During the week, the stock market indices reached record levels during the week, while the European stock market exchanges significantly fell significantly, mostly due to the political crisis in France.
At Wall Street, the Dow Jones lost 0.2 percent last week, to 45,544 points, while the S & P 500 rose 0.2 percent, to 6,460 points. Nasdaq fell 0.2 percent, at 21,455 points.
In the focus of the investor, the quarterly business results of Nvidia were. Although the revenues and profits of the world’s largest company in market value were slightly better than expectations, the Stock Price of Nvidi fell slightly after the announcement of the results.
However, the messages of that largest World Music Chip for artificial intelligence on strong demand are encouraged by the growth of shares associated with the development of AI technology.
Thanks to that, the prices of technological giants such as Alphabet, Amazon and Broadcom have increased.
Thus, in the middle of the week, the stock indices reached record values, but were slipped slightly by the end of the week.
In the center of the investor’s attention, new data on inflation in the United States, which have shown that in July, the inflation was 2.9 percent – the highest level since February.
It is obvious that the introduction of customs encourage the growth of prices of imported products, which could lead to inflation to remain elevated and in the coming months.
On the other hand, considering the recent data shows the weakening of the labor market, investors believe the US Central Bank at Session 17. September reduces interest rates for 0.25 percentage points.
However, until then, the Employment Report in the United States will be published for August, which could affect further interest expectations.
“Fed opened the door to reducing interest rates, is it open to whether the weakness of the labor market is higher risk of interest in the decision to reduce interest,” Ellen Zentner, Strategy in Morgan Stanley Wealth Management.
The European stock market exchanges have fallen last week, mainly due to the political crisis in France, where the minority government is trying to push great budget savings.
The London FTSE index weakened 1.4 percent, to 9,187 points, while Frankfurt Dax fell 1.9 percent, to 23,902 points, and the Parisian CAC is as much as 3.3 percent, to 7,703 points.
