Michael Kramer
Michael Kramer highlights the near-term levels to watch across major stock indices, FX pairs and commodities ahead of Nvidia’s much-anticipated Q2 earnings, with the chipmaker expected to report that its earnings and revenue more than doubled in the second quarter to $0.64 a share and $28.7bn, respectively. Also on the agenda is Friday’s US personal consumption expenditures (PCE) report for July, which is expected to show a 0.2% month-on-month increase in July, up from 0.1% in June, while increasing 2.6% year-on-year, up from 2.5% in June. With the market pricing in rate cuts from the US Federal Reserve between now and December, an uptick in inflation could result in further rate cuts being priced in.
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