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MORNING BID AMERICAS-'Flash' business funk and AI buzz

A look at the day ahead in U.S. and global markets from Mike
Dolan
A combination of worrying August business soundings from Europe
and market buzz about chipmaker Nvidia s earnings. ....

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Marketmind: 'Flash' business funk and AI buzz

A combination of worrying August business soundings from Europe and market buzz about chipmaker Nvidia's earnings later on Wednesday set world stocks on course for a third straight daily gain for the first time this month. Euro zone government bond yields and the euro tumbled as traders bet the European Central Bank may soon pause its interest-rate hike campaign, with money markets now pricing less than a 50% chance of further tightening. Ten-year U.S. Treasury yields recoiled to 4.25%, more than 10 basis point off the 16-year high hit early on Tuesday, the 30-year year yield is down more than 12bp from 12-year highs hit this week and even two-year yields slipped back below 5%. ....

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