S&P 500 reached another all-time high after modest Wall Street gains as investors awaited Nvidia's earnings. S&P futures rose 0.1% and Dow futures added 0.3%, while oil prices fell. European markets were mixed: Germany's DAX climbed 0.4%, Britain's FTSE 100 slipped 0.2%, and France's CAC 40 jumped 1.1%. In China, Cambricon Technologies surged 15.7% to become the priciest Shanghai stock after strong revenue and profit growth aided by government support; the Shanghai Composite rose 1.1% on heavy institutional buying. Hong Kong's Hang Seng fell 0.8% amid declines for Meituan and JD.com as consumer demand softened. Japan, South Korea and Australia posted modest gains, while India's Sensex reopened lower.
World shares were mixed Thursday after modest gains on Wall Street lifted the S&P 500 to another all-time high ahead of computer chipmaker Nvidia's highly anticipated earnings report.The future for S&P 500 rose 0.1% while that for the Dow Jones Industrial Average added 0.3%. Meanwhile, oil prices declined.In early European trading, Germany's DAX climbed 0.4% to 24,144.65 while Britain's FTSE 100 slipped 0.2% to 9,240.75. In Paris, the CAC 40 jumped 1.1% to 7,825.28.
In China, shares in computer chipmaker Cambricon Technologies soared 15.7% to 1,587.91 yuan ($222), becoming the priciest stock on Shanghai's exchange as it surpassed Kweichou Moutai's stock, which slipped to 1,446 yuan ($202) a share. Cambricon's shares have jumped after it reported its revenue and profit expanded many fold in the first half of the year, helped by the Chinese government's support for domestic semiconductor makers.
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