November 17, 2025 — Nvidia (NVDA) enters the week in the spotlight as investors seek clues on whether the chipmaker can sustain a rally that has shaped the broader tech sector this year.

Trading in Asia was cautious on Monday, with markets pausing ahead of a full slate of U.S. economic data and company updates.

Market Movements and Interest Rate Outlook

Stocks largely remained flat as uncertainty over interest-rate expectations weighed on investors. The probability of a Federal Reserve rate cut next month has dropped to around 40%, a notable decline from last week, keeping traders from making significant moves early in the week.

Regional Developments

Japan’s Nikkei index hovered near unchanged levels, but travel and retail sectors fell sharply after China issued warnings to its citizens against traveling to Japan. This added pressure follows data showing Japan’s economy contracted for the first time in six quarters, largely attributed to U.S. tariffs.

Investor Watchpoints

Investors are also awaiting Thursday’s delayed U.S. jobs report, though expectations point to limited surprises amid signs of a cooling labor market. Additionally, speeches by several Federal Reserve officials this week will be closely monitored for hints on the central bank’s policy direction.