Big tech dragged US equities lower ahead of earnings results from AI giant Nvidia due today, as investors turned cautious on whether it can continue to meet sky-high earnings expectations. China’s rate cut to 5-year LPR provided some support to Chinese and HK stocks, but follow-up measures will be awaited. Iron ore prices, however, dropped another 5% with construction demand unlikely to pick up. Softer Canadian CPI cooled global inflation concerns, making CAD the underperformer in G10 FX, and focus today will be on FOMC minutes. {chart} Equities: Big tech dragged US equities lower ahead of earnings results from AI ... (full story)