Investors remain cautious in the face of geopolitical uncertainty and expectations about the results of large companies like Nvidia, which could define the direction of the markets in the short term.
Wall Street futures anticipate falls this Tuesday after a Monday of mixed movements, where technology stocks were the most in demand.
It happens that investors focus their attention on the results of large retailers, such as Walmart and Lowe’s, which will present their quarterly figuresas well as in Nvidia’s reports, which are scheduled to be presented on Wednesday. Furthermore, concerns persist over the geopolitical situation following the recent update of Russian nuclear doctrine, which could increase uncertainty in the markets.
The new document approved by Russian President Vladimir Putin establishes that any aggression by a military coalition against Russia or its allies will be seen as an attack on the entire coalition. It also notes that Russia reserves the right to use nuclear weapons in response to an attack with weapons of mass destruction or conventional weapons that threatens its sovereignty.
Putin.JPG
REUTERS
Vladimir Putin Reuters.JPG
This modification responds to the United States’ decision to allow Ukraine to fire long-range missiles into Russia.. Although some analysts consider this to be more of an intimidation strategy by the Kremlin, the risk of a war escalation could have a negative effect on the markets, which has led investors to adopt a more cautious stance.
Wall Street: what’s coming this week
Meanwhile, the market remains awaiting Nvidia’s reports, whose presentation of results could set a key tone for the evolution of the markets in the short term. The company is expected to post solid growth, driven by strong demand for its Blackwell chips, although expectations are already quite high, making a potential positive surprise difficult. Analysts are also keeping an eye on Nvidia’s outlook on the demand related to Artificial Intelligence (AI), a key factor that could influence the course of the US stock market and, by extension, other global markets.
On the other hand, the news of Super Micro Computer, which experienced an increase of more than 30% in the ‘premarket’ after hiring a new auditor and presenting a compliance plan to avoid its exclusion from Nasdaq, also captured the attention of investors .
Regarding upcoming economic events, relevant data such as weekly unemployment reports are expected, manufacturing and services Purchasing Managers’ Indices (PMIs) on Thursday, and the University of Michigan Consumer Sentiment Index on Friday. These reports could offer more clues about the health of the US economy and its impact on financial markets.
Source: Ambito
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