European, US Stock Futures Rise on Nvidia Results: Markets Wrap (Bloomberg)

European and US stock futures saw an increase following positive earnings from Nvidia Corp., which spurred optimism in the global artificial intelligence sector. Nvidia's announcement of a second-quarter revenue forecast exceeding expectations, along with a stock split and a significant dividend increase, positively impacted sentiment towards equities.

Asian markets responded variably, with gains in Japan, Taiwan, and South Korea, while stocks in Australia, China, and Hong Kong fell. Tech stocks in China experienced declines amid a price war between major companies. Meanwhile, global tech earnings continue to perform strongly, with significant growth expected in the semiconductor sector.

There are several key economic events scheduled for the remainder of the week that could impact global financial markets:

1. Eurozone S&P Global services and manufacturing PMIs, as well as consumer confidence data, are due on Thursday.
2. A G-7 finance meeting is set to take place between May 23 and May 25.
3. In the United States, new home sales and initial jobless claims data will be released on Thursday.
4. On Friday, US durable goods data and consumer sentiment figures are scheduled for release.
5. Additionally, Federal Reserve officials Raphael Bostic and Christopher Waller are expected to speak on Thursday and Friday, respectively.

These events could potentially influence market sentiment and investment decisions, as they provide insights into the health of various economies and may impact the future direction of monetary policy.