# Futures flat ahead of Nvidia earnings as Brent crude drops below $90 : Wednesday, August 26, 2026

- Source: https://orderflowfutures.com/en/news/2026-08-26
- Site: OrderFlowFutures (https://orderflowfutures.com)
- Edited by: Tom, Trader & founder of OrderFlowFutures (https://orderflowfutures.com/a-propos#auteur)
- Published: 2026-08-26
- Updated: 2026-08-26
- Reuse: free to quote and cite, with attribution to OrderFlowFutures and a link to the source URL.

> US futures are trading flat this Wednesday as market participants await Nvidia's quarterly earnings release after the closing bell. Meanwhile, a pull back in crude oil below $90 driven by diplomatic progress in the Middle East provides relative support for equity indices.

## US Indices and Nvidia Earnings
- **Sluggish US futures**: Nasdaq 100 (-0.1%) and S&P 500 futures (flat) reflect trader caution ahead of key corporate and macroeconomic catalysts.
- **Nvidia earnings tonight**: The AI chipmaker reports Q2 fiscal 2027 results after the market close. Consensus estimates stand at $93.5 billion in revenue and $2.08–$2.13 EPS, above management's guidance of $91 billion (±2%).
- **Technical bounce**: Nvidia shares rose +2.19% on Tuesday to close at $208.48, snapping a 7-session losing streak (-7%). Investors are closely watching H200 chip delivery dynamics in China.

## Energy and Geopolitics
- **Brent drops below $90**: Crude prices pulled back following reports of potential diplomatic progress on a US-Iran ceasefire agreement.
- **Hormuz Strait traffic remains depressed**: Transits remain severely restricted, with only 5 tankers reported on Tuesday versus a 10-day average of 15. To bypass the strait, Saudi Aramco increased off-strait cargo offerings from Fujairah and Sohar.
- **Security diplomacy**: The CIA director met with Russian intelligence officials in Moscow to discuss security matters.

## Europe and Fiscal Policy
- **Defense funding**: Italy requested €8 billion from the EU's €150 billion SAFE defense facility to boost military capacity.
- **Czech fiscal rules**: The Czech Parliament approved legislation easing national budget deficit rules to exclude major infrastructure and defense outlays.

## What to watch today
- **Corporate earnings**: Nvidia Q2 earnings release after the US market close.
- **Macroeconomics**: Pending publication of US PCE inflation data.

*Brief compiled from the morning's news flow, AI-assisted and reviewed before publication. Not investment advice.*