European Shares Seen Flat To Lower At Open

(RTTNews) - European stocks are seen opening flat to slightly lower on Wednesday, with Nvidia earnings and minutes from May's FOMC meeting likely to be in focus.

First-quarter earnings results from Nvidia are due after the U.S. closing bell, with investors waiting to see what China restrictions will mean for the AI chipmaker.

Major retailers, including Macy's, Dick's Sporting Goods and Abercrombie & Fitch are set to report before the market open.

Cybersecurity firm Okta beat fiscal first-quarter expectations on the top and bottom lines, but kept its guidance due to macroeconomic uncertainty, sending its shares down over 12 percent in extending trading hours.

Temu owner PDD Holdings reported first-quarter sales and earnings far below expectations, underscoring how Sino-U.S. trade tensions are taking a toll on its business.

On the economic front, traders will review the minutes from the Federal Reserve May meeting later in the day for fresh insight into how Fed officials are thinking through monetary policy at a time of greater macroeconomic uncertainty.

Asian markets were flat to slightly lower due to investor anxiety around the ballooning U.S. debt levels.

A slight retreat in the dollar and lower U.S. bond yields helped lift gold prices higher in Asian trade.