Global Markets Surge Amid AI Recovery and Political Drama
World stocks hit new highs as AI-related fears eased. Japan's yen strengthened, and gold prices rose amid U.S.-Iran talks. Nvidia's earnings lifted Japan's Nikkei and South Korea's KOSPI. Europe's market movements were mixed, while AI spending soared as political developments unfolded in Europe.
World stocks soared to record levels on Thursday after anxiety over AI disruptions subsided. In Asian markets, Japan's Nikkei and South Korea's KOSPI reached new heights, buoyed by accelerated tech investment in AI, especially from industry leader Nvidia.
However, the European markets showed mixed signals, with London's Stock Exchange Group experiencing a significant 6% rise after announcing a $4.1 billion buyback. Meanwhile, the S&P 500 and other U.S. stock futures remained relatively stable as Nvidia's soaring AI processor demand spurred continuous market interest.
In political arenas, European focus shifted to Denmark's announcement of upcoming elections and fluctuations in the British pound amidst a crucial UK election. Meanwhile, international tensions loomed as the U.S. and Iran engaged in talks to resolve nuclear disputes, impacting crude oil prices.
ALSO READ
-
Nvidia Earnings Fail to Impress Amid AI Investment Jitters
-
Tech Stocks Rally Ahead of Nvidia Earnings: AI Optimism Resurges
-
Tech Rally Lifts Nasdaq and S&P 500 Pre-Nvidia Earnings
-
Tech Stocks Soar Amid AI Disruption and Market Uncertainty
-
U.S. Stocks Show Signs of Recovery Amid AI Disruption Fears and Tariffs