Equities: U.S. stock markets kicked off the trading session with the S&P 500 and the Nasdaq hitting new intraday highs, primarily propelled by Nvidia's impressive earnings report, which surpassed market forecasts and uplifted the tech industry. This surge took the Nasdaq to the brink of 17,000, while the SOX index reached an all-time high of 5,255.63. The initial upswing, however, didn’t last as investors began cashing in profits after a string of US data showed strong economic momentum (S&P Global PMIs), further delaying the prospect of Fed rate cuts this year. The market is now pricing a possible cut only in ... (full story)