Markets are kicking off the day with mixed momentum as investors react to corporate earnings, geopolitical risks, and currency movements.

NVIDIA Climbs on Strong Earnings
NVIDIA is up 1.1% in pre-market trading following stronger-than-expected earnings. However, the chipmaker signaled a slight dip in gross margins for the upcoming quarter, which may temper enthusiasm. Still, investor sentiment remains positive as the AI boom continues to drive demand for NVIDIA’s products.

European Markets Under Pressure
European stocks are on the back foot, weighed down by renewed trade concerns. Former U.S. President Donald Trump’s threats of tariffs on the European Union have rattled sentiment, adding another layer of uncertainty to an already fragile market. Despite this, U.S. futures are pointing higher, suggesting a divergence in risk appetite between regions.

Dollar Strengthens as Yields Rise
A rise in U.S. Treasury yields has provided support for the U.S. dollar, with USD/JPY edging closer to the key 150 level. Investors are closely watching this threshold, as a breach could trigger intervention concerns from Japanese policymakers.

Commodity Markets Mixed
Crude oil prices are trimming recent losses, finding some stability after a period of weakness. However, metals are under pressure as the stronger dollar weighs on prices. The outlook for commodities remains uncertain as markets navigate shifting macroeconomic conditions.

As the trading day unfolds, all eyes will be on key economic data releases and central bank signals that could shape market direction.