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Overseas Trading: Wall Street Sets Pace for Global Rally

Global stocks are moving higher as traders respond to an influx of central bank news

Nov 19, 2015 at 8:28 AM
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Stocks in Asia finished higher across the board today, bolstered by Wall Street's strong Wednesday finish. Baidu shares outperformed in Shanghai after announcing a new partnership with China Citic Bank, while commodities giant Glencore was among the top gainers in Hong Kong. Meanwhile, a backpedaling yen helped Tokyo-listed stocks end higher, after the Bank of Japan opted to stand pat on monetary policy. By the close, China's Shanghai Composite and Hong Kong's Hang Seng gained about 1.4% each, South Korea's Kospi rose 1.3%, and Japan's Nikkei tacked on 1.1%.

European stocks are also on the upswing at midday, even as the prospect of an imminent U.S. rate hike applies some pressure to homebuilders. Traders are cheering news that the People's Bank of China (PBOC) lowered interest rates on its Standing Lending Facility, while looking ahead to the afternoon release of the European Central Bank's (ECB) meeting minutes. At last check, the German DAX has advanced 1.4%, London's FTSE 100 is 1.2% higher, and France's CAC 40 has climbed 0.7%.

Overseas markets 1119

 

AI has exploded ever since ChatGPT set the world on fire near the end of 2022.

Numerous companies with connections to artificial intelligence have seen their stocks soar.

That includes Nvidia, the poster boy of AI.

Its stock has skyrocketed 716% since ChatGPT’s debut. But here’s the thing …

While everyone’s still counting their money from this first AI boom … Nvidia and countless others have moved on to the next stage.

That includes Big Tech, which is currently making a series of peculiar investments in a few strange companies. This has nothing to do with tech. At least on the surface …

Yet, these strange investments could be the early ripples of a massive wave …Without them, ChatGPT could stop operating … Amazon, Google, Microsoft and more could see profits drop drastically.

In fact, Elon Musk says these investments are critical when it comes to solving the number one problem facing AI.

Now, Silicon Valley legend Michael Robinson has identified two companies that could play a significant role in the solution.

Their stocks just may be the key to AI 2.0.

Find out more about these two companies today.
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