Nasdaq Futures Rose 2% as Nvidia pushed Global Rally – Europe Market Wrap

Nvidia’s huge sales forecast dominated markets, fueling advances in tech companies throughout the world and sending Nasdaq 100 futures up more than 2%.

Nvidia’s stock soared up to 14% in pre-market trading after data revealed that demand for artificial intelligence computing hardware is growing. The company, which is on the cusp of surpassing Alphabet in market value, has been the most significant driver of US stock market gains this year.

The prospect of large-scale tech investment fueled market optimism. The Nikkei 225 Index in Japan reached a new high for the first time since 1989, while the STOXX Europe 600 index momentarily topped its January 2022 closing peak.

ECB posts first loss since 2004 following rate-hike campaign.

Stronger than expected French PMI’s led to strengthening in the euro, before the German PMI data was weaker overall.