International Stocks Rise Ahead of a Vital Nvidia Outcome – Europe Market Wrap
Global markets gained as investors awaited significant earnings data from Nvidia, which might restart the AI-driven rise.
Meanwhile, Europe’s Stoxx 600 index reached a new high. Contracts on the Nasdaq 100 jumped nearly 0.8%, while those on the S&P 500 rose 0.5%. The moves indicate a rebound on Wall Street following Tuesday’s decline, which was fuelled by a weaker-than-expected consumer confidence reading that raised fears of an economic slowdown.
Resources and mining companies drove European equity advances as well. Furthermore, a wave of corporations delivered solid reports, boosting optimism.
In bond markets, the 10-year Treasury yield held steady after falling 11 basis points overnight to its lowest level since mid-December. Money markets have increased their bets on Fed policy easing, predicting more than two quarter-point rate cuts in 2025. The Dollar also strengthened against G-10 peers, as House Republicans approved a budget proposal, increasing the odds of early action on Trump’s tax cuts.
Earlier, Hong Kong stocks rose sharply when Chinese AI platform DeepSeek resumed access to its key programming interface following a nearly three-week restriction. Copper prices rose on the latest tariff warning, while gold traded slightly off its all-time high set on Monday.
