Markets Steady as Fed Meeting and Nvidia's China Sales Awaited

Global markets are on pause as investors anticipate the Federal Reserve meeting and the impact of allowing Nvidia's chips into China. The Reserve Bank of Australia and others maintain steady rates, while ECB comments influence bond yields. Stocks are calm, but geopolitical tensions over tech exports remain high.

The global bond market experienced a brief pause on Tuesday as stock markets steadied, with traders focusing on the forthcoming Federal Reserve meeting in the United States and the implications of recently announced tech export rules to China. Nvidia's announcement about U.S. chip exports further added to global market intrigue.

Amidst the anticipated retention of interest rates by the central banks of Australia, Canada, and Switzerland, Isabel Schnabel of the European Central Bank indicated that future euro interest rates could rise, prompting an uptick in German and U.S. treasury yields. Meanwhile, the fiscal health of Japan continues to drive a notable rise in Japanese government bond yields.

Nvidia's decision, combined with U.S. economic policy discussions, is under scrutiny as traders assess potential impacts. President Trump's administration has allowed Nvidia's artificial intelligence chips to be sold to China. This decision has already positively influenced Nvidia's share prices, although it has pressured Chinese tech stocks.

(With inputs from agencies.)