Global Markets Upbeat: Nvidia's Performance and U.S. Inflation

Global markets opened on Thursday with strong gains, buoyed by NVIDIA's robust financial performance and concerns over inflation in the United States. The semiconductor giant reported a significant increase in its earnings and revenue for the second quarter, easing worries about demand for advanced technology, particularly artificial intelligence (AI). These positive results have bolstered risk appetite among investors, pushing Nasdaq futures higher. In contrast, the U.S. Personal Consumption Expenditures (PCE) index outperformed expectations, leading to a rise in the dollar and renewed concerns over potential interest rate hikes by the Federal Reserve (Fed). Domestically, data from the Continuous National Household Sample Survey (PNAD Contínua) is due for release today, with forecasts of lower unemployment. Additionally, deflation in Brazil's Broad Consumer Price Index 15 (IPCA-15) has created room for further reductions in the Selic rate by the Monetary Policy Committee (Copom). Geopolitically, while tensions remain, progress in Oman-Iran talks to reopen the Strait of Hormuz is being monitored. This news highlights how international and domestic conditions directly impact financial market performance. Source: Valor Econômico