Morning Bid Europe: Jensen to market: We're so back

Royal Bank of Canada

27/08/2026 06:30

    Aug 27 (Reuters) - A look at the day ahead in European and
global markets from Gregor Stuart Hunter
It's Nvidia's world now, we just live in it. In case there were
any doubt, the chip designer  NVDA.O  forecast a 70% jump in
revenue next fiscal year, a rare disclosure from the world's
biggest company of sales so far ahead and a show of confidence
from CEO Jensen Huang that demand for its AI chips will remain
unabated as far as early 2028.
     
The stock was up almost 5% in after-hours trading, showing
little sign of slowing down after a report in The Information
that Nvidia has agreed to pay $12.9 billion to buy AI platform
Hugging Face.
That's the same open-source platform that was hacked into last
month by OpenAI, which created a swarm of approximately 700 AI
agents which tried to cover their tracks, according to an
independent investigation into the breach.
More details are trickling out about the behaviour of OpenAI's
rogue agents, including the company's disclosure that some of
the bots it spun up later broke into its own networks during
tests gone wrong.
However unsettling for humanity that may be, all of that has
been great news for Asian chipmakers in Nvidia's supply chain.
MSCI's broadest index of Asia-Pacific shares outside Japan
 .MISX00000PUS  was up 0.5%, led by a 1.8% rise in the KOSPI
 .KS11 , which shrugged off a 25-basis-point rate hike from the
Bank of Korea. S&P 500 e-mini futures  EScv1  climbed 0.5%.
In oil markets, Brent crude  LCOc1  was down 0.5% at $87.40 and
is on track to fall for a fourth consecutive day as Qatar's
prime minister heads to Tehran in an effort to relaunch peace
talks between the U.S. and Iran.
    Gold  XAU=  rallied 0.7% to $4,624.14 after a pullback on
Wednesday, while in cryptocurrency markets, bitcoin  BTC=  was
up 0.5% at $78,822.84 while ether  ETH=  climbed 0.8% to
$2,492.30.
    All three are benefiting from the revival of so-called
"dollar debasement trades" after the U.S. Treasury department
intervened in bond markets last week, this month up 14%, 25% and
34% respectively.
    In early European trades, pan-region futures  STXEc1  were
up 0.4%, German DAX futures  FDXc1  edged 0.1% higher, and FTSE
futures  FFIc1  were down 0.4%.
    Key developments that could influence markets on Thursday:
    Earnings announcements:
    Marvell Technology  MRVL.O , Royal Bank of Canada  RY.TO ,
Pernod Ricard  PERP.PA 
    Economic events:
    Germany GfK/NIM Consumer Sentiment for September
    France: Producer prices and unemployment data for July
Euro Zone: Money-M3 Annual Growth for July

(Reporting by Gregor Stuart Hunter; Editing by Saad Sayeed)
((gregor.hunter@thomsonreuters.com))