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...