- Nasdaq futures rose as Nvidia's strong outlook added to the artificial intelligence hype that has boosted tech stocks this year.
- Nvidia rose 7.9% in premarket trading after the chipmaker delivered a third straight sales forecast that exceeded analysts' expectations, while Apple and Microsoft also rose. Contracts on the tech-heavy Nasdaq 100 rose 1.2%, while those on the S&P 500 also indicated that stocks would rise further.
- Semiconductor companies climbed in Europe, while technology companies outperformed in Asia.
- Nvidia's results, along with the AI stock frenzy, are capping off a week of broad equity-market gains and renewed risk-taking by investors. While rising bond yields dominated the conversation last week, the focus has quickly shifted back to mega-cap tech and whether its earnings can power a stock market that has been stuck in neutral for the past month.
- The Turkish lira strengthened, as the central bank raised the Weekly Repo Rate by 750 BPS to 25% vs the estimate for a 250 BPS hike to 20% expected.
- Woodside LNG union members to vote Thursday night on agreement.
- European gas slumped 18% as risk of Australia strikes recede.
