Hello everyone. Tonight, global capital markets are holding their breath, waiting for Nvidia to release its latest earnings report early Thursday morning. This report will point the way forward for the next phase of development in artificial intelligence. Tonight, U.S. stock market performance is somewhat lackluster, as if it’s calm before the storm, with popular stocks and sectors moving up and down in mixed fashion.
The latest released economic data has not significantly changed market expectations for the Federal Reserve to raise interest rates this year. One of the Fed’s commonly used inflation indicators—the U.S. personal consumption expenditures (PCE) price index for July—showed that prices rose 0.2% from the previous month and increased 3.7% from the same period last year. Both figures are 0.1 percentage point higher than economists surveyed by the Dow Jones had expected.