Nvidia’s stronger-than-expected outlook countered concerns over rising U.S. PCE inflation, stabilizing regional equities after overnight losses.
Asian markets traded mixed on Thursday as Nvidia’s robust earnings guidance offset investor caution over hotter-than-expected U.S. PCE inflation data. Wall Street closed lower overnight after the inflation print pushed Treasury yields higher, but sentiment recovered in equity futures following Nvidia’s results.
The U.S. personal consumption expenditures price index rose more than anticipated, reinforcing expectations of prolonged higher interest rates. Prior to Nvidia’s report, regional benchmarks had mirrored Wall Street’s decline, with tech-heavy indices under pressure.
Nvidia’s upbeat revenue forecast for the current quarter eased concerns, supporting a rebound in global risk appetite. Futures tied to major U.S. indices turned positive, signaling a potential recovery in Asian equities.