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Tech Stocks Soar Led by Nvidia Ahead of Earnings, Gold Prices Rally on Fed Rate Speculations, and Focus on China's Currency Safeguarding | Daily Market Analysis
Key events: USA - Core Durable Goods Orders (MoM) (Jul) USA - Initial Jobless Claims The closing of Wednesday witnessed a pronounced surge in US stocks, prominently propelled by the escalating value of Nvidia (NASDAQ: NVDA) shares ahead of the company's quarterly financial disclosures. Nvidia's chips enjoy widespread utilization for artificial intelligence (AI) computing purposes.
Cautious Optimism Prevails Amid Economic Surges and Central Bank Vigilance | Daily Market Analysis
Key events: Japan - GDP (QoQ) (Q2) USA - Core Retail Sales (MoM) (Jul) USA - Retail Sales (MoM) (Jul) European markets embarked on a cautiously optimistic note at the onset of the week, aiming to rebound from two weeks of declines, despite lingering concerns about the Chinese real estate sector's impact on the FTSE100.