A look at the day ahead in European and global markets from

Vidya Ranganathan.

Tuesday's top headlines are Wall Street's record highs

overnight and Nvidia's ( NVDA ) fresh attempt to dethrone Apple

Inc ( AAPL ) and become the world's most valuable company.

The return of excitement around tech, artificial

intelligence and corporate earnings has set the tone in Asia,

where Tokyo's Nikkei index is above 40,000 again, and is

likely to propel European stock markets, too.

Overnight, the S&P 500 soared to a record high close

and the Dow Jones index scaled 43,000 points for the

first time, led by chip stocks after a 2.4% jump in AI darling

Nvidia ( NVDA ) and a brisk start to the third-quarter earnings season.

Shares of Nvidia ( NVDA ) closed at their highest ever on Monday,

lifting its market value to $3.39 trillion - just below Apple's ( AAPL )

$3.52 trillion and above Microsoft's $3.12 trillion.

More bank earnings are due on Tuesday. Bank of America ( BAC )

is expected to report a fall in third-quarter profit,

Goldman Sachs ( GS ) is expected to see higher fees from

advisory and underwriting services, and Citigroup ( C/PN ) and

brokerage firm Charles Schwab also report earnings.

Key for Europe among a batch of jobs and inflation data

releases is the European Central Bank's survey on bank lending

to the euro zone economy, which should feed into expectations

for Thursday's policy review. The ECB is set to deliver another

quarter-point rate cut on Thursday, a move policymakers were

reluctant to flag and traders had given less than a 25% chance

when the bank met a month ago.

Key developments that could influence markets on Tuesday:

Earnings: Bank of America ( BAC ), Goldman Sachs ( GS ), Charles

Schwab, Citi

Economic data: UK jobs, France CPI, Eurozone industrial

production, German ZEW economic sentiment, ECB bank lending

survey

Govt debt: Reopening of UK 30-year government debt auction