May 20, 2026

Market Colour and Nvidia Preview

Daily UpdateEquitiesRates Govt BondsMacro Economic IndicatorsInformation TechnologyConsumer Discretionary

Market update highlighting a preview of Nvidia's Q1 earnings with a predicted $2bn revenue beat, alongside reports on European retail and banking performance. US markets are currently pressured by rising interest rates reaching 2007 highs.

Key Takeaways

1.Nvidia is expected to report a $2bn revenue beat for 1Q, with focus on datacenter guidance and agentic AI upside.
2.US equities traded lower as Treasury yields reached their highest levels since 2007 (465bps).
3.Marks & Spencer (M&S) beat FY26 PBT expectations but issued cautious FY27 guidance below consensus.

Nvidia Preview
Buybacks
Europe Industrials
M&S
H&M
Experian
ALPHA BANK
HSBC

Document Preview

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Authors

Ioannis Blekos

Securities

NVDAMKSACBr.ATEXPN.LSPX

Themes

Artificial Intelligence MonetizationRising Interest Rate EnvironmentCorporate Share Buybacks

Regions

North AmericaEuropeAsia PacificUnited StatesUnited KingdomChina

Browse More

Goldman Sachs International Daily Update NVDA MKS ACBr.AT Equities Rates Govt Bonds

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