📉 Markets hold their breath: Nvidia earnings and PCE data hit double-impact tonight

Tonight, global investors’ attention is on two major developments—

🔍 Nvidia (NVDA) earnings: The “AI bellwether” with a market cap of over $5 trillion will report after the close. Market expectations call for revenue year-over-year growth close to double—but what really matters isn’t the numbers themselves, but management guidance: is growth accelerating or slowing? Options pricing suggests the stock could swing by ±5.4%, and in the past four earnings reports, the share price fell on the following day each time. The suspense is high.

📊 U.S. July PCE inflation index: Expected to rise 3.6% year-over-year, the smallest increase in four months. While this may help ease near-term macro pressure, strategists warn that PCE alone can’t fix issues in the Treasury market. A more durable positive trend requires core inflation to cool, oil prices to stabilize, and yields on the long end to fall.

🌍 In other assets: U.S. stock futures trade in a tight range; software shares are weighed down by Intuit. Treasury yields fall across the board, while they seem to “ignore” oil’s three-day decline. Gold and Bitcoin move modestly; European stocks are near their record highs.

⏳ All suspense will be revealed tonight. Are you betting on the AI story to continue, or preparing for volatility? Share your thoughts in the comments below👇

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