Ahead of the eagerly awaited quarterly results of the US semiconductor giant Nvidia, investors regained some courage in the middle of the week. The German leading index Dax gained 0.29 percent on Wednesday, closing at 17,118.12 points. It remained within striking distance of the record high of around 17,200 points. For the MDax of medium-sized stocks, however, it fell by 0.17 percent to 25,714.20 points.
Ahead of the eagerly awaited quarterly results of the US semiconductor giant Nvidia, investors regained some courage in the middle of the week. The German leading index Dax gained 0.29 percent on Wednesday, closing at 17,118.12 points. It remained within striking distance of the record high of around 17,200 points. For the MDax of medium-sized stocks, however, it fell by 0.17 percent to 25,714.20 points.
Nvidia reports on its latest business developments shortly after the US stock market closes. The company is considered an indicator of the fantasy surrounding the topic of artificial intelligence (AI) that lies in many tech stocks. Before the Nvidia figures, monetary policy is still attracting attention in the evening – with the minutes of the most recent US Federal Reserve meeting. The details from this could become important in order to better assess the likelihood and timing of interest rate cuts. Economic data recently has not been conducive to the assumption that this will happen quickly.
Source: Stern
