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FTSE 100 slides as 3.7% US PCE inflation overshadows Nvidia revenue beat

AI Market Summary
Risk sentiment weakened as sticky US inflation (PCE at 3.7%) revived concerns about a more restrictive Fed ahead of Jackson Hole, pressuring equities despite strong Nvidia revenue. Nvidia's guidance miss on gross margin amplified the risk-off tone in tech. Meanwhile, falling Brent on hopes of improved Hormuz shipping conditions and peace talks added disinflationary signals, but did not offset rate fears.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.63%
AI Insight · NCSISP5002USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
UK blue-chip stocks fell sharply on Thursday after US inflation data weighed on risk appetite, even as Nvidia reported strong sales. Headline US inflation eased, but the Federal Reserve’s preferred PCE price index remained elevated at 3.7%. The reading fuelled concerns that monetary policy could stay tight for longer, pressuring equities.
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