Senior Relationship Manager
Good morning,
Today, the big question is whether Nvidia or Russia will dominate the market. Nvidia is reporting earnings after the close today, and the expected market cap move is a massive $300 billion.
At the same time, Reuters reports that Russia seems willing to discuss a cease-fire in Ukraine under the condition that there are no concessions in terms of land or NATO membership for Ukraine. Risk is trading lower on this news, following yesterday's first employment of long-range missiles by Ukraine and Russian saber-rattling, which had the opposite effect.
The Dow closed lower yesterday, while the S&P and Nasdaq rose, driven by tech stocks—Nvidia gained 5%. Walmart reached a new all-time high after earnings. Super Micro soared 31.2% after progress on compliance issues.
Bitcoin is trading near $93,000. US 10-year yields have receded to 4.4%, taking the USD Index back to 106.20. EUR/USD is at 1.0585, GBP/USD at 1.2704, and USD/JPY at 155.45. On Friday, the high in USD/JPY was 156.75, and yesterday's low was 153.28. That is much more than is normal for two major currencies to move against each other.
Gold and silver have recovered from recent lows but are off yesterday's highs on the news from Russia; gold is at 2625, and silver at 31.02.
Nvidia will report after the close and is expected to report a sales growth of 83% to $33 billion and quarterly earnings of $0.74 per share, marking an 85% increase.
Pleases do remember that you are able to trade stocks and CFD until 23:00 CET if you wish, you need to enable the Extended Trading Hour feature in the settings and can then place limit orders that are active from 13:00 CET to 23:00 CET.
Key Articles by our Strats team on Nvidia: Nvidia Earning Preview: and Nvidia earnings countdown: 3 trades to capitalize on volatility
Wednesday
- Data DE Producer Prices, UK CPI
- Earnings: Nio, Target, Nvidia, Snowflake, Paloalto
- Barr, Colllins and Cook speak
Thursday
- Data Turkey Rate decision, US Initial Jobless Claims,
- Earnings: Baidu, JohnDeere,
- Hammack & Barr speak
Friday
- Data UK Retail Sales, Global PMI
Quarterly Outlook
Global Head of Macro Strategy
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Global Head of Investment Strategy
Quarterly Outlook
Head of Commodity Strategy
Quarterly Outlook
Global Head of Macro Strategy
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Head of Commodity Strategy
Quarterly Outlook
Global Head of Macro Strategy
Quarterly Outlook
Head of Fixed Income Strategy