2024-02-22 11:09:20
In Japan, the Nikkei jumped 2.19% to 39,098.68 points, beating its historical closing record dating from December 29, 1989 (38,915.87 points).
“Nvidia’s good forecasts published Wednesday evening gave new impetus to the markets Thursday morning,” Deutsche Bank analysts point out in a note.
In Europe, around 9:40 a.m., the Paris Stock Exchange advanced by 0.95% and Frankfurt by 1.36%, both above their highest level during the session the day following a record close for the two indices. The London Stock Exchange gained 0.15% and that of Milan gained 0.91%, reaching its highest level since May 2008.
Nvidia, which jumped 9% in electronic exchanges following the close of Wall Street on Wednesday, concluded a record year in great shape, with 22 billion dollars in turnover for the period from November to January and 12.3 billion of net profit, results well above its forecasts and market expectations.
In addition, the technology giant expects 24 billion in turnover for the current quarter.
Over its entire annual financial year which ended at the end of January, the Santa Clara (California) group achieved nearly $61 billion in revenue and multiplied its profits six-fold, to nearly $30 billion.
“Rarely, Nvidia stole the show from the Federal Reserve (Fed) minutes published Wednesday evening,” notes Ipek Ozkardeskaya, analyst at Swissquote Bank.
The “minutes” of the Fed, the American central bank, are the minutes of the last meeting of the monetary committee of the institution, a key report scrutinized by the markets while the first reduction in key rates is impatiently awaited .
“The minutes reinforced the idea that the Fed is in no hurry to ease its monetary policy,” note Deutsche Bank analysts.
On Thursday, the European Central Bank (ECB) is due to publish the minutes of its previous meeting.
On the bond market, the yields on ten-year Treasury bills were moving at 4.32%, close to their closing level the day before, but the German bond rate with the same maturity tended more clearly, to 2.5% once morest 2.45%.
Tech boosted by Nvidia
In Japan, Advantest jumped almost 7.5%, Tokyo Electron almost 6% and Screen Holdings more than 10%.
In Europe, ASML gained 4.02%, STMicroelectronics 4.12%, Infineon 3.16%.
Agri-food in different departments
Nestlé published 2023 results below expectations, weighed down by the strength of the Swiss franc and a drop in sales volumes, due to inflation which is straining household budgets, despite their rebound in the latter part of the year. Its stock lost 3.14% in Zurich.
The French giant Danone achieved stable or even increasing turnover in 2023 excluding currency effects, still benefiting from the general rise in prices, even if net profit fell by 8% due to an accounting effect. Its action advanced 1.69% in Paris.
Rolls-Royce, once once more a beneficiary
Rolls-Royce jumped 8.29% following returning to annual profits in 2023, posting a positive result of 2.4 billion pounds compared to a loss of 1.3 billion a year earlier.
Elsewhere in Europe, the net profit of the German manufacturer Mercedes-Benz (+4.28%) fell by 1.9% over one year, to 14.53 billion euros, which is however better than what was forecast by the consensus of Factset analysts.
On the side of oil and currencies
Oil prices were up slightly, around 08:25 GMT, the price of a barrel of Brent from the North Sea increased by 0.43% to 83.39 dollars and its American equivalent, the barrel of West Texas Intermediate (WTI) increased. by 0.51% to $78.30.
On the foreign exchange market, the euro gained 0.6% once morest the dollar to 1.0884 euros per dollar.
Bitcoin advanced 0.8% to $51,798.
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