Dollar Continues to Lose While Nvidia Sees New Gains – Europe Market Wrap

The Dollar fell more on Tuesday as traders remained unsure about the extent and impact of Trump’s strategy, the index falling 0.2% for the third consecutive day.

US equity futures showed little change. Nvidia gained 1.9% in premarket trade after CEO Huang unveiled a slew of new processors, software, and services. Uber also benefitted from news of a relationship with Nvidia for autonomous driving technology.

In Europe, equities rose when money markets ignored an increase in regional inflation and maintained expectations for ECB interest rate cuts unchanged.

The Stoxx 600 gained 0.2%, reversing earlier losses of up to 0.4%. Consumer prices in the Eurozone grew 2.4% in December compared to the previous year. Energy costs rose for the first time since July, accounting for the majority of the increase, according to Eurostat.

Meanwhile, the UK’s long-term borrowing costs have risen to their highest level since 1998, as investors deal with a wave of bond sales this year. The yield on 30-year gilts rose four basis points to 5.22% following the sale of same-maturity securities.

[02:30 ET] Swiss CPI YoY Actual 0.6% (Forecast 0.6%, Previous 0.7%) [Franc Weakened]