World shares are mixed and U.S. futures slip after Nvidia earnings beat expectations
BNN Bloomberg
U.S. futures fell while global shares were mixed on Thursday after strong-than-expected earnings from chipmaker Nvidia helped ease some investor worries over the artificial intelligence boom.
In early European trading, Britain’s FTSE 100 gained 0.2 per cent to 10,824.90. France’s CAC 40 rose 0.4 per cent to 8,593.83, while Germany’s DAX down 0.2 per cent to 25,133.39.
The future for the S&P 500 fell 0.1 per cent, while that for the Dow Jones Industrial Average was down 0.2 per cent.
Asian shares mostly advanced. Tokyo’s Nikkei 225 crossed the 59,000 mark for the first time, although it later gave up some gains, rising 0.3 per cent to 58,753.39. Shares of SoftBank Group, which has a focus on AI technology, rose 4 per cent.
Share prices also pushed higher after Japanese Prime Minister Sanae Takaichi appointed two economists viewed as favoring keeping interest rates low to the board of the central bank. The Bank of Japan has been gradually raising rates from near zero.
South Korea’s Kospi surged 3.7 per cent to 6,307.27, driven by gains for tech-related stocks. The index surpassed the 6,000 level for the first time on Wednesday. It has gained 46 per cent since the beginning of this year after enduring a year of political upheavals that ended with former President Yoon Suk Yeol being sentenced to life in prison.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
Top Picks from Greg Newman, Senior Wealth Advisor & Portfolio Manager, Newman Group, ScotiaMcLeod
Dan Tobon outlines key market wildcards, including geopolitical risks, AI disruption and shifting investor sentiment.
U.S. stocks are sinking Friday as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year because of the war with Iran.
Pinterest CEO Bill Ready called on world leaders to ban social media for youth under 16 in a LinkedIn post on Friday.