DAX edges higher as Nvidia outlook boosts AI optimism
DAX 40 traded slightly above flatline around 26,300, supported by technology stocks after Nvidia’s strong sales outlook. Investors stayed cautious ahead of the Jackson Hole symposium and Fed Chair Kevin Warsh’s Friday remarks.
The DAX 40 traded slightly above the flatline around 26,300 on Thursday, supported by technology stocks after Nvidia’s strong sales outlook reinforced optimism over continued AI spending.
Meanwhile, investors remained cautious ahead of the Jackson Hole central bankers’ symposium, which kicks off today, with Fed Chair Kevin Warsh scheduled to speak on Friday.
Markets are seeking further guidance on the path of monetary policy, particularly as the latest data showed inflation remains well above the central bank’s 2% target.
In the meantime, the Middle East situation continued to be monitored.