Stock Market News·2025-12-03 11:08Financial Performance - Royal Bank of Canada (RBC) reported an adjusted earnings per share (EPS) of C$3.85 for Q4 2025, exceeding analyst estimates of C$3.45 to C$3.54 [2][10] - RBC's net income for Q4 2025 was C$5.434 billion, reflecting a 29% increase from the previous year, with a Return on Equity (RoE) of 16.8% [3][10] - The bank's revenue for the quarter reached C$17.21 billion, surpassing expectations of C$16.72 billion to C$16.412 billion [2][10] Technology Sector - Nvidia (NVDA) is experiencing significant free cash flow, estimated to be near $100 billion for the current fiscal year, leading to strategic investments including a $5 billion investment in Intel and a planned $100 billion investment in OpenAI [4][10] - Nvidia has repurchased nearly $50 billion of its own stock over the past four quarters, with an additional $60 billion added to its buyback plan [4][10] Commodities Market - Trafigura's Chief Economist Saad Rahim indicated that India's oil consumption growth is projected to outpace China's for the first time in 2025, driven by urbanization and rising incomes [6][10] - China's oil demand is expected to hit a multiyear low in 2026, as its underlying crude consumption growth slows [6][10] European Economic Indicators - In Germany, new passenger car registrations increased by 2.5% year-over-year in November, totaling 250,671 units, indicating a slight recovery in the automotive sector [7][10] Monetary Policy Insights - ECB Chief Economist Philip Lane stated that a monetary policy response is necessary for "sufficiently large and persistent" deviations from the 2% inflation target, but cautioned against reacting to temporary fluctuations [8][10]