Episode Details

US equity futures are slightly softer, while Asian equity markets are mostly lower and European equities are modestly weaker. Attention remains on the fallout from Nvidia CEO Jensen Huang’s departure, with pressure concentrated in Nvidia and Nvidia-backed neoclouds and renewed focus on potential tighter US chip export controls to China. Bond yields are also moving higher as markets continue to digest hotter-than-expected US inflation and hawkish Fed commentary, with a December rate hike now almost fully priced and expectations for further tightening in 2027 increasing. Meanwhile, optimism over a US-Iran diplomatic agreement has weakened after Trump said the US could pursue greater economic pressure rather than a deal, providing some support to oil prices.

Companies mentioned: Modine Manufacturing, Samsung Electronics