US EditionAsian Markets Diverge with Eyes on Nvidia Earnings
Nvidia's earnings report is viewed as a key indicator for the AI sector amid US political tensions and a 53% expected revenue increase, signaling market sensitivity to economic and policy shifts.
- On Tuesday, Asian markets rebounded as attention shifted to Nvidia Corp.'s second-quarter results, following earlier declines in Tokyo, Hong Kong and Seoul amid President Donald Trump's move to oust Fed Governor Lisa Cook.
- Amid a bid to remove Fed Governor Lisa Cook, the attempted ouster intensified concerns about the Federal Reserve's independence, prompting commentary from market analysts and the Fed's spokesperson on removal protections.
- Analysts point to strong AI demand as Nvidia Corp.'s revenue is expected to rise 53 percent to $46 billion, highlighting robust market demand.
- Markets now watch upcoming US data as the dollar weakened and US Treasuries steepened on prospects of a more dovish Fed; traders await US growth Thursday and inflation Friday.
- Policy moves extend beyond the Fed as the US administration considers a rapid nomination of former World Bank President Malpass and reviews influence over Federal Reserve regional banks, while a 50% tariff on some Indian goods starts Wednesday.
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NDTV ProfitAsian Tech Shares Rise Before Nvidia’s Earnings: Markets Wrap
(Bloomberg) -- Technology shares advanced in Asia before Nvidia Corp.’s earnings as investors awaited its take on chip demand to gauge the sustainability of a global stock rally since April.
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Coverage Details
Total News Sources57
Leaning Left5Leaning Right7Center14Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 19%
C 54%
R 27%
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