Australia stocks lower at close of trade; S&P/ASX 200 down 0.33%
Investing.com – Australia stocks were lower after the close on Thursday, as losses in the Energy, Consumer Discretionary and Consumer Staples sectors led shares lower.
Stocks Retreat as Nvidia Outlook Saps AI Trade
(Bloomberg) -- European stocks edged higher and US equity futures erased declines as investors assessed Nvidia Corp.’s results, ahead of key economic data still due this week.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and SunThe Stoxx Eu
Taiwan stocks lower at close of trade; Taiwan Weighted down 0.25%
Investing.com – Taiwan stocks were lower after the close on Thursday, as losses in the , Transport and Semiconductor sectors led shares lower.
Asian shares mostly slip as market focus turns from Nvidia to US economy
Asian shares mostly fell Thursday as market attention turned to upcoming data on the U.S. economy after Nvidia reported its financial results. Nvidia, one of several companies that have ridden a wave of enthusiasm over artificial intelligence developments, reported earnings Wednesday. The results showed a strong profit, but Nvidia stock fell 2.1%, though it is up 153% for the year.
Oil Holds Losses as Slipping Equities Vie With Stockpiles, Libya
(Bloomberg) -- Oil steadied after a two-day drop, with stock market losses offsetting a drawdown in US stockpiles and supply disruptions in Libya.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and SunBrent traded below $79 a barrel after los
Oil edges up as Libyan supply woes offset lower-than-expected U.S. stock draw
(Reuters) -Oil prices edged up on Thursday after two sessions of losses, as supply concerns over Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. Brent crude futures climbed 15 cents, or 0.19%, $78.80 a barrel by 0605 GMT, while U.S. West Texas Intermediate crude futures were up 27 cents, or 0.36%, at $74.79. Worries over disruptions in supplies from Libya, a member of the Organization of the Petroleum Exporting Countries (OPEC), were positive for the market, some analysts said.
Analysis-Bond markets face a reckoning after stellar summer run
Government bond markets, which have enjoyed a summer of solid price gains, now face a reckoning with their bets for speedy central bank rate cuts and slowing inflation, not to mention a tight U.S. presidential election. Benchmark 10-year U.S. Treasury yields are set to end August down nearly 30 bps, their biggest monthly drop this year, driven by expectations for speedier rate cuts - even as economic data has eased the recessionary fears sparked by the last U.S. jobs report. Government bonds returned just 4% globally last year after 15% losses across 2021-22, and have returned 1.3% year-to-date.
Asian shares track Wall Street futures lower as Nvidia disappoints
SYDNEY (Reuters) -Asian shares followed Wall Street futures lower on Thursday as Nvidia's results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive. Europe is set for a mixed open, with EUROSTOXX 50 futures off 0.2% and FTSE futures up 0.2%, ahead of the inflation data from Germany and Spain where any downside misses could add to the case of more policy easing in Europe. U.S. weekly jobless claims, which have gained prominence given the Federal Reserve's focus on the health of the labour market, are also due later in the day.
Kiwi rises, dollar struggles to stay afloat ahead of US inflation test
SINGAPORE (Reuters) -The New Zealand dollar made solid gains on Thursday in the wake of an upbeat business outlook survey, while the U.S. dollar failed to sustain its bounce in the run up to a key U.S. inflation reading at the end of the week. Friday's release of the core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred measure of inflation - headlines a week that's otherwise been lacking on major market moving data, leaving currencies mostly rangebound. Still, the kiwi was a notable outperformer in the Asian session, scaling an eight-month top $0.6295 after a survey out on Thursday showed New Zealand's business confidence jumped in August to the highest level in a decade.
US Stock Futures Drop as Nvidia Forecast Clouds AI Rally Outlook
(Bloomberg) -- US stock futures slipped after Nvidia Corp. gave a revenue forecast that fell short of the highest analyst estimates, possibly adding weight to concerns over the sustainability of the artificial intelligence boom.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcome