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Reuters
Stocks steady as crude rebounds, Nvidia lifts chip sector
Global shares held their ground on Thursday as strong earnings from chip giant Nvidia prepared the ground for a firmer start on Wall Street. Oil prices recouped ground lost in earlier sessions, while the dollar index rose to is highest in nearly seven weeks, before later easing, as traders stuck to the view the U.S. Federal Reserve will keep raising rates by a quarter of a point at its next three meetings. Better-than-expected revenue at Nvidia after hours sent its shares up 9% on Wall Street, helping to push Nasdaq futures 1% higher on Thursday, along with shares in Taiwan Semiconductor Manufacturing Co, and European peers such as ASM International and BE Semiconductor.