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Good morning. Stocks are having a sluggish day along with Bitcoin in a lull before Nvidia’s earnings. Burberry is poised to exit the FTSE 100. HSBC is said to consider cutting management layers. Here’s what people are talking about.
Equities in Asia are mostly in the red before Nvidia’s results due later today. With the world’s most-influential stock expected to set the tone for risk assets, investors are keen for any clues on whether artificial-intelligence euphoria has room to run. US and European equity-index futures are largely flat. Investors are gearing up for big swings in Nvidia’s shares after the earnings. Analysts, on average, predict the chipmaker will project revenue growth of more than 70% for the current quarter. Some are estimating an even larger surge.