Global markets are in focus today as European bourses extend their gains, hovering near recent highs. Meanwhile, US futures are also showing strength, with the Nasdaq (NQ) leading the way ahead of key earnings from NVIDIA.

Currency and Bond Markets

The US Dollar Index (DXY) is attempting to recover from recent losses, while EUR/USD remains around the 1.05 level. In the bond markets, US Treasuries are off their lows but still in the red, whereas European government bonds (EGBs) are inching higher.

Commodities Snapshot

Commodities are seeing mixed action:

• Crude oil remains choppy.
• Natural gas is subdued.
• Metals hold a positive bias as the market digests ongoing investigations into potential tariffs on copper under the Trump administration.

Key Events to Watch

A packed economic and corporate calendar lies ahead, including:

• US New Home Sales Data
• Speeches from Central Bank Leaders:
  • ECB President Christine Lagarde
  • BoE’s Swati Dhingra
  • Fed’s Thomas Barkin & Raphael Bostic
  • French President Emmanuel Macron
• US Treasury Supply
• Major Earnings Reports:
  • NVIDIA
  • Snowflake
  • Salesforce
  • Lowe’s
  • NRG Energy
  • Advance Auto Parts

With NVIDIA’s earnings report expected to be a major market mover, investors are closely monitoring how the tech sector performs. Stay tuned for further updates as the day unfolds.