Stock markets gain, dollar higher before Nvidia earnings [Video]

Major European and Asian stock markets mostly gained and the dollar firmed against main rivals Wednesday following a positive lead from Wall Street, as all eyes turned to upcoming results from artificial-intelligence giant Nvidia.

London was up 0.2 percent in late morning deals as a 20-percent surge in the share price of accounting-software group Sage following strong earnings and outlook helped offset news of a fresh jump to UK inflation.

Traders were keenly awaiting Wednesday’s release of earnings from US chip behemoth Nvidia, which many see as a bellwether of the tech sector and artificial-intelligence demand that have helped power Wall Street to multiple record-highs this year.

They were assessing also the prospect of an escalation in the Russia-Ukraine war, Donald Trump’s second presidency and the outlook for US interest rates.

“One of the most highly anticipated days of the earnings season, if not the most, the Nvidia earnings day, …