Jul 15, 2025, 08:20 GMT+2 A look at the day for European and global markets by Rocky Swift With markets largely accustomed to an ever-changing tariff landscape, the spotlight shifts to Wall Street earnings to see how the trade crisis is affecting corporate profits. JPMorgan Chase JPM, Wells Fargo and Citigroup are among the heavyweights releasing second-quarter results today.
JPMorgan Chase, Wells Fargo and Citigroup C are among the heavyweights that will release their second quarter results today. According to LSEG data, S&P 500 companies' earnings in the second quarter are expected to rise by 5.8%, down from the 10.2% forecast on April 1, before Donald Trump launched his trade war. Investors are also awaiting U.S. consumer price data for June, looking for any signs of price pressure from tariffs or indications on the Federal Reserve's policy choices. But the main move by the Fed that Trump is seeking is an early exit for Jerome Powell, who has not given in to the president's desire to cut rates "for rocket fuel." Bond markets are anxious about the possibility that an investigation into the restructuring of the central bank's headquarters could serve as a pretext to oust Powell. Asian stocks and Nasdaq futures NQ1! rebounded after Nvidia, the $4 trillion giant at the forefront of the artificial intelligence investment boom, announced it would resume sales of its H2O chips to China.
Asian stocks and Nasdaq futures rebounded after Nvidia NVDA, the $4 trillion giant at the forefront of the artificial intelligence investment boom, announced it will resume sales of its H2O chips to China.
Thomson ReutersThe Magnificent Seven’s slice of the S&P 500

Nvidia CEO Jensen Huang will attend tomorrow's opening ceremony of the international supply chain expo in China, Chinese state TV said today. Stock futures in Europe FESX1! show slight gains at the open.
Thomson ReutersThe Magnificent Seven’s slice of the S&P 500


- US earnings: JPMorgan Chase, Wells Fargo, Citigroup, BlackRock BLK
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