Daily Fundamental Analysis: Global Markets Trade Mixed, Investors Await Nvidia Earnings

U.S. stock futures held steady Tuesday night ahead of Nvidia earnings, following the Dow’s rebound from a four-day decline. Dow futures, S&P 500 futures, and Nasdaq 100 futures all moved less than 0.1%.

The indices gains so far this week followed Trump’s decision to delay EU tariffs until July 9, improving market sentiment.

The Federal Reserve May meeting minutes will also be released, offering insights into monetary policy amid economic uncertainty.

Asian markets were mixed Wednesday following Wall Street gains after Trump delayed EU tariffs to July 9. Japan’s Nikkei 225 gained 0.31%, Topix rose 0.42%, and South Korea’s Kospi increased 1.78%.

Australia’s S&P/ASX 200 fell 0.13%, with April inflation at 2.4%.

Hong Kong’s Hang Seng dropped 0.55%, China’s CSI 300 was flat, and India’s Nifty 50 declined 0.17%.

New Zealand’s central bank cut rates to 3.25%.

Australian consumer inflation remained steady at 2.4% in April year-over-year, with higher health and holiday costs balancing out lower petrol prices. Core inflation measures increased slightly to 2.8%, still within the central bank’s 2-3% target range.

Market reaction was subdued as the monthly report covers only partial data. The AUDUSD pair held at 0.6440

The labor market remains strong with 4.1% unemployment, though modest wage growth reduces inflation risks.

Oil pries continue to fluctuate in the global markets as uncertainty about the future of tariffs mounts. West Texas Intermediate trades around the $60 level. And in early trading today, gold recovered from yesterday’s losses. The precious metal is currently trading at $3,300 level.