When ‘amazing’ is not enough [Video]
|![When ‘amazing’ is not enough [Video]](https://editorial.fxsstatic.com/images/i/wall-street-03_Small.jpg)
Nvidia continues to do an amazing job. But the latest record-breaking results failed to impress investors. As such, Nvidia may not boost the market sentiment in the same way it boosted over the past two years after its results, but the AI mascot’s earnings will sure not harm the AI outlook, or be an additional drag. S&P500 and Nasdaq futures are up this morning. Let’s see if optimism could survive to the tariff talk, with the ongoing confusion regarding when Trump’s 25% tariffs on Mexico and Canada would go live: March, April?
Of course, the tariff threats are weighing on global sentiment but also on US’ own growth expectations.
In Europe, sentiment got a boost by hope of seeing the end of the war in Ukraine. If the European Central Bank (ECB) continues to give support with lower rates, that would be even better. But the ECB’s ability to cut rates depends on inflation outlook, as well. So watch Spain release its preliminary CPI update for February today, and France, Italy and Germany update their numbers tomorrow.
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