"With Stoxx Europe 600 index constituents providing an impressive €85.7 billion ($101 billion) of share buybacks (the highest Jan-Feb period of record), equities are provided with yet another tailwind. On the data-front, today brings a focus on eurozone inflation data, with France, Germany, and Spain all reporting their latest CPI data."
"The tech sector has grabbed the headlines after a surprising collapse in Nvidia shares despite blockbuster earnings and a positive outlook from Jensen Huang. With stocks like Nvidia so consistently beating market expectations, it becomes difficult to know exactly what they have to do to impress the markets."
"Markets continue to keep a close eye on the negotiations taking place in Geneva, with positive progress expected to take those discussions into next week. While Iran will hope to stave off any military conflict, the US does continue to position itself for such an eventuality, with the nuclear-powered aircraft carrier Gerald R. Ford arriving off the coast of Northern Israel today."
European markets demonstrate resilience as traders diversify from US tech sector risks and Trump's policy uncertainty. The Stoxx Europe 600 index benefits from record share buybacks totaling €85.7 billion in January-February, the highest for that period on record. Eurozone inflation data from France, Germany, and Spain suggests the ECB will maintain its current course. Meanwhile, the tech sector experiences volatility, with Nvidia shares declining despite strong earnings and positive guidance, though long-term prospects remain positive. Geopolitical tensions escalate as negotiations occur in Geneva, with the US military positioning near Israel, creating oil price fluctuations as traders assess conflict risks.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]