CNBC Daily Open: U.S. consumer sentiment stays stable amid inflation worries

2024-03-19 08:26:00+00:00 - Scroll down for original article

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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . Nikkei ends higher Japan's Nikkei 225 closed above 40,000 on Tuesday after the country's central bank raised interest rates for the first time since 2007. The broader Topix also rose. Hong Kong's Hang Seng and mainland China's CSI 300 fell. Overnight, U.S. stocks ended higher with the Federal Reserve's policy meeting in focus. The S&P snapped a three-day losing streak to gain 0.63%, while the Dow rose 0.2%. The tech-heavy Nasdaq added 0.82%. BOJ hikes rates in historic move The Bank of Japan ended the world's only negative interest rate policy, hiking rates for the first time in 17 years at its March meeting. It also abandoned the yield curve control for 10-year Japanese government bonds and will no longer purchase exchange traded funds and Japanese real-estate investment trusts. Nvidia's new AI chips Nvidia CEO Jensen Huang revealed a new generation of AI chips at the company's developer's conference in San Jose, where the chipmaker showcased its latest inroads in the technology. The new AI graphics processors called Blackwell are expected to ship later this year. The announcement comes as the chip giant aims to cement its dominance in the AI market. Aramco on energy transition Saudi Aramco CEO Amin Nasser said the current energy transition strategy is failing and the world should give up on the idea of phasing out oil and gas. "Instead invest in them adequately reflecting realistic demand assumptions," he suggested, as fossil fuel demand is forecast to continue rising in the years ahead. [PRO] Bullish on Palantir Brian Stutland of Equity Armor Investments calls Palantir a "promising AI investment" and a "serious player" in the space. "They're doing more than just their cybersecurity for the government. They are really starting to become very creative in the AI world," he said of the company, known for its government contract work in defense and intelligence.