XM n’offre pas ses services aux résidents des États-Unis d’Amérique.

Stocks steady near record peaks as Nvidia earnings loom



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>GLOBAL MARKETS-Stocks steady near record peaks as Nvidia earnings loom</title></head><body>

MSCI gauge of world stocks near record high

Nvidia earnings, due at U.S. close, weigh on indices

Dollar depressed to 1-year lows by rate cut expectations

Updates prices at 1200 GMT

By Lawrence White and Tom Westbrook

LONDON, Aug 28 (Reuters) -Global stocks held near all-time highs on Wednesday ahead of the release of results from chipmaking market darling Nvidia, while sterling hovered near a 2-1/2-year high as traders bet that Britain would lag the U.S. in cutting interest rates.

MSCI's gauge of all stocks across the globe .MIWD00000PUS gained 0.03% to 831.07, near the record close of 831.34 reached on Aug. 23, as market turmoil earlier in the month fadedamid signs policymakers have begun to tame the worst surge in inflation in 40 years.

Europe's benchmark STOXX index .STOXX climbed 0.4%to a one-month high, boosted by technology stocks ahead of rosy expectations for the Nvidia earnings update later in the day.

Nvidia's NVDA.O market value has ballooned thanks to its dominance of the computing hardware behind artificial intelligence. The stock price is up some 3000% since 2019 and with a market capitalisation of $3.2 trillion, a move in its share price affects the broader market.

Second-quarter revenue will likely have doubled, though even that may disappoint expectations. Options pricing shows traders anticipate a near 10% - or $300 billion - swing in market value, likely the largest earnings move of any company, ever.

The results at the "so-called 'most important company in the world,'" stand between Wall Street and fresh record highs, noted Capital.com analyst Kyle Rodda, and set the tone for the sector.

"The company's revenue and sales guidance is a barometer of AI capex, with inferences to be drawn about the health of the other mega-cap tech names," he said.

S&P 500 .SPX futures ESc1 and Nasdaq100 futures NQc1 edged lower, as investors held back ahead of the crucial earnings report.

Any disappointment in Nvidia's results could hurt megacaps and other semiconductor stocks, which have led 2024's rally on the prospect of AI integration boosting corporate profits.

Shares in Australian gambling company Tabcorp TAH.AH meanwhile wereheaded for their largest fall since 2008, dropping 17% to a four-year low after the company warned compliance and other costs meant it would miss earnings targets.


DOLLAR IN THE DUMPS

Debt and currency markets were steady in the Asia session, though the Australian dollar AUD=D3 briefly touched its highest since January at $0.6813 after monthly inflation data was slightly above market forecasts.

Globally, a weakening U.S. dollar in anticipation of Federal Reserve rate cuts has lifted most other currencies because markets see U.S. short-term rates, currently above 5.25%, as having the furthest to fall.

The greenback held near its lowest in more than a year against a basket of peers, and was last 0.4%higher at 100.98,hovering above a 13-month low of 100.51 hit in the previous session.

Interest rate futures price 100 basis points of U.S. rate cuts this year and last week Fed Chair Jerome Powell endorsed the start of cuts saying "the time has come".

The tone contrasts with caution at the Bank of England, which has helped sterling GBP=D3 become the top-performing G10 currency with a 4.1% gain for the year-to-date.

It hit its highest in more than two years on Tuesday at $1.3269, but eased on Wednesday to $1.3212in European trade. GBP/

"In our view, the BoE is likely to only cut rates once a quarter going forward," Rabobank senior strategist Jane Foley said in a note, against a forecast for four consecutive 25 bp cuts from the Fed from September to January.

Rates markets were steady with 10-year U.S. Treasury yields US10YT=RR at 3.81%, two-year yields US2YT=RR at 3.86% and the gap between the two at its narrowest in nearly three weeks.

Heavy selling drove bitcoin BTC= down 3% on the dollar to $59,972. Gold XAU= prices, under pressure from the dollar's slight recovery, slipped 0.9% to $2501 an ounce.

Oil prices fell nearly 2% on concerns about Chinese demand and risks of a broader slowdown.Brent crude futures LCOc1 traded at $78.27 barrel, while U.S. West Texas Intermediate crude CLc1 futures fell 1.76% to $74.2. O/R


World FX rates YTD http://tmsnrt.rs/2egbfVh

Global asset performance http://tmsnrt.rs/2yaDPgn

Asian stock markets https://tmsnrt.rs/2zpUAr4


Reporting by Tom Westbrook and Lawrence White, Editing by Jacqueline Wong and Bernadette Baum

To read Reuters Markets and Finance news, click on https://www.reuters.com/finance/markets
</body></html>

Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.

Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.

Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.

Avertissement sur les risques : votre capital est à risque. Les produits à effet de levier ne sont pas recommandés pour tous. Veuillez consulter notre Divulgation des risques