A look at the day ahead in European and global markets
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By Gregor Stuart Hunter, Asia Finance & Markets Breaking News Correspondent
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Nvidia CEO Jensen Huang says the company has enough supply for "very, very robust growth" linked to the AI boom. But it still needs more.
Speaking at a conference in Taipei on Tuesday, he told an audience of chipmakers and computer hardware manufacturers that supply constraints remained a concern, a day after the $5 trillion chip company unveiled a new chip that will compete with Advanced Micro Devices and Intel. Nvidia is often considered a barometer for the AI market's health as its chips are used in data centres all over the world.
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Nvidia's CEO Jensen Huang meets press on the sideline of Taiwan's annual tech show Computex in Taipei, Taiwan June 2, 2026. REUTERS/Ann Wang
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On another day, Huang's comments might have been good news for the Asian chipmakers that supply the company, but markets remained skittish in Asia as anxieties over whether the U.S.-Iran ceasefire would remain intact weighed on equities. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1% and S&P 500 e-mini futures slid 0.4%.
Oil markets cooled, with Brent crude off 0.7% at $94.30 and retracing some gains after Iran threatened to break off talks with the United States. Lebanon announced a partial ceasefire between Hezbollah and Israel earlier this week, potentially de-escalating the conflict, but the Israeli military said it intercepted two projectiles fired from Lebanon on Tuesday.
Korean shares were especially choppy, falling as much as 3.3% after initially gaining 1.7% to set a new intraday record high, while shares in Hong Kong and China steadied the wider regional benchmark.
In early European trades, pan-region futures were up 0.4%, German DAX futures gained 0.3%, and FTSE futures nudged 0.1% higher.
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Graphics are produced by Reuters
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Meanwhile, a U.S. jury found prominent investor Andrew Left guilty of securities fraud on Monday, the Justice Department said, in a blow to a divisive cohort of short sellers who have for years goaded public companies in the U.S. and overseas with allegations of fraud and mismanagement.
Left will be sentenced on August 31.
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Key developments that could influence markets on Tuesday: |
- Earnings: Palo Alto Networks, Dollar General
- France: Budget Balance for April
- UK: BOE Consumer Credit, Mortgage Lending, Money Supply for April
- France: 3-month, 7-month and 1-year government debt
- Germany: 4-month, 10-month and 2-year government debt
- UK: 11-year government debt
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Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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