On Wednesday, February 21, on the eve of the Federal Reserve meeting minutes and the earnings report of artificial intelligence giant Nvidia, U.S. stocks** were lower, and the 10-year U.S. Treasury yield and the U.S. dollar fluctuated little; Affected by the poor performance of corporate earnings, the European index was mixed.
The highly anticipated Nvidia earnings report is about to be released, and the analysis points out that strong profitability and revenue data that significantly exceed expectations are no longer the focus of market attention. Rather than short-term earnings figures, the market is more focused on the "future": the demand outlook for H100 GPU chips, more details on the next generation of GPU chips B100, and the planned product roadmap for next year. The minutes of the Federal Reserve meeting will also be released tonight, and traders have been forced to continue to cut bets that the Fed will cut interest rates soon, with the first rate cut expected to be postponed until June after recent data showed that U.S. inflation did not cool as quickly as investors had hoped. Investors will learn more from the FOMC minutes for policy investors' views on the path of rate cuts.
The three major U.S. stock indexes continued the trend, and the Dow, which is dominated by blue chips, fell 015%；The S&P 500** fell 018%；The tech-heavy Nasdaq 100** fell 039%。The Nasdaq 100 fell nearly 1% the previous day, and the S&P 500 fell below 5,000 points.
Large technology stocks fell, Nvidia fell nearly 2%, AMD fell more than 1%, Tesla, Qualcomm fell nearly 1%.
Before the U.S. stock market, Chinese concept stocks rose, JD.com and Xiaopeng Motors rose more than 3%, Tencent** and Bilibili rose nearly 3%, and Weilai and Weibo rose more than 2%;
Hong Kong stocks continued to recover today, with the Hang Seng Index closing up 157%, after banks increased financing support for real estate enterprises, the real estate developer sector led the gains, and the quantitative trading supervision and "combination punch" reduced concerns about short selling. European indices were mixed, with the Euro Stoxx 50 up 027%, the German DAX30 index rose 025%。French CAC 40 Index**027%。The UK's FTSE 100**078%, the Euro Stoxx 600 index fell 026%。
Bank stocks led the decline, and HSBC Holdings' financial report showed that the profit in the fourth quarter was 80%, mainly due to the impairment of the shares of Bank of Communications of 3 billion US dollars, and the stock price fell by more than 7%.
Commodity trader Glencore's earnings fell short of expectations, with profits falling sharply and its stock price plummeting 61%。Rio Tinto, the world's largest iron ore miner, saw its share price fall due to weak profits on the metal**. French grocer Lorefour reported a buyback**, but its quarterly sales were lower than expected.
In terms of commodities, aluminum prices rose nearly 3%. In addition, ** is also higher.
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