top of page
Search

🎭 Will Nvidia steal the show?



Good morning, here's the latest Global Financial Markets update from Steve Halls at NexxtGen Markets here in the City of London...


After a brief pullback last week, equities surged back into the green on Tuesday. Major indices rallied as confidence returned to the consumer and investors awaited earnings from some of the biggest names in tech and retail.


Let’s break it down.


💹 Consumer confidence bounces back


The US consumer appears to be rediscovering its optimism. The latest data from May showed that consumer confidence jumped to 98.0—its first uptick in five months. While still below the threshold that signals robust economic expansion, the figure reflects a renewed sense of resilience.


What’s driving this shift? A temporary pause on select China tariffs seems to have supported sentiment around job stability and income growth. This optimism could prove key in sustaining consumer spending as we head into the summer months.


📈 Markets rebound on tariff delay


All three major US indices rose sharply on Tuesday:



This rally snapped a four-day losing streak and came on the back of news that former President Trump is delaying his proposed 50% tariff on EU goods until 9 July.

Meanwhile, bond markets reacted positively, with yields easing:


  • 20-year: 4.96%

  • 30-year: 4.95%

  • 2-year: below 4%


The yield curve’s flattening suggests some relief over inflation expectations, although attention now turns to the Federal Reserve for further policy clues.


💥 Nvidia earnings on deck


Today’s headline act is undoubtedly Nvidia, with its quarterly earnings due after the US close. Options markets are pricing in a potential 7% move in either direction—highlighting just how much is at stake.


Nvidia’s stock is already up 20% this month, fuelled by unrelenting hype around artificial intelligence (AI). A strong print could see shares surge to a new four-month high, while any disappointment could see them fall back to levels last seen before the US-China tariff relief.


With expectations sky-high, Nvidia will need to deliver more than just solid numbers—it must affirm its dominance in the AI space and show scalability amidst surging demand.


📊 Market movers


🔺 Gainers:



🔻 Losers:



🧠 Fed minutes in focus


The FOMC meeting minutes are due out later today. Investors will be scrutinising every word for signs of what the Fed is really prioritising: controlling inflation or maintaining employment stability.


With tariff pressures temporarily eased and recession fears receding, there’s room for the Fed to adopt a more hawkish tone. Should the minutes suggest that interest rate hikes are still on the table, markets could shift swiftly.


🚨 Movers & shakers to watch


  • Trump Media & Technology Group (DJT): -10.4% to $23.05. Despite plans to raise $2.5 billion to build a major Bitcoin treasury, the stock is now 57% below October highs.

  • Okta Inc (OKTA): +1.4% to $126. After posting strong earnings, the company warned of cautious customer spending. Shares dropped 12% after hours despite a 20% monthly rise.

  • iShares MSCI Canada ETF (EWC): +0.8% to $44.73. Now up 11% YTD, this ETF continues to benefit from Canada's economic stability and commodity exposure.

  • Vail Resorts (MTN): +2.6% to $152. Rob Katz’s return as CEO sparked a 10% after-hours jump. Investors are hoping his leadership will restore growth momentum.


🗓️ Earnings calendar: who’s reporting today?


  • Revenue forecast: $9.75B

  • EPS forecast: $2.55

  • Focus: Performance of AI-powered tools and enterprise software demand.

🖨️ HP Inc. (HPQ)

  • Revenue forecast: $13.18B

  • EPS forecast: $0.81

  • Focus: Health of PC and printer segments amid ongoing supply chain disruption.

🧠 C3.ai (AI)

  • Revenue forecast: $107.8M

  • EPS forecast: -$0.20

  • Focus: Enterprise AI adoption and top-line growth potential.

🛍️ Macy’s (M)

  • Revenue forecast: $4.45B

  • EPS forecast: $0.15

  • Focus: Consumer spending trends in the department store sector.

  • Revenue forecast: $1.07B

  • EPS forecast: $1.42

  • Focus: Brand strength and resilience in the retail fashion space.


🧠 Meta's AGM & Salesforce's $8B AI play


Don’t overlook Meta, whose shareholder meeting happens today. Shares have surged 17% in May, driven by confidence in its advertising dominance and strategic investment in AI and the metaverse.


Meanwhile, Salesforce is making waves with an $8 billion acquisition of Informatica. This aggressive move is designed to reinforce its leadership in agentic AI—where systems mimic human judgment. The acquisition will help unify data silos and strengthen its flagship Agentforce platform. Despite concerns over deal size, many analysts see the move as a bold step towards a data-centric future.


👀 What to watch


  • Nvidia earnings (post-market today)

  • FOMC minutes release (18:00 GMT)

  • Durable goods orders and US consumer confidence trends

  • German unemployment (07:55 GMT)

  • Momentum in AI, crypto, and retail sectors

  • Salesforce’s $8B Informatica deal impact


📈 Trade Smarter with NexxtGen Markets


Whether you're just starting or levelling up your trading, NexxtGen Markets is here to help you navigate your path. From stocks and ETFs to crypto and commodities, eToro offers one of the most flexible and intuitive platforms for everyday investors.


If you’re ready to start your trading journey or refine your skills, NexxtGen Markets is here to help. Join Steve and the community to access high-quality insights, proven strategies, and ongoing mentorship that can make a difference in your trading success. https://bit.ly/nexxtgenmarkets


⚠️ Risk Warning


Trading and investing carry risks. You should seek professional advice before engaging in such activities. Leverage can amplify both gains and losses. Past performance is not indicative of future results. Full risk disclosure: http://nexxtgen.pro/risk


🧾 NexxtGen Markets partner with eToro and may receive a small commission for anyone joining eToro via our website or socials.


*All prices / quotes correct at the time of writing.















---

bottom of page