Markets face busy week ahead with global tariffs, $NVDA earnings, PPI and 11 Fed speeches
A packed stretch hits global markets this week, just as stocks, precious metals, and crypto continue to trade sideways.
Now as Cryptopolitan reported last week, the Supreme Court blocked a large part of the old tariff system in a 6 to 3 ruling. That ruling said the IEEPA law does not give a president the power to place wide tariffs on other countries.
Companies that depend on imports now prepare refund claims that could reach 175 billion dollars, and those cases head to trade courts in Washington. The White House then said it will use Section 122 of the Trade Act of 1974 to set a new 10% global tariff.
Tuesday brings new sentiment data from the Conference Board. Forecasts point to 88.0 after 84.5 the month before. This comes as inflation sits above the Federal Reserve target of 2%. The latest PCE report showed headline and core readings rising by 0.4% in December.
Data hits every corner of the week
Friday’s Producer Price Index is at the top of the data list this week and is expected to land at 0.3% month-on-month. The prior month was 0.5%. The year-on-year reading was 3.0% before.
Core PPI was 0.3% month-on-month and 3.3% year-on-year in the last print.
The final durable goods reading for December was minus 1.4%.The Dallas Federal Reserve manufacturing index was minus 1.2, and its services index was 2.7.
The Richmond Federal Reserve manufacturing index was minus 6. There is also the FHFA house price index for December at 0.3% expected after 0.6% before. The ADP weekly employment change for the week ending February 7 was 10,250.
Thursday brings more numbers tied to the labor picture. Initial jobless claims from the prior week were 219,000. Continuing claims for the week ending February 14 were 1.87 million. Kansas City Federal Reserve manufacturing sat at zero. The MNI Chicago PMI sits at an expected 52.5 after 54.0.
Friday is loaded. PPI final demand year-on-year sat at 3.0% before. Core PPI month-on-month was 0.3% expected after 0.7%. Core PPI year-on-year was 3.3% before. Kansas City Federal Reserve services activity stood at 2.
Corporate earnings from Nvidia, the largest company on earth
Meanwhile, we also got Nvidia Q4 2025 earnings coming out on Wednesday. In Q3 2025, the company brought in $57.01 billion in revenue, beating expectations by more than $2 billion. Earnings per share were 1.30 against a 1.26 forecast. Data Center revenue reached $51.2 billion, which was up 66% from the year before.
Networking revenue hit $8.2 billion after more than doubling. Margins came in at 73.6% on a non-GAAP basis. Inventory rose 32% to $19.8 billion. China sales fell due to export limits.
Nvidia CEO Jensen Huang had said H20 chip sales were near $50 million because large orders did not appear, so he assumed zero data-center compute revenue from China in Q4 guidance.
Last week, Jensen said that Nvidia’s GTC 2026 event will feature “several new chips the world has never seen before.”
The event, which starts on March 16, will reveal “a chip that will surprise the world.” He didn’t explain what it is or what it does. People keep pointing to the N1X chip for PCs, since that has been floating around for a while, but even that might not be the real thing he’s hinting at.
The NVDA stock closed at $187.98 on February 18 and is up less than 1% for the year. Prediction markets show a 70.5% chance of closing above $180 by the end of the month and a 24% chance of touching 200.
This week also has 11 talks from officials at the Federal Reserve. People want to hear how they see inflation, jobs, and growth.
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