Yesterday, the European stock markets ended in decline, and the US stock markets ended in an increase. President of Russia Vladimir Putin said that the country could use nuclear weapons on more modest grounds in the future. It was a response to the US allowing Ukraine to use US long-range missiles in the war.
On Wednesday, stock markets in Asia were in a fluctuating mood.
Rates were falling in Japan, as well as in Taiwan. China and India, on the other hand, saw an increase.
in Japan Tokyo Gas -company’s price jumped 13 percent when the activist investor Elliott Management revealed that he had acquired a large stake in the company. Activist investors typically pressure the company’s management to take actions that release latent value in the company. Elliott Management is remembered in Finland, among other things Sammon from pacing to focusing on persuasion.
In the foreign exchange market, the pound had strengthened by 0.5 percent against the yen and 0.1 percent against the euro. The pound/dollar ratio remained close to the previous day’s closing level.
European stock market index futures were clearly rising in anticipation of a green stock market opening. US Index futures were also on the rise.
The attention of the market is already on the chip designer Nvidia’s in the result, which the company announces at night Finnish time after the closing of the American stock exchange.
Nvidia’s price rally in recent months has made it the world’s most valuable company Apple’s and Microsoft’s. Yesterday, Nvidia’s share rose again by nearly five percent, with high expectations for the results announcement.
According to Bloomberg, Barclays’ strategists wrote that they consider Nvidia’s result to be the most important market catalyst for the rest of the year, even though there is, for example, the US central bank Fed’s interest rate meeting in mid-December.
“Expectations are high, and the market is bullish on Nvidia’s results, expecting the fifth consecutive quarterly earnings forecast to be exceeded. Considering Nvidia’s influence, its performance will drive sentiment in the technology sector and also in the wider market towards the end of the year.” IG Australian market analyst Tony Sycamore commented to Bloomberg.