Inflation in focus as Fed rate cut debate heats up: What to watch this week

📊 Dow, S&P 500, Nasdaq futures steady with Wall Street looking for more records:

Stock futures were steady on Monday, with Wall Street aiming for more record highs, but traders are growing cautious about whether a President Trump and Russia's Vladimir Putin summit will ease the war in Ukraine.

Dow Jones Industrial Average futures rose 0.2%, while futures tied to the S&P 500 and those on the tech-heavy Nasdaq hovered above the flatline.

Tech stocks overperformed as Apple posted its best week since 2020 on the heels of its White House spotlight with President Trump.

Nvidia also closed Friday at a fresh record amid signals from Trump that Big Tech companies could avoid looming chip tariffs. Yahoo Finance reports.


🕚 U.S. - China high-stakes tariff truce extension hangs in the balance as deadline looms:

The U.S. and China have yet to announce an extension to their tariff deadline, with tensions over several thorny issues flaring up again just as a fragile truce nears its expiry.

Following the latest bilateral meeting in Stockholm in July, Beijing had struck an optimistic tone, saying that both sides would work toward extending the tariff truce by another 90 days.

U.S. negotiators, however, had put the ball in President Donald Trump’s court on prolonging the tariff truce. Trump, so far, has offered little indication on whether he will go for an extension, stoking concerns that tensions between the world’s two largest economies could rise again. CNBC reports.


🤖 Nvidia and AMD said to strike unprecedented deal with White House for China access

Nvidia Corp. and Advanced Micro Devices Inc. will give 15% of their chip revenue from sales in China to the U.S. government as a condition of receiving new export licenses, according to a report Sunday.

The Financial Times reported that Nvidia and AMD obtained U.S. export licenses for the Chinese market last week for its H20 and MI308 artificial-intelligence chips, respectively, on the condition of an unprecedented revenue-sharing agreement.

The FT said no U.S. company has ever agreed to split revenue with the government as a condition of obtaining an export license.

Nvidia shares slipped 1% in early premarket trade while AMD stock fell 3%.

Both stocks have enjoyed a fabulous year, with Nvidia shares up 36% and AMD shares up 43%. MarketWatch reports.


🚙 Tesla applies to supply energy to British households:

Tesla Inc is plotting to enter the British energy market and supply households in the coming months.

The Austin, Texas-based electric carmaker has sought approval for an energy licence from regulator Ofgem in order to take on energy supply companies including British Gas owner Centrica PLC and Octopus Energy.

It hopes to start supplying energy to homes and businesses in England, Scotland and Wales as soon as next year.

Tesla Energy Ventures applied for the licence last month, according to a new filing published by Ofgem.

The application was signed by Andrew Payne, director of the group's energy business in Europe.

The electric car manufacturer, run by the world's richest man Elon Musk, also has a solar energy and battery storage business. MarketScreener reports.


🏛️ Citigroup raises S&P 500 year-end target to 6,600:

Citigroup raised its year-end S&P 500 index target to 6,600 from 6,300, betting on corporate earnings strength fueled by benefits from President Donald Trump's tax and spending bill, it said in a note on Friday. Yahoo Finance reports.


💼 Earnings live: Monday.com stock tanks, AMC set to report as Q2 earnings season starts winding down:

Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023.

Here are the latest updates from corporate America. Yahoo Finance reports.

"Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage."

- Peter Lynch

Sourced in: "One Up on Wall Street: How to Use What You Already Know to Make Money in the Market”, by Peter Lynch, published in 1989.

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