MMR

Overseas Trading: Asia Mixed After U.S. Jobs Data; Europe Gains on Dovish Draghi

Stocks in Asia ended mixed, while Europe is on the upswing at midday following dovish comments from ECB President Mario Draghi

Dec 7, 2015 at 8:22 AM
facebook X logo linkedin


It was a mixed finish in Asia today, with traders not totally convinced by Wall Street's big bullish move on Friday. A cooling yen helped Japan's Nikkei to a gain of roughly 1%, while China's Shanghai Composite ended a back-and-forth session 0.3% higher. Elsewhere, backpedaling crude prices sent Hong Kong's Hang Seng to a 0.2% loss, and South Korea's Kospi finished 0.5% lower.

European markets are trading higher, despite weakness in energy names. Speaking at an Economic Club of New York event late Friday, European Central Bank (ECB) President Mario Draghi said "there is no particular limit" to the steps policymakers may take to help get the eurozone's economy back on course. At last check, the German DAX has rallied 2.2%, the French CAC 40 is up 1.8%, and London's FTSE 100 is 0.5% higher.


Overseas markets 1207

 

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.
 (ad)