Markets look ahead: What's in store for global data and Nvidia's earnings

This week, the market focus will be on flash manufacturing and services economic data (PMIs) from major economies, including the eurozone, the UK, and the US. Additionally, the artificial intelligence powerhouse Nvidia is set to report its quarterly earnings, gauging the technology sector's growth trajectory.

In the markets, investors will need to continue watching the US dollar's strength and how it impacts commodity prices and other currencies in the G-10 group and emerging markets. Fed Chair Jerome Powell's hawkish stance on interest rates may continue pushing up the dollar, pressuring both the euro and European equity markets.

S&P Global is set to release the flash data of manufacturing and services PMIs for major European economies, including Germany and France.

The eurozone manufacturing PMI was revised to 46 in October, up from 45 in the previous month, suggesting a slower rate of decline in the sector. However, the reading marks the 28th consecutive month of contraction in the region, the longest downturn in history. A data below 50 indicates contraction.

In Germany, the data improved to 43 in October from a 12-month-low of 40.6 in the previous month, which showed that a trough may have been reached.

In France, manufacturing activity contracted for the 21st consecutive month in October, printing at 44.5. The reading may have been due to significantly weakened overseas demands as geopolitical tensions weighed on purchasing power. Consensus suggests that business activities in the manufacturing sector will slightly improve to 43.1 in Germany and 44.6 in France in November.

In the services sector, eurozone activity expanded for the ninth consecutive month, printing at 51.6 in October but at a soft pace. Germany's