US Stock Futures Rise After Tech Sell-Off

Key Points:

* Nasdaq 100 futures up 0.4% after Monday's 3% decline
* S&P 500 futures also advance, with Nvidia Corp. gaining 3%
* European stocks climb amid positive earnings
* Dollar strengthens, copper falls following Trump's tariff comments
* Earnings season to test investor sentiment, with Microsoft and Apple reports expected

Market Summary:

* US stock futures rebound after Monday's tech-led selloff.
* Risk appetite returns, with beaten-down tech stocks such as Nvidia and chipmakers showing strength.
* European markets follow suit, helped by upbeat earnings.
* The dollar appreciates against major currencies.
* Commodities mixed, with oil up slightly while copper retreats.

Traders' Perspective:

* Some analysts see the dip as a buying opportunity in equities.
* Earnings announcements from tech giants will be closely watched for signs of a broader tech slowdown.
* Selective trading in tech stocks is recommended, according to analysts.

Corporate News:

* Pacific Investment Management Co. reportedly interested in X debt tied to Elon Musk's acquisition.
* LVMH sells its stake in Stella McCartney back to the founder.
* HSBC to exit non-core equity capital markets and advisory services outside of Asia and the Middle East.
* SAP SE hits record high on strong cloud sales.
* Siemens Energy raises cashflow outlook after exceeding analyst expectations.

Economic Data:

* Key events for the week include US consumer confidence, durable goods, Fed rate decision, and GDP data.
* Eurozone ECB rate decision and GDP figures also expected.

Currencies:

* Dollar index rises 0.4%.
* Euro and British pound weaken against the dollar.

Cryptocurrencies:

* Bitcoin and Ether advance slightly.

Bonds:

* Treasury yields inch higher, with the 10-year yield up three basis points.
* German and British 10-year yields also rise.

Commodities:

* Oil edges higher, while gold gains modestly.
* Copper declines following Trump's tariff remarks.