Nvidia delivered a surprisingly strong revenue forecast and its outlook signals that demand remains robust for Nvidia’s artificial intelligence accelerators, the pricey and powerful chips used to develop AI models. Nvidia had faced growing fears in recent weeks that the runaway spending on such equipment wasn’t sustainable. European chip stocks gained on the news. Elsewhere in Europe, French lender BNP Paribas announced a €1.15 billion share buyback program and boosted their capital goal.
Many Federal Reserve officials said it would likely be appropriate to keep interest rates steady for the remainder of 2025, according to minutes of the Federal Open Market Committee’s October 28-29 meeting.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
Chapters:
00:00:00 – The Opening Trade
00:00:36 – Market Check
00:02:38 – Nvidia Upbeat Sales Forecast
00:05:28 – Fed Rate Cut Bets Retreat
00:09:20 – EU to Discuss New Russia Sanctions
00:11:36 – China Weighs New Property Stimulus
00:12:09 – BlackRock Breach
00:12:42 – BRC Net Confidence -44
00:13:57 – Nvidia CEO Jensen Huang
00:18:14 – Amundi CIO Vincent Mortier
00:24:54 – Nasdaq Futures
00:31:34 – ‘Many’ Fed Officials Against December Cut
00:37:59 – Nvidia Stock
00:46:55 – Stocks to Watch: Tech Stocks, BNP Paribas, Novartis
01:08:58 – Crypto World Wipes Out $1 Trillion
01:14:33 – BNP Paribas Starts Buyback
01:15:57 – Carson Block, Muddy Waters Capital CEO on Short Selling
01:29:41 – Trump Ukraine Peace Plan
01:32:16 – Bloomberg New Economy Forum
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