Global Markets Focus on Nvidia Earnings and US Tariff Ruling

Impact of Tariff Ruling and Geopolitical Tensions Global markets began the new week under the shadow of the US Supreme Court's decision to rule certain customs tariffs unlawful and rising tensions between the US and Iran.
Disagreements between the Trump administration and the judiciary have increased uncertainty regarding trade policies, putting pressure on US assets.
Nvidia Expectations in the Tech Sector Artificial intelligence-oriented growth strategies continue to support risk appetite in the markets.
Strategic collaborations between Meta, Oracle, and Nvidia keep interest in technology stocks alive.
Market participants expect Nvidia's financial results, to be announced on Wednesday, to play a decisive role in the future of the sector.
Macroeconomic Data and Fed Interest Rate Policy Despite US growth data falling below expectations, the core Personal Consumption Expenditures (PCE) price index—closely monitored by the Fed—exceeded forecasts with a 3 percent annual increase.
This data set has weakened the probability of the Fed cutting interest rates in June, while expectations for July have come to the fore in the markets.
In the commodities market, spot gold was trading at levels of 5,160 dollars, while the price of a barrel of Brent oil fell to 70.4 dollars ahead of US-Iran talks.
The decline in producer prices in Germany and the recovery in PMI data support optimism regarding the regional economy.
Investors are closely following the upcoming statements from European Central Bank (ECB) President Christine Lagarde and signals regarding economic activity in the region.