From Investing.com: 2025-05-14 04:36:00

Heading into the European open, stock futures signaled declines in European markets and a steady session for Wall Street with the marginally higher. Tech stocks are gaining attention again after U.S. chipmakers Nvidia and AMD announced major AI deals in the Middle East. Nvidia’s stock jumped, boosting the company’s value to $3 trillion and CEO Jensen Huang’s wealth to $120 billion. On the FX front, the US dollar index stayed steady at 100.87 after its biggest drop in over three weeks. Gold prices jumped nearly 2.6% yesterday, hitting their highest level since late April. Asian markets rose, driven by tech companies, as investors waited for earnings reports from big Chinese tech firms this week. Australia’s wages grew more than expected in the first quarter, reflecting a tight job market boosted by increased public-sector hiring. Today’s economic data releases include final CPI figures for April in Germany and Spain, Europe earnings reports, and the OPEC monthly oil report. The US Dollar Index (DXY) rally appears to be fizzling out after rallying to a 1-month high on Monday, with immediate support at 100.61 and 100.00 before the 99.57 handle comes into focus. If the DXY is to maintain its current uptrend and extend its recovery, a hold above the psychological 100.00 handle may be key.

Source: LSEG, OANDA Labs, MarketPulse.



Read more at Investing.com: European Markets Steady as US Tech Buzz Offsets Trade Concerns