thursday, with investors assessing the fall in Japan's exports for the second consecutive month, as well as U.S. President Donald Trump's denial of his intent to fire ...
Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy. Bullion traded below $3,340 an ounce, heading for a 0.5%...
The USD/CHF pair tumbles to around 0.8030 during the early European session on Friday. Persistent trade tensions and Federal Reserve (Fed) policy uncertainty boost the safe-haven demand, supporting the Swiss Franc (CHF). The preliminary reading of...
Oil headed for a back-to-back daily gain after US data showed the world's largest economy holding up despite the fallout from the Washington-led trade war, while market metrics pointed to near-term tightness. Global benchmark Brent rose toward $70...
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against...