- Global equities made a comeback, with tech in the spotlight as Nvidia hinted at more gains ahead of this week's earnings release.
- The tech-heavy Nasdaq 100 Index saw contracts rise 0.5%, and the STOXX 600 Index in Europe was on pace for its highest gain in almost a month. Nvidia increased 1.6% in premarket trading after tech stocks gained more than 8% on Monday.
- Activision Blizzard rose 1.1% as Microsoft's $69 billion acquisition of the company had a second chance to be approved by UK regulators following the tech giant's submission of a substantially different deal. The largest US initial public offering of the year is expected to be filed by SoftBank's Arm semiconductor division.
- The FTSE 100 Index ended its longest losing streak dating back to July 2019. Key mainland market indices recovered from oversold levels as a result of a late spike in Chinese shares, boosting sentiment in Asia.
- After three weeks of losses, stocks are rebounding as investors pay attention to Big Tech and Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Policy Symposium on Friday.
- The yield on 10-Yr inflation-protected Treasuries rose above 2% for the first time since 2009 on Monday, and bonds recovered part of that loss.
