Bloomberg Daybreak: Europe Edition Nvidia Underwhelms, 25% EU Tariffs & Central Bankers On Instagram
16 snips
Feb 27, 2025 Nvidia's latest earnings have investors feeling underwhelmed, as the chipmaker struggles to meet high expectations despite the AI boom. Trade tensions rise as President Trump’s tariff proposals on Canada, Mexico, and the EU create uncertainty. Meanwhile, UK PM Keir Starmer seeks to strengthen alliances and support Ukraine in talks with Trump. In a twist, central banks are turning to social media to better connect with Gen Z, aiming to build trust and improve communication about economic policies.
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Nvidia's Mixed Q1 Outlook
- NVIDIA's Q1 sales are projected to be slightly above estimates, around $43 billion.
- However, gross profit margins are expected to be tighter than anticipated, causing concern among investors.
Trump Proposes EU Tariffs
- President Trump proposed 25% tariffs on the EU, claiming it was designed to harm the US.
- While officials later clarified all options are being considered, the EU stated it would react strongly against unjustified trade barriers.
UK Aims to Boost US Trade
- UK Chancellor Rachel Reeves aims to strengthen trade with the US, its largest trading partner.
- In 2024, total trade between the two countries reached £294 billion.