Morning Bid: Nvidia nears, UK CPI lunge misses target

A look at the day ahead in U.S. and global markets from Mike Dolan

While the inflation and interest rate world continues to throw up unpleasant surprises, it’s hard to imagine much of a shift in major indexes on Wednesday as Nvidia’s (.NVDA), opens new tab earnings drum roll builds through the session before a post-bell release.

While it’s slightly alarming to have just one firm hold an entire stock market in thrall, the sheer weight of Nvidia in indexes after another near doubling of its share price this year underlines both its own importance as well as that of artificial intelligence narrative at large.