Global Markets Slide as Nvidia Disappoints, Investors Eye Jobless Claims

Global markets experienced a downturn as Nvidia's earnings failed to meet the high expectations of bullish investors. The focus now shifts to U.S. jobless claims and inflation readings from Europe, as market participants seek clues on future rate cuts. Meanwhile, debt and currency markets remained steady.

Global markets took a hit on Thursday following Nvidia's underwhelming earnings report, disappointing bullish investors. The tech giant's shares fell 7.6% in after-hours trading, leading to a broader market decline in Asia.

Investors are now closely watching U.S. weekly jobless claims and inflation numbers from Germany and Spain for signs of potential rate cuts. This comes amid the Federal Reserve's heightened focus on the labor market's health.

Debt and currency markets remained relatively stable in the Asia session, with the dollar holding above one-year lows as expectations for Fed rate cuts persisted. Meanwhile, oil prices edged higher after two days of declines amid mixed demand signals from China and the U.S.

(With inputs from agencies.)