[STOCK MARKET UPDATE] The political situation in France weighs on market confidence

Global stock markets sluggish on Wednesday, buoyed by feverish anticipation of results from US giant Nvidia. However, political instability in France and controversy over the independence of the US Federal Reserve are maintaining a climate of uncertainty.

 

In Europe, indices attempt a cautious rebound. At the opening, the CAC 40 rose 0.30% to 7,732.98 points, after two sessions of sharp declines. The Frankfurt Dax advanced 0.15%, while the London FTSE 100 gained 0.36%. The pan-European Stoxx 600 index was up 0.30%.

 

On Wall Street the previous day, the markets had closed in positive territory : the Dow Jones gained 0.30%, the S&P 500 0.41% and the Nasdaq 0.44%.

 

In Asia, results were mixed : Tokyo’s Nikkei gained 0.3%, buoyed by technology stocks, while Shanghai (-0.93%) and Hong Kong (-0.71%) ended lower.

 

Asia hangs on Nvidia’s results

 

Asian markets traded nervously, driven by a single question : Will Nvidia confirm the euphoria surrounding artificial intelligence ?



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Read also > [STOCK MARKET UPDATE] Global markets decline amid falling tech stocks and renewed inflation in the UK 

 

Featured photo : © Getty Images

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Anthony Conan
Graduated as a multimedia journalist in 2019, Anthony Conan has multiplied his experiences, notably as an editorial assistant at TF1 and as a radio journalist at RCF Bordeaux. He specializes in video editing in addition to writing, and has developed a particular interest in economics.

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