Nvidia(US:NVDA) Stock Market News·2025-10-03 07:38Gold Market - Gold is set to achieve its seventh consecutive weekly gain, with spot prices around $3,851.99 per ounce, following an all-time high of $3,896.49 [2][9] - The surge in gold prices is driven by expectations of further U.S. interest rate cuts, with a near-certain 25 basis-point cut anticipated this month [2][3] - Year-to-date, gold has seen a remarkable 47% increase, bolstered by concerns over a potential U.S. government shutdown that could delay key economic data [3][9] Geopolitical Tensions - Russia has launched a significant attack on Ukraine, deploying 381 drones and 35 missiles targeting energy infrastructure, which is viewed as a strategy to undermine civilian infrastructure ahead of winter [4][9] - The UK Space Command reports ongoing Russian attempts to jam military satellites, indicating heightened geopolitical risks [5][9] - Denmark is investigating drone sightings over military facilities, labeling them as a "hybrid attack," while assessing the risk of direct military confrontation as low [6][9] Economic Impact of Trade Tariffs - The U.S. trade tariff policy poses a potential 0.1% reduction in Italian GDP for this year and 0.5% in 2026, with a cumulative contraction of 1.4% projected between 2025 and 2026, potentially erasing €30 billion from the economy [8][10] - Despite these projections, Italy's Economy Minister maintains the government's growth forecasts, projecting a tax burden of 42.8% in 2025 [8][10] Spanish Services Sector - Spain's HCOB Services PMI for September rose to 54.3, indicating accelerated expansion in the services sector, attributed to a robust increase in new business and improved business confidence [11] - Employment in the Spanish service sector has continued to grow for 36 consecutive months, although challenges remain from lagging export growth and rising input costs [11] Cybersecurity Incident - Japan's Asahi beer production faces potential shortages due to a cyber attack that disabled ordering and delivery systems, leading to production halts across numerous factories [12] - The incident has raised concerns about panic buying and has forced Asahi Group to suspend new product launches [12] Tech Sector Performance - Financial market volatility is decreasing as investors focus on the AI-driven rally in megacap tech shares, with the S&P 500 and Nasdaq Composite reaching new all-time highs [13][14] - Nvidia has achieved an all-time high, reflecting the sustained momentum in the AI sector, with OpenAI's valuation reportedly soaring to nearly $500 billion [14]