Asian Markets Tread Water Ahead of Nvidia Earnings and Tariff Talks

Most Asian bourses traded in a narrow range on Tuesday, as investors stayed cautious over potential new U.S. trade tariffs while Japanese stocks rebounded, helped by a softer yen and talk of BoJ bond-issuance tweaks.

Japan's Nikkei 225 climbed 0.5% and the TOPIX added 0.4%, reversing early losses. Exporters benefited from the yen's weakness, which you can track in real time via the Forex Daily API, after reports that Tokyo may trim long-dated bond sales to stabilize yields.

U.S. S&P 500 futures surged 0.9% in Asian hours on news that President Trump delayed steep tariffs on EU imports, injecting tentative risk-on sentiment into regional markets despite Wall Street's holiday.

Tech in the Spotlight: Nvidia's Big Week

All eyes turn to NVIDIA's quarterly report due Wednesday—details listed on the Earnings Calendar API. Traders will be watching consensus estimates, where analysts peg EPS at $5.12 and revenue at $26.8 billion, per the calendar's consensus data.

Spotlight on Japan: Yen and Sovereign Bonds

Tokyo's exporters outperformed as the yen slid to ¥144 against the dollar, echoing global risk appetite. Bloomberg's scoop on potential cuts to long-term JGB issuance also pressured bond yields, bolstering equities. Use the Economics Calendar API to monitor any BoJ or Treasury announcements that could further sway currency and bond markets.

Top Movers and Breadth

Fast-moving names included major automakers and tech suppliers. For a leaderboard of today's volume and price action, consult the Market - Most Active API, which highlights both the busiest stocks and their turnover spikes.

Key Takeaways:

• Tariff Timeline: Watch for any new U.S. trade deadlines—added to the macro calendar—to anticipate volatility.

• Nvidia Earnings Catalyst: Strong beats could reignite the tech rally, while misses may cap broader market gains.

• BoJ Watch: Any confirmation of reduced JGB issuance or hawkish rate-hike talk from Governor Ueda will drive further yen depreciation and export-sector strength.