(This story was reformulated to add the word Muscat in the title)
By chubuke
New York (Reuters) -Global shares decreased on Wednesday, where they got two consecutive sessions of gains, as investors weigh the results of NVIDIA, while oil prices rose amid supply fears as OPEC+ left production unchanged, and while the American authorities prevented Chevron from exporting Khamenezuelan.
The market’s feelings were raised by mitigating trade tensions between the United States and Europe, after President Donald Trump delayed plans to impose a 50 % tariff on European goods. Trump said on Tuesday that the European Union’s move to create commercial meetings was positive.
NVIDIA reported sales before analysts, but revenue expectations in the second quarter were slightly lower than Wall Street, as the chips maker faces a more strict American depth of artificial intelligence chips exports to China.
The semiconductor maker was the last “wonderful” technology company to report profits this season. Her shares ended 0.5 % in normal hours, but rose by 3 % in extended trading.
In Wall Street, all three indexes ended, led by stocks, energy and materials.
Dow Jones Industrial average decreased by 0.58 % to 42,098.70, the S&P 500 index decreased by 0.56 % to 5,888.55 and the NASDAQ boat decreased by 0.51 % to 19,100.94.
Stoxx 600 ended in Europe by 0.61 %, after increasing during the past two days on the back of the European Union’s tariff for Trump. Britain FTSE fell 0.59 %. The MSCI scale of stocks all over the world decreased by 0.54 % to 876.37.
“This is part of the price discovery process,” said Bell Curve Trading, chief strategic expert in Boston. “I think we will be in a range during the next two months because there is still a lot of uncertainty because we still do not know how everything will play the tariff and how this will affect inflation and economy and how the Federal Reserve will respond.”
OPEC+, organization of oil exporting and allies, did not change the output policy. It agreed to create a mechanism to lay the foundation for oil production 2027.
The Trump administration has issued a new license for Chevron that would allow it to maintain assets in Venezuela, but not exporting oil or expanding activities, Reuters said on Tuesday, citing sources.
Brent crude futures settled by 1.26 % to $ 64.90 a barrel, while West Texas Intermediate crude gained 1.56 % to stand at $ 61.84 a barrel.
Federal reserve officials acknowledged at their last meeting that they may face “difficult bodies” in the coming months in the form of increased inflation in addition to high unemployment, according to what was recently released from their last meeting earlier this month.
https://media.zenfs.com/en/reuters-finance.com/c0f7b48242650d29c80d7294466740f5
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