NVIDIA (NVDA) AI chip sales to China are reportedly stalled by a US security review, and Chinese customers are, meanwhile, not placing H200 chip orders. European bourses are broadly firmer, US equity futures are mixed with mild underperformance in the NQ. DXY trades flat ahead of US data, JPY underperforms as focus turns to a landslide LDP victory. Fixed income benchmarks are mixed; USTs are flat whilst Bunds are firmer. Crude-specific newsflow remains light, benchmarks retrace bid following US-Iranian tensions; Precious metals continue to rebound with spot XAU returning above USD 5k/oz. Looking ahead, highlights include US Final Composite/Services PMIs…
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