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EQUITIES: Equities Mixed, As Geopol Tensions Rise, Nvidia's Earnings Tomorrow

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Asian equities are mixed today as investors await Nvidia's earnings for fresh direction, with the chipmaker's outlook expected to influence global sentiment. Japanese stocks fluctuated amid concerns over the Russia-Ukraine war and its potential impact on energy prices, while South Korea's KOSPI edged higher, led by gains in tech and financial shares. In China, the CSI300 is trading 0.25% lower, while the HSI trades 0.15% lower. Australia's ASX200 retreated from record highs, weighed down by geopolitical jitters, with tech stocks leading losses.

  • In what has been a very quiet data week, drivers of price have been macro based, overnight we saw Russia/Ukraine tensions picked-up with Biden approving Ukraine's use of US missiles on Russia, while he also approved used of anti-personal landmines earlier today, this caused equities to sell-off, however the move was quickly reversed.

  • Nvidia is set to report Q3 results on Nov 21 with consensus revenue at $33.25b, driven by strong AI hardware demand, though manufacturing delays for its new Blackwell chips add uncertainty. The market expected Nvidia to exceed estimates by up to $2b in Q3 and potentially guide $4b higher for Q4, with FY2025 revenue projected at $126.58b.

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Asian equities are mixed today as investors await Nvidia's earnings for fresh direction, with the chipmaker's outlook expected to influence global sentiment. Japanese stocks fluctuated amid concerns over the Russia-Ukraine war and its potential impact on energy prices, while South Korea's KOSPI edged higher, led by gains in tech and financial shares. In China, the CSI300 is trading 0.25% lower, while the HSI trades 0.15% lower. Australia's ASX200 retreated from record highs, weighed down by geopolitical jitters, with tech stocks leading losses.

  • In what has been a very quiet data week, drivers of price have been macro based, overnight we saw Russia/Ukraine tensions picked-up with Biden approving Ukraine's use of US missiles on Russia, while he also approved used of anti-personal landmines earlier today, this caused equities to sell-off, however the move was quickly reversed.

  • Nvidia is set to report Q3 results on Nov 21 with consensus revenue at $33.25b, driven by strong AI hardware demand, though manufacturing delays for its new Blackwell chips add uncertainty. The market expected Nvidia to exceed estimates by up to $2b in Q3 and potentially guide $4b higher for Q4, with FY2025 revenue projected at $126.58b.