CNBC Daily Open: Investors prioritize Nvidia’s earnings over geopolitical risks

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Markets recovered from jitters  
U.S. markets mostly closed higher on Tuesday after dipping in response to news of heightened geopolitical tensions. Shares of Super Micro Computer jumped 31%. On Wednesday, Japan's Nikkei 225 fell even as Seven & I shares soared nearly 11% on news that the company's founding family is planning to privatize it. Meanwhile, the CSI 300 ticked up after the People's Bank of China kept its 1- and 5-year loan prime rates unchanged.

'Industrial renaissance' in the U.S.
An "industrial renaissance" is happening in the United States, said Marc Rowan, CEO of Apollo Global Management. It's fueled by government spending on infrastructure and the semiconductor industry, under the Inflation Reduction Act, according to Rowan. He said it has created an "incredible demand for capital," which benefits firms in the finance industry.

Trump's tariffs will slow growth, says Morgan Stanley
U.S. President-elect Donald Trump's proposed universal tariff of up to 20% — and as high as 100% on goods for China — will cause U.S. economic growth to "come down a great deal," said Morgan Stanley's global chief economist Seth Carpenter. Worse, there will be a "big negative shock" to the economy if all the tariffs are implemented at once, he added.

Japan's exports rebound from years-long low
Japan's exports in October rose 3.1% year on year, rebounding from September's 1.7% drop which marked a 43-month low. October's figure was higher than the 2.2% increase expected by a Reuters poll. Imports also rose