Asian stocks set to gain as oil declines and Nvidia earnings loom

Asian stocks were poised to rise as extended declines in oil prices reduced inflation concerns and pushed bond yields lower. Futures for Australia, Japan and South Korea gained after a rebound in chipmakers ended Nvidia Corp.’s seven-day losing streak ahead of its earnings report later Wednesday. U.S. stock futures were steady after the Nasdaq 100 Index advanced 0.6% and the S&P 500 Index rose 0.3%. The market was also focused on Nvidia’s results for clues about the outlook for artificial intelligence. Bloomberg’s item included discussion from Dan Suzuki, global investment strategist at iCapital, about the Treasury’s recent attempts to lower long-term yields.

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