“We expect Nvidia to exceed estimates and provide future earnings and revenue guidance that is higher than investors expect. It’s unlikely that Nvidia has seen any slowdown in demand for its products, even with increased competition, given how early we are in the AI cycle,” said James Demmert at Main Street Research.Investors are eagerly awaiting Nvidia’s third-quarter earnings report, scheduled for release after the market close. The chipmaker’s earnings reports have been market-moving since May 2023, when ...

LONDON (AP) — Inflation in the U.K. fell to a four-month low in October, official figures showed Wednesday, in a move that has raised expectations of another Bank of England interest rate cut next month. The Office for National Statistics said the annual rate of inflation, as measured by the consumer prices index, fell to 3.6% in October from 3.8% the previous month. Though the rate was the lowest since June, it was a bit higher than the 3.5% that most economists were forecasting for the month. The main ...

As you get older and your financial situation changes, you might be tempted to sell off retirement assets for short term gain, especially when things like inflation fear and economic turmoil play with your head. However, just because you’re retired, it doesn’t mean you can be impulsive with your savings. Read Next: 7 Things You Should Own in Retirement, According to Kevin Lum Check Out: 5 Clever Ways Retirees Are Earning Up To $1K Per Month From Home When people say that building wealth is a long game, th ...

U.S. stock futures were steady on Wednesday after Tuesday’s declines. Futures of major benchmark indices were higher.Investors await Nvidia Corp.'s (NASDAQ:NVDA) highly anticipated earnings report on Wednesday. Meanwhile, the minutes of the Fed’s October FOMC meeting will also be released later today. The 10-year Treasury bond yielded 4.12% and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing a 46.6% likelihood of the Federal Reserve cutting the current intere ...

Group 1: Market Overview - Equity markets are under renewed pressure, particularly in the tech sector, with the European stock 600 closing at a one-month low and the DAX dropping to its lowest levels since June [2][36] - The upcoming earnings report from Nvidia is highly anticipated, with analysts expecting a significant rise in sales, raising concerns about a potential AI bubble [2][36] Group 2: Inflation Data - The UK CPI has come in at 3.6%, matching Reuters estimates and marking the lowest level in five months, although still significantly above the Bank of England's target of 2% [4][9] - Services CPI for October is reported at 4.5%, slightly below the expected 4.6%, indicating some relief for the Chancellor ahead of the budget [5][10] Group 3: Budget Implications - The upcoming UK budget is seen as a critical fiscal event, with expectations that it could be inflationary due to higher spending without raising income taxes [11][13] - Analysts suggest that the budget may not provide the Bank of England with enough room to cut rates, despite the current inflation data [12][28] Group 4: Nvidia's Earnings Expectations - Nvidia is expected to report an EPS of $1.25 per share on $55 billion in sales, representing a year-on-year increase of 56% [36] - The company has a substantial backlog of orders, with CEO Jensen Huang revealing half a trillion dollars worth of orders for the upcoming years [36][39] Group 5: Debt Concerns in the Tech Sector - Concerns are rising about the increasing debt levels among tech companies, with estimates suggesting that companies could add $700 billion in net debt without significantly raising their leverage [40][41] - The focus is shifting towards capital expenditure and whether hyperscalers will maintain their spending pace amid market pressures [39][62] Group 6: Private Market Dynamics - The private market is experiencing significant activity, with companies like Elon Musk's XAI reportedly in advanced talks to raise $15 billion at a valuation of $230 billion [53] - The trend of companies staying private longer is reshaping the investment landscape, with implications for valuations and competitive dynamics [66][70]

Inflation dips to give hope of interest rate cut, and WH Smith CEO resigns -- get briefed ahead of your morning calls with The London Rush https://t.co/liDguePbbX ...

South African inflation accelerates less than expected on the eve of a widely expected interest-rate cut https://t.co/b5t7Inv7cV ...

Market Trends & Concerns - The market is experiencing a healthy pullback after a significant run this year, particularly in U S equity markets focused on AI [1] - Investors are closely watching Nvidia earnings as a crucial indicator for AI investment returns [1][3] - Labor market uncertainty, influenced by events like the government shutdown, is a major concern for investors [2] - Inflation remains stubbornly high, impacting market sentiment [2] - Affordability is a key focus in the U S election cycle, shaping market dynamics [3] Investment Strategy & Outlook - Investors are pulling back to protect gains after a strong market performance [3] - Market technicals suggest a bias towards more protection and potential downside, with increased short activity and macro hedging [4] - There's a potential for further market pullback, although it may not be drastically pronounced [4]

Market Overview - Current market pullback is viewed as healthy after significant gains this year, particularly in U.S. equity markets focused on AI dynamics [1][3] - Anticipation surrounding Nvidia's earnings is critical, as it may indicate whether the market's expectations for returns on capital invested in AI are justified [1][3] Labor Market Concerns - Labor issues remain a major concern for investors, especially following the recent government shutdown, which has created uncertainty in labor statistics [2][3] Inflation Impact - Inflation continues to be a stubborn issue, influencing market sentiment and investor behavior [2][3] Market Sentiment and Technical Analysis - Investors are currently pulling back to protect gains, indicating a potential need for market correction [3][4] - Technical indicators suggest a bias towards further market protection and downside risk, with increased short activity and macro hedging [4]

UK inflation fell for the first time in seven months, with price pressures easing https://t.co/CpLMIZVLKc ...