S&P futures are pointing to a higher open today, up +0.3%. Asian equities tilted higher on Tuesday, while European markets are also edging higher in early trades. China's Q2 GDP grew +5.2% y/y, slightly exceeding expectations, while industrial production rose +6.8%, outperforming forecasts. However, retail sales disappointed at +4.8%, raising concerns about weak consumer demand. Market sentiment improved following reports that Nvidia received U.S. approval to resume exports of its H20 AI chips to China, boosting optimism in the tech sector. Attention is now shifting to upcoming Q2 earnings and U.S. CPI data. Major banks such as JPMorgan, Wells Fargo, and Citigroup are set to report their earnings today.

Companies Mentioned: NVIDIA, Cavco Industries, Accenture