US equity futures are higher. European markets opened mostly weaker and Asian equities ended broadly higher, led by gains in Japan and Hong Kong. Trade concerns continue to weigh on sentiment. NVDA disclosed a $5.5B revenue hit from US restrictions on its H20 chips, part of broader export controls targeting China. A US House report labeled AI firm DeepSeek a national security threat and called on NVDA to disclose more detail on related sales. Trump said there is "big progress" in talks with Japan, with similar outreach ongoing to South Korea, India, and the UK. ECB is widely expected to cut rates today, while Fed Chair Powell and other officials signaled caution on the inflation impact of tariffs.

Companies mentioned: Pinterest, DigitalBridge Group, Perplexity AI, Samsung Electronics, Lenovo