Overview

• U.S. futures held near flat as investors sifted mixed results from JPMorgan Chase, Wells Fargo and Citigroup and awaited reports from Bank of America, Goldman Sachs and Morgan Stanley
• June consumer prices rose 0.3% month-on-month and 2.7% year-on-year in line with forecasts, suggesting early tariff-driven price pressures
• Nvidia shares jumped on news that U.S. licenses for its H20 AI chip exports to China are expected soon, lifting tech futures toward record highs
• European and Asia-Pacific markets posted modest gains while Indian benchmarks traded in a narrow range despite retail inflation falling to a six-year low of 2.1%
• President Trump’s threats of higher tariffs on the EU, Mexico and other trading partners continued to feed uncertainty ahead of potential Federal Reserve policy moves