Markets Hesitant Ahead of Key Inflation Data, Eyes on Nvidia Earnings

Major share markets turned hesitant as inflation data and Nvidia's earnings approach, while geopolitical tensions in the Middle East stirred oil prices. U.S. and European rate cuts seem probable. The dollar weakened, boosting gold prices. Analysts anticipate Nvidia's strong performance could provoke a sell-off event.

Major share markets turned hesitant on Monday as traders awaited inflation data that could pave the way for rate cuts in the United States and Europe. Meanwhile, Wall Street braced for earnings from AI giant Nvidia.

Oil prices climbed after Israel and Hezbollah traded rocket salvos and airstrikes, stirring concerns about potential supply disruptions.

Nvidia's stock, up 150% year-to-date, could face a sell-off if earnings don't exceed heightened expectations. With inflation and employment data looming, the Federal Reserve may adopt rate cuts to ensure economic stability.

(With inputs from agencies.)