FX168 Financial News (Asia-Pacific) reports that nvidia's sales growth is slowing down and geopolitical tensions are causing investor anxiety, while bitcoin is steadily progressing towards the $0.1 million mark.
The prospects of slowing sales growth for ai giant nvidia and concerns about geopolitical tensions are tightening investor sentiment. However, bitcoin remains unfazed, benefiting from expectations that Trump's second term will support cryptos, steadily approaching the $0.1 million threshold.
European stock market futures indicate a lower opening as investors digest nvidia's slowest revenue growth expectation in the past seven quarters. This data is disappointing for investors accustomed to nvidia's consistent outperformance.
Nvidia's forecasts could pressure its suppliers and the overall market. As a core player in the ai field, nvidia has driven most of the market's gains in recent months, with its performance showing broad market influence.
The European session is expected to lack significant economic data, and the technology sector may continue to drag the market down. Earlier this week, European tech stocks fell to a three-and-a-half-month low.
The Indian conglomerate Adani Group has become the focus due to its chairman Gautam Adani being charged in the usa for his involvement in a $0.265 billion bribery case. According to accusations from us prosecutors, Gautam Adani allegedly played a key role in the bribery scheme.
The news had an immediate impact on Adani Group, with the stock prices of its listed companies plummeting by 10% to 20%, and the prices of usd bonds also fell. This turmoil has escalated the crisis the group has faced since suffering a short-selling attack in February 2023.
In the mmf market, the usd remains strong, with the usd index close to the one-year high reached last week. Since Trump's electoral victory earlier this month, the market expects his proposed tariff policy may drive inflation higher, keeping us interest rates elevated for a longer period, leading to the continued strengthening of the usd.
Bitcoin is currently the focus of the market, having risen about 40% in the two weeks since Trump's election. Investors generally expect the Trump administration to establish friendlier regulatory policies for the cryptos sector.
Currently, the price of bitcoin has reached a new high during the asia trading session, hitting $97,798, which is not far from the $0.1 million mark.
Key events that may impact the market on Thursday:
Economic data: November business climate index for France; preliminary consumer confidence index for the eurozone in November.