A look at the day ahead in European and global markets from

Ankur Banerjee

The prospect of slowing sales growth at AI juggernaut Nvidia ( NVDA )

and simmering worries over geopolitical tensions are keeping

investors on edge but bitcoin keeps marching upward, undeterred,

towards $100,000 on bets that Trump 2.0 will be crypto-friendly.

Futures indicate that European stock markets are set for a

subdued open as investors digest Nvidia's ( NVDA ) projection of

its slowest revenue growth in seven quarters. For investors

used to the AI darling blowing past all estimates, the numbers

proved disappointing.

The forecast will likely weigh on suppliers and the broader

markets given Nvidia's ( NVDA ) place at the centre of all things AI,

which has driven most of the market gains in recent months.

With few economic readings due during the European session,

the region's tech stocks, which had already fallen to

three-and-a-half-month lows this week, will likely weigh down

the markets on Thursday.

Indian conglomerate Adani Group was in the spotlight after

its chairman Gautam Adani was indicted in New York over his

suspected role in a $265 million bribery scheme, according to

U.S. prosecutors.

The fallout for the Adani empire, which was rocked by a

short-seller attack in February 2023, was immediate, with shares

in the conglomerate's listed companies tumbling between 10% and

20%. Its dollar bonds also fell.

In the currency markets, the dollar remained on the front

foot, with the dollar index hovering close to a one-year

high touched last week.

The dollar has been on the rise since Donald Trump's

decisive victory early this month as investors expect his

proposed tariffs will likely be inflationary, keeping U.S. rates

higher for longer.

The talk of the town though remains bitcoin, which

is up about 40% in the two weeks since the election as investors

expect the Trump administration to set friendlier regulations

for the crypto sector.

The biggest cryptocurrency touched a record high of $97,798

in Asian hours, with $100,000 not far off.

Key developments that could influence markets on Thursday:

Economic events: France business climate for November;

euro zone consumer confidence flash for Nov