Stock market technology supports Europe after Nvidia data. Now eyes on Jackson Hole

Stock market technology supports Europe after Nvidia data.  Now eyes on Jackson Hole

(Il Sol 24 ore Radiocore) – European stock exchanges Positive, but without the initial impetus, backed by technology. The eagerly awaited giant’s numbers Nvidia Corporation It has exceeded all expectations, thanks to the demand for AI chips, which will also ensure strong growth in the future. Good Asian bags Led by the technology and futures sector of Nasdaq. After the session on the eve of which showed growth slowing in Europe and the United States with Purchasing Managers’ Indexes (PMI) slowing, all eyes were on the start of work at the economic conference. Jackson Hole From which we expect indications of the future of global monetary policies and possible indications to stop there monetary pressures United States and Europe in September. Wait is for a letter Jerome Powellscheduled for Friday afternoon, while Christine Lagarde It will intervene on Friday evening, Italian time.

Erg shopping is back in Milan at Luce St

On the share of Milan, in ftsimip He is in the light STMicroelectronics With European technology, driven by Nvidia’s numbers and prospects. Bankers’ recovery fails with MBS Bank Under pressure again after being punished eve. Good but without much momentum Stellantis After rumors of looking for a partner in china. Go back up Irg which continues to benefit from the increase in renewable energy production in Italy. handbrake on Italy contacts, Waiting for news on the network file. in the layout Iveco Group which was affected by Deutsche Bank’s hedge initiation, with a price target of €10 and a hold rating of e. Saipem in a weak energy environment.

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Gas breaks again, and Australia moves away from the threat of a strike

Still falling apart gas in Amsterdam, having set an initial price of less than €30 per megawatt-hour, is trading at around €31.55 (-13%), while union negotiations to avert strikes are glimmering in Australia. Gas prices are starting to fall again as the possibility of a strike at Australia’s largest LNG plant arose. Woodside energyAnd that after the unions said they would study the offer made by the company during the negotiations that lasted all night. And the fear of strikes led to a rise in gas prices, which were subject to strong fluctuations in the past month, for fear that a shortage of liquefied natural gas from Australia would lead to the movement of Asian demand towards Europe, which puts production in difficulty.

The dollar is starting to rise again, and the euro is looking at 1.08

The US dollar started to rise again against the other currencies, erasing most of the previous day’s losses. “The release of unexpectedly negative US manufacturing and services data on Wednesday led to a drop in Treasury yields and the dollar’s subsequent loss in value,” ActivTrades analysts said. In fact, United immediately generates volatility in the markets, as investors see this as a possible reason for the Fed to start cutting interest rates. “However – experts continue – after the initial gut reaction, we are back to normal, with the dollar ahead and investors awaiting once again Jerome Powell’s speech at the Jackson Hole Symposium.”

Oil is recovering after three sessions of decline

Back to climb oil priceAfter three consecutive days of decline. Concerns about slowing demand aside, with disappointing PMI data for Europe and the US and an unexpected increase in US gasoline inventories (on the other hand, crude oil stocks fell way beyond expectations). The market is now focusing on the Fed and the signals that will come out of Jackson Hole.

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