Anticipation for Nvidia’s earnings report helped Wall Street futures recover after the tech-driven selloff. U.S. tech remained weak with S&P500 and Nasdaq in the red, while small-cap Russell 2000 eked out gains. Home Depot shares dropped 6%. Other key events this week include Walmart results and September payrolls.

VIX volatility remained high, with crypto markets uneasy. U.S. macro markets saw a bid in Treasuries. The Fed’s last meeting minutes may provide clarity on rate cuts. Jobless claims data showed an increase in unemployment. Claims for new jobless claims remained stable, contrary to speculation.

Overseas bond markets were restless, with Japan’s yen and JGB prices falling. Yields on JGBs soared to record highs. British inflation slowed, potentially leading to a rate cut by the Bank of England. Canada’s dollar slipped after Parliament narrowly approved the Prime Minister’s budget.

Nvidia’s earnings could cause a $320 billion swing in market value, influencing the AI sector. China banned Japanese seafood imports in a diplomatic dispute. British inflation fell. China’s steel production is down. Wall Street’s optimism faces warnings. Trump’s approval rating fell to 38%.

Key events to watch include US trade balance data, FOMC minutes, and corporate earnings reports. Treasury will sell $16 billion of 20-year bonds. Sign up for the Morning Bid newsletter for more news. Opinions expressed are the author’s own and do not reflect Reuters News views.

Read more at Yahoo Finance: Tech rout pauses for Nvidia, Japan jarred