Company Interview / the open: Nvidia beats but shares fall & ASX to rise

Global equity markets were mixed ahead of Nvidia's 3rd quarter results and as investors consided rising geopolitical tensions and the shape of Donald trump's incoming cabinet.The Dow Jones Index rose 0.3% while the S&P/500 was flat and the Nasdaq fell 0.1%.

Nvidia's third quarter results came in after market close. The AI-poster child beat Wall Street's targets; but shares fell in afterhours trade on a disappointing outlook. It forecast fourth-quarter revenue above market estimates betting on sustained demand for its AI chips from businesses racing to adopt the latest generative artificial-intelligence technology.

Safe-haven assets such as gold and government bonds lifted, after Ukraine launched US-made missiles into Russia, while Ukraine also reportedly fired British cruise missiles at military targets inside Russia for the first time.

US Treasury yields moved higher on weak demand in Treasury auction, while traders assessed when the Fed may pause its interest rate cutting cycle. Markets are pricing in a roughly 50/50 chance of a 25-basis-point cut at the Fed's December meeting. The yield on the US 10-year note rose to 4.41% and the two-year was up to 4.3%.

Ahead today, RBA Governor Michele Bullock speaks. Around 30 AGMs are being held, including Accent Group, Evolution Mining, ResMed and Worley.The ASX futures is tipping a slight gain of 0.1% after yesterday's decline.