Europe Rebounds, Eyes on Nvidia
European markets opened higher on Wednesday ahead of Nvidia's quarterly earnings release—the AI-focused stock that has become a benchmark for the global technology sector and the largest in the S&P 500. The company will report after Wall Street closes. In Paris, the CAC 40 rose 0.4% after falling 1.6% the previous day, although markets remain wary of political risks: the opposition refused to support Prime Minister François Bayrou in next month's confidence vote on the 2026 budget.
Regionally, the Stoxx 600 has fallen for two consecutive sessions, but is still up ~1.5% this month—its best performance since the global rally in May. US futures edged higher as investors reassessed the impact of President Donald Trump's unprecedented move to fire Fed Chair Lisa Cook, an issue that has sparked discussions about the central bank's independence but has not yet altered risk appetite today.
In Asia, markets were mixed. Data showed Chinese industrial profits fell 1.5% year-on-year in July—a recovery from the sharp declines of previous months. In India, the stock exchange is closed for a holiday, while the 50% US tariffs on a number of products from that country have come into effect, becoming a new variable being monitored by global market players. (ayu)
Source: Newsmaker.id
