Futures Slip As Korean Data Center IPO Faceplant Revives Tech Rout, French Spread Blows Out

Futures Jump After Nvidia's Unprecedented 2028 Guidance Stuns Markets Futures are higher led by Tech as NVDA earnings boost the tape. As of 8:00am ET, S&P futures are 0.5% higher while Nasdaq futures jump 1.1% led by NVDA which is +7.4% in pre-market trading following an unprecedented forecast of 70% revenue growth in 2028, which is boosting Semis (+3%), incl MRVL +5.2% into their print tonight. NVDA helped the market climb a significant wall of worry and is not poised to resume it march higher. Memory is +3.6%, Software is...

China Halts New Battery Storage Plant Approvals By Tsvetana Paraskova of OilPrice.com China has paused approvals for new battery storage factories amid a review of existing and planned capacity, Chinese financial news outlet Cailianshe reported this weekend, citing industry sources. The temporary suspension of approvals of plants that have not started construction yet comes amid growing concerns about overcapacity in the sector in the world’s biggest manufacturer of batteries for energy storage. China is the world’s biggest market for electric vehicles and a top player in battery storage as well. But just like...