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Global shares retreat ahead of Nvidia earnings; Fed rate-cut expectations and inflation uncertainty weigh on markets. Global equity indexes fell modestly ahead of Nvidia's quarterly results as investor caution increased due to the stock's outsized market influence. Concurrently, uncertainty about Federal Reserve interest-rate expectations-as markets reassess the likelihood of a December cut given persistent inflation above target-has constrained risk-taking, with related movements in currencies and crude oil exerting additional cross-market pressure.
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<h1>Global shares retreat ahead of Nvidia earnings; Fed rate-cut expectations and inflation uncertainty weigh on markets.</h1> Global equity indexes fell modestly ahead of Nvidia's quarterly results as investor caution increased due to the stock's outsized market influence. Concurrently, uncertainty about Federal Reserve interest-rate expectations-as markets reassess the likelihood of a December cut given persistent inflation above target-has constrained risk-taking, with related movements in currencies and crude oil exerting additional cross-market pressure.