US Market Open: Equity futures lower despite TSMC beat and raise and large NVIDIA Rubin order from Japan

The US has completed another round of strikes on various parts of Iran, targeting military capabilities; Tehran responded with its own attacks on Kuwait and Jordan.TSMC reported Q2 metrics that beat estimates, while raising its Q3 revenue guidance above expectations. In addition, the co. is to add another USD 100bln of US investment. US equity futures lower despite strong TSMC earnings and Japan's large investment for Nvidia's Rubin chips.DXY rangebound while CHF and NOK outperforms; GBP unreactive following GDP data. Fixed income benchmarks softer despite lower energy; UK and French politics in focus.Crude benchmarks take a breather despite ongoing US-Iran strikes, spot gold moves a bit lower.Looking ahead, highlights include US Retail Sales (Jun), Jobless Claims, Philly Fed Index (Jul), Pending Home Sales (Jun), Atlanta Fed GDP,  Speakers including Fed’s Logan & Schmid, Earnings from Netflix, Alcoa, GE Aerospace, US Bancorp, Abbott & State Street.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk