A look at the day ahead in European and global markets from Tom Westbrook

Financial markets hit a holding pattern ahead of chipmaker Nvidia’s earnings later on Wednesday.

Nvidia’s near 7% weighting in the S&P 500 ensures that where goes Nvidia, so goes the market. It reports after hours.

Before the release, CPI data is due for Britain where it would take a big upside surprise to derail a rate cut that markets have priced in for December.

Stocks, bonds and the currency market were all mostly steady through the Asia session, though gains were hard to come by as investors were holding their breath to see if Nvidia’s outlook can match lofty expectations.

Enormous AI spending commitments should guarantee good business for the chipmaker in the year ahead, but it’s longer-term that doubts ov

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