Nvidia shares dropped 2% as concerns over its China business in the trade war persisted, even with a projected $54 billion in third-quarter sales. Federal Reserve governor Christopher Waller’s speech today is under scrutiny as rate cut expectations rise. French budget woes continue, but markets rally. U.S. GDP revisions and jobless updates are awaited.

Nvidia’s CEO remains optimistic about the AI chip market despite slight revenue misses in the data center segment. The company does not expect any H20 chip shipments to China, impacting revenue projections. U.S. economic events include Q2 GDP revision and corporate profits. The Franco-German Council of Ministers meets in Toulon. Treasury sells $44 billion in 7-year notes.

Read more at Yahoo Finance: China sales doubt blurs Nvidia beat