Overview

• Nasdaq and S&P 500 futures trade mixed near all-time highs after Nvidia secured U.S. assurances that H20 AI chip export licenses to China will be granted soon
• Major Wall Street banks kick off second-quarter earnings this week, led by JPMorgan Chase, Wells Fargo and Citigroup, with Bank of America, Goldman Sachs and Morgan Stanley reporting next
• Economists forecast June’s consumer price index will show a 0.3% monthly increase and a 2.7% year-over-year gain, offering fresh insight into tariff-driven inflation pressures
• CME FedWatch data indicate that markets have largely discounted a July rate cut and assign roughly a 60% probability to an easing move in September
• President Trump’s renewed threats of 30% tariffs on European Union and Mexican imports starting Aug. 1 have had limited market impact as investors focus on earnings and policy signals