Market Watch. Nvidia's Report Shakes Markets

Published: Aug 28, 2024 Duration: 00:02:45 Category: Education

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Market Watch. Nvidia's Report Shakes Markets you are watching market watch the brief overview of the key events from the world of Finance the markets turned out Investors were not satisfied to be in the red after Nvidia one of the leading players in the artificial intelligence Market did not meet investors expectations although nvidia's revenue and profit exceeded analysts forecasts it failed to satisfy the market and the company's shares fell 7% after the close of trading the shares have shown impressive growth of more than 50% due to high demand for generative artificial intelligence and the current decline can be considered as a temporary downturn which opens up new opportunities for investors given nvidia's status as the second most valuable company in the world however the risks of overestimation are also Events in the spotlight present in Europe in the near future attention will be focused on preliminary inflation data in Germany and Spain for August inflation in Germany is projected to fall to 2 .3% and in Spain to 2.5% any unexpected results could affect the overall inflation figures in the Euro Zone which could strengthen the case for further easing of the European Central bank's policy investors are also waiting for weekly data on initial jobless claims in the United States which become especially important after statements by Federal Reserve chairman Jerome Powell about the undesirability of further weakening of the labor market the final data on US GDP for the the second quarter may also have an impact on the Currency markets markets meanwhile currency markets in Asia remained relatively stable with the exception of the New Zealand dollar which rose 0.6% to a new high in 2024 on the back of increased business activity caused by a rate cut by The Reserve Bank of New Zealand the US treasury bond market also remains calm although the gap between 2year and 10-year bond yields has almost disappeared this could be the first case since July 2022 and now to the crypto Market the Bitcoin holds positions data indicate the confidence of holders who keep the asset on the balance for more than 155 days for the first time the realized capitalization of long-term holders exceeded 10 billion recent data indicate the accumulation of positions by large holders and those who keep the asset for a long time regardless of volatility technically the price is held above the range of 55,000 to $58,000 which gives a chance for a resumption of price growth that's all I have follow the news carefully and be prepared for all the surprises of the market

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