Five out of the last 6 quarters, Nvidia has gained 10% or thereabouts in the day after reporting earnings. Options markets indicate a similar kind of move this time. We could be in for a major market-moving event when it releases its FY 25 Q2 results on Wednesday.

Meanwhile, we are looking ahead to key US inflation numbers that are expected to show the Federal Reserve can cut rates in September, whilst the ECB will pay close attention to Eurozone inflation data which is also out on Friday.

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