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GLOBAL Stocks and bonds steady as Nvidia earnings test looms
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Malaya Business Insight
LONDON — Stocks and bond yields held firm on Monday, as markets paused for breath after a wobble in tech stocks last week that could resume or reverse when $5 trillion chipmaker Nvidia reports earnings on Wednesday.
Expectations for a US interest rate cut in December have fallen to less than 50 percent following policymakers sounding hesitant.
That has started to put pressure on stocks, especially in the frothy and rates-sensitive technology sector.
In Asia trade, Japan’s Nikkei dipped 0.2 p rcent with tourism and retail stocks down heavily after China cautioned citizens against visiting Japan.
The headline US data release this week will be Thursday’s delayed September jobs report.