Global Markets Overview: FTSE and DAX Up, Nikkei and Hang Seng Down; Nvidia Takes a Hit as Bond Yields Rise
The current market overview includes a variety of reports, trends, indices, stock prices, bonds, foreign exchange, and commodities. In Europe, the stock markets are showing a positive trend with the FTSE rising by 0.4%, the DAX adding 0.3%, and the CAC in France increasing by 0.6%.
In Asia, the main indices are trading in a negative trend with the Nikkei falling by 1.5%, the Hang Seng losing 0.4%, and the Shanghai Stock Exchange experiencing a decrease while the Kospi index rises slightly by 0.1%. On Wall Street, futures are trading slightly lower as the Nasdaq fell 0.1%, the S&P 500 increased by 0.1%, and the Dow Jones rose by a similar amount.
Tech giant Nvidia saw a decrease in trading after investor Stanley Druckenmiller cut his investment citing concerns about the artificial intelligence boom ending soon. Meanwhile, Apple announced new models of its tablets – iPad Air and iPad Pro. In the American debt market, government bond yields are trading slightly higher with the 10-year bond at 4.47% and the two-year bond at 4.83%. Oil prices are slightly lower at $78 per barrel for American oil and $82 per barrel for Brent. The Central Bank of Australia left interest rates unchanged at 4.35%.
Looking ahead to Wednesday, no significant macro data is expected to be published except for industrial production data in Germany
