S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
US equity futures were mixed as strong results by Nvidia supported the tech sector, offsetting losses in the broader sectors of exchanges. Contracts for the S&P 500 and Nasdaq 100 were 0.5% higher, while those for the Dow inched lower. Nvidia surged 6% premarket after soaring demand for AI compute drove the world’s largest company to forecast a 70% surge in revenue next fiscal year, challenging the persistent skepticism that capital expenditure on AI infrastructure was bound to slow. The outlook supported other companies with exposure to AI infrastructure, with Micron, Marvell, Sandisk, Palo Alto, and GE Vernova adding between 6% and 3%. On the other hand, broader sectors were lower amid persistent concerns of an unfavorable macroeconomic backdrop. Long-term bond yields remained near their peaks amid widening federal deficits, soaring AI debt issuance, renewed tariffs with Canada and major trading partners, and risks of high energy inflation. Apple, Merck, and Visa fell over 1%.
