Nvidia's High Hopes Boost Asia's Stock Markets; New Zealand Dollar Surges Due to Optimism

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SYDNEY: Asian shares edged higher on Wednesday as anxious investors dared to hope AI-diva Nvidia could meet sky-high expectations, while also keeping a wary eye on the outlook for U.S.and UK interest rates.

"Sentiment is quite positive, with our bars well-above consensus and a sense that management has left some in the tank to surprise positively," said JPMorgan analyst Josh Meyers.

Brent crude fell 60 cents to $82.28 a barrel, and the spread over futures narrowed further, while U.S.crude lost 63 cents to $78.03 per barrel.

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Category: EconomyBusiness

Markets: MalaysiaJapanNew Zealand

Topics: Stocks Markets /Business/Business News Asia Commodities Equities Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-22 @ 13:39:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 21 lines

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Copyright Owner: © The Star

News ID: 21055686

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