Equity Index futures show modest gains following Nvidia's earnings report, which exceeded expectations despite a muted market reaction. In Europe, ECB President Christine Lagarde emphasizes a data-dependent stance amid resilient growth. Treasury markets remain steady following a five-year note auction, while front-end yields rise after lower-than-expected jobless claims. Energy markets face downward pressure as WTI crude futures drop due to significant inventory builds and progress in U.S. nuclear negotiations. Geopolitical discussions in Geneva and hawkish commentary from Fed officials regarding persistent inflation are shifting rate cut expectations. The session concludes with a look at upcoming seven-year note auctions, a busy corporate earnings calendar, and key global inflation data.
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