Global equities rallied after Nvidia delivered earnings that topped market expectations, easing fears that the AI trade was losing momentum. The upbeat report helped push European stocks 1% higher, while Japan surged 2%. Chinese equities were little changed, and U.S. futures pointed to gains of more than 1%.
In China, policymakers are weighing fresh stimulus measures aimed at stabilizing the struggling property sector, Bloomberg reported. The prospect of new support ignited a 3% jump in homebuilder shares and boosted metals producers.
In Japan, yields on 30-year government bonds climbed to record highs, stirring concern among investors about the sustainability of the country’s funding costs as the Bank of Japan continues its gradual policy shift.
Separately, the Financial Times reported that the U.S. and Russia are sketching out a potential peace framework for Ukraine without the involvement of Kyiv or European governments — a development that could have major geopolitical implications if confirmed.
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