Stocks

European stocks hold more tentative at the open today

• Markets wait with bated breath on the Jackson Hole Symposium

Eurostoxx futures -0.1% in early European trading

• A more tepid mood after Wall Street retreated once again yesterday

Nvidia CEO comments on China shipments, US talks, and TSMC collaboration

OpenAI’s Chief People Officer to step down

• OpenAI confirmed its Chief People Officer is leaving the company.

Nvidia Orders Halt to H20 Production After China Directive Against Purchases

• Article from The Information as the source

USD & yields higher while stocks struggle as decent data marginally trims rate cut bets

• Strong US PMI data and hawkish Fed talk saw stocks and bonds remain pressured, boosted the Dollar, with all eyes to Jackson Hole

NASDAQ index traded above and below its 200 hour moving average

• S&P index traded between its 100-hour moving averages

US stocks set to open lower. NASDAQ targeted to open below its 200 hour moving average

• NASDAQ index remains under pressure

Walmart earnings come up short, shares down in pre-market

• Walmart shares are down 2.3% after the earnings miss

European equities little changed to kick start the day

• PMI data coming up next

Walmart earnings in focus before the opening bell in US today

• All eyes will be on whether Trump's tariffs will more significantly impact the largest US retailer

Eurostoxx futures flat in early European trading

• A more tentative mood as we look to the session ahead

Meta freezes AI hiring after rapid expansion and restructuring according to WSJ

• Meta has paused hiring in its AI division following an aggressive talent spree, restructuring the group into four teams while addressing concerns over rising costs.

Alibaba plans Hong Kong spin-off of Banma Network Technology

• Alibaba is pursuing a separate listing of Banma in Hong Kong while retaining over 30% ownership; details are still being finalized.

Choppy day with Fed minutes and Fed's Cook drama

• US Indices slipped, oil popped, dollar gained with eyes fixed on Powell.