FRANKFURT / LONDON (IT BOLTWISE) – NVIDIA’s eagerly awaited quarterly figures are casting their shadows and influencing markets worldwide. The DAX is defensive ahead of the publication, while the US stock markets are struggling with uncertainty about the economic situation. Investors in Asia are also holding back, which points to global nervousness.
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The upcoming quarterly figures from the AI giant NVIDIA are causing nervousness in the international financial markets. In Germany, the DAX is defensive before the figures are published and is trading slightly in the red. The broker IG valued the DAX 0.3 percent lower at 23,114 points on Wednesday morning around two and a half hours before the start of Xetra trading. The index had already recorded a decline the day before, but was barely able to maintain its exponential 200-day average line, which is considered an important indicator of the long-term trend.
In the USA, uncertainties about the economic situation and the Federal Reserve’s monetary policy pushed the stock markets further down. The Dow Jones Industrial lost 1.07 percent and fell to its lowest level since mid-October. The market-wide S&P 500 and the tech-heavy NASDAQ 100 also posted losses. These developments reflect growing concerns among investors, who are increasingly focused on possible interest rate hikes and their impact on the economy.
Investors in Asia also held back before the publication of the NVIDIA figures. Japan’s Nikkei 225 fell 0.2 percent, while Hong Kong’s Hang Seng index fell 0.6 percent. Only the CSI 300 index on the Chinese mainland was able to increase slightly. This reluctance shows that global markets are waiting for NVIDIA’s results, which are seen as an indicator of the development of the technology industry and artificial intelligence.
The current developments illustrate the uncertainties that are currently shaping the markets. While NVIDIA could potentially provide new momentum with its quarterly results, it remains to be seen how investors will react to the results. The nervousness in the markets shows that investors are still looking for guidance, especially in an environment characterized by economic and geopolitical uncertainty.
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