Weekly Focus - Strong Market Sentiment Continues
The leading AI chip designer Nvidia stole market headlines this week with a record daily jump in market capitalization of USD277bn on Thursday as its' stock rose 16% after it released blowout results and provided upbeat expectations. The news drove a turn higher in stock markets with both EuroStoxx50 and S&P500 hitting new record highs. More signs of a manufacturing recovery in the US added support to the market. Metal prices moved up over the week helped by a surprise 25bp cut in the Chinese benchmark for mortgage rates. Even Chinese stocks had a strong week after a very turbulent st...
Source: actionforex.com
