Episode Details

US equity futures are firmer, while Asian markets are mixed and European equities are mostly weaker. AI remains a key focus following Nvidia’s earnings, with its strong revenue growth outlook reinforcing expectations for continued AI spending and supporting semiconductor and memory stocks. Nvidia also pushed back against concerns around circular financing. Elsewhere, lower energy prices are providing some support as Iran and Oman work toward finalizing an agreement over the Strait of Hormuz. In Europe, German consumer confidence beat expectations but remained deeply negative, while expectations for an ECB rate hike in September remain supported by recent policymaker comments.

Companies Mentioned: Nvidia, Shein, Alibaba, Z.AI , MiniMax