FX.co ★ US Futures Climb as Nvidia Moves to Resume China Chip Sales

On Tuesday, U.S. stock futures experienced an uptick following news that Nvidia plans to resume certain chip sales to China, alleviating concerns over trade restrictions. This development comes shortly after Nvidia's CEO, Jensen Huang—currently visiting Beijing—held discussions with President Donald Trump. The company is reportedly pursuing approval from the U.S. government to export its H20 graphics processing unit to China and anticipates that licenses will be issued soon. Despite this positive momentum, investor caution remains ahead of significant upcoming events. Major banks such as JPMorgan Chase, Wells Fargo, and Citigroup are expected to report their quarterly earnings, which could offer valuable insights into the health of the financial sector. In addition, markets are keenly awaiting the release of the June consumer price index, which is anticipated to provide indications regarding the inflationary effects of Trump's tariff policies. This report is considered a crucial factor in shaping expectations regarding the Federal Reserve's forthcoming interest rate decision.