FTSE 100 Live: Stocks drop; US inflation outweighs Nvidia triumph
U.S. inflation data lifted rate-hike bets as investors awaited Nvidia earnings, while the FTSE 100 slipped after six straight sessions of gains.
8 Articles
8 Articles
Evening Standard
The IndependentFTSE down as inflation fear offsets Nvidia lift
The FTSE 100 index closed down 85.58 points, 0.8%, at 10,792.54.
Global markets are searching for direction amid rising inflation concerns in the US and tech optimism fueled by better-than-expected earnings from US chipmaker Nvidia.
FTSE 100 Live: Stocks drop; US inflation outweighs Nvidia triumph
Welcome back to the City AM FTSE 100 liveblog. The UK’s blue chip has taken a battering in early trading, as murky US inflation data overshadowed Nvidia’s sales triumph. While headline inflation fell back, the Fed’s preferred measure – the Personal Consumption Expenditures Price Index (PCE) – is still running hot at 3.7 per cent. Investors will be closely watching Jackson Hole as the Federal Reserve’s annual conference gets underway. Fed chair K…
FTSE 100 misses out on Nvidia boost
The FTSE 100 fell on Thursday, missing out on a boost from Nvidia earnings, which sparked a rally in US futures after the chip giant smashed estimates. Nvidia shares were a whopping 7% higher in the US premarket, helping lift most of the US tech sector. London’s leading index side-stepped most of the concern around […] The post FTSE 100 misses out on Nvidia boost appeared first on UK Investor Magazine.
Initial optimism over the tech giant's results has waned, while investors are once again concerned about high inflation in the US.
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
