Market Overview
Asian shares followed Wall Street futures lower on Thursday, with Nvidia’s disappointing earnings report contributing to a cautious sentiment across global markets. The tech giant’s results fell short of optimistic investor expectations, leading to a broader market pullback.
Market Reactions
Asian Markets: The negative sentiment from Wall Street has impacted Asian markets, with many major indices reflecting declines.
Dollar and Treasury Yields: The U.S. dollar remained steady, and the Treasury yield curve approached a near-flat position, signaling potential shifts in economic expectations.
European Market Outlook
EUROSTOXX 50: Futures for the EUROSTOXX 50 index were down 0.2%, indicating a potential mixed start for European markets.
FTSE: Conversely, FTSE futures showed a 0.2% increase, suggesting a modestly positive outlook for the UK market.
Upcoming Economic Data
European markets will be closely watching upcoming inflation data from Germany and Spain. Any lower-than-expected figures could bolster arguments for further policy easing within the Eurozone, influencing market dynamics and policy expectations.
