European Stocks Slip As Markets Brace For Nvidia Earnings And U.S. Jobs Data

Benzinga

European stocks fell as investors awaited Nvidia’s earnings and key U.S. jobs data following a global tech selloff. Rate-cut expectations dropped below 50%, while bond yields swung and Bitcoin slid to about $95,000 after its worst week since March.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02European stocks slipped 0.4% on Monday as investors awaited NVIDIA's earnings

00:07and a delayed U.S. jobs report that could influence rate-cut expectations, according to Reuters.

00:13Europe's benchmark index fell 0.4% after a global tech-led sell-off

00:18and fading expectations of Federal Reserve rate cuts.

00:21Rate-cut expectations for December dropped below 50% after cautious comments on inflation,

00:26adding pressure to stocks, particularly tech shares.

00:29Germany's 10-year yield dipped to 2.7%, while U.S. 10-year yields held at over 4.1%.

00:36Investors are focused on NVIDIA's upcoming earnings as the chipmaker,

00:40whose value has surged about 1,000% since late 2022 and recently topped $5 trillion.

00:46The dollar strengthened. Gold eased to $4,078 an ounce after a sharp rise this year.

00:52Brent edged up to $64.40,

00:54and Bitcoin traded at $95,390 after its largest weekly decline since March.

01:00For all things money, visit Benzinga.com.

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