Wall Street Stands Still Ahead of the Eagerly Awaited NVIDIA Report As Falling Oil Prices Ease Inflation Concerns, While the DAX Aims for Record Highs –The Surprisingly Firm PCE Price Index Forces Markets to Fully Price in a Fed Rate Hike by December, As the “Bessent Put” Pushes Down US Yields – Deutsche Bank Climbs to Its Highest Level Since 2014, SAP Slows Down After UBS Downgrade, and Meta Settles a Historic Youth Protection Lawsuit for $16.7 Billion

USA & MACRO-OUTLOOK Wall Street remains directionless ahead of the day's dominant event The S&P 500 is slightly weaker at -0.04%, while the Nasdaq 100 continues narrowly in the red at -0.05%. Stocks are aligning with the weaker trend in the bond market as investors await the results from NVIDIA . The chip giant is becoming a health check for the entire AI boom: the focus is on what CEO Jensen Huang says regarding customer demand, future requirements, and especially the billion-dollar financing deals. Market observers have taken the...