From Investing.com: 2024-11-18 01:50:49

Global stocks were steady as investors awaited Nvidia’s earnings. Bank of Japan Governor Ueda hinted at potential rate hikes, causing the yen to weaken. IG market analyst Sycamore believes a rate hike next month depends on the dollar/yen level. Despite a weaker yen, Japan’s Nikkei fell 1.16%, while Asia-Pacific shares outside Japan rose 0.1%.

Nasdaq futures gained 0.7% ahead of Nvidia’s earnings, expected to show a revenue jump. Nvidia’s shares are up nearly 200% this year. EuroSTOXX 50 futures added 0.12%, while China’s blue-chip index fell 0.3%. U.S. Treasury yields held near multi-month highs as the Fed signaled less aggressive rate cuts. The dollar hovered near a one-year high as U.S. yields rose.

Oil prices were mixed, with WTI futures up 0.1% and Brent futures down 0.04%. Gold prices recovered, rising 0.85% to $2,583.27 an ounce. Fed officials are expected to speak cautiously about aggressive rate cuts. The dollar remained strong against a basket of currencies. European Central Bankers may sound more dovish given economic data and trade risks.



Read more at Investing.com: Shares rise ahead of Nvidia results; BOJ keeps rates markets guessing By Reuters