Risk appetite improves ahead of Nvidia earnings
A bruising multi-day selloff in government bonds is showing signs of exhaustion this morning as investors train attention on Nvidia’s first-quarter results after the closing bell—an event that has become one of the most reliable positive catalysts for risk appetite in global markets. US equity futures are pointing to a tentative recovery after three days of losses, and the dollar is surrendering some of the gains achieved in recent sessions as rising Treasury yields have widened rate differentials against the euro and other major currencies. Oil prices are down roughly 2% amid a relative lull in Iran war headlines, and...