BUZZ-Asia Day Ahead-Upbeat on Nvidia, China bank re-capitalizing

Feb 27 (Reuters) - The Trump administration continues to order more layoffs and generate confusion over tariff policy. U.S. new home sales tumbled amid the uncertainty on Wednesday.

Nvidia's first-quarter revenue forecasts beat estimates, with an optimistic outlook, sending shares 1.7% higher in after-hours trade.

Wall Street closed mixed, Treasury yields fell for the sixth day, the U.S. dollar and metals firmed, while oil slipped.

Offshore trading provided mixed signals for Asian markets, though EM ETFs climbed 0.99%. Australian capex leads a low-key regional data schedule. The Nvidia results, and a report that China is to start re-capitalizing banks with $55 billion will support underlying sentiment in Asia.

Dow -0.43%, S&P +0.01%, and Nasdaq +0.26% as investors awaited the Nvidia results.

Treasury yields continued to fall after a solid 7-year auction, as fears for the U.S. economy grow; 2yr -2bps to 4.072%, 10yr -4bps to 4.254%, and 30yr -4bps to 4.510%.

Oil slipped, Brent off 0.35%, and WTI -0.15%, capped by higher U.S. fuel inventories. U.S. copper +1.15% on Trump's tariff proposals. Gold +0.05% as investors await U.S. PCE inflation data on Friday.

The U.S. dollar climbed, led by risk-sensitive currencies, =USD +0.25%, AUD -0.6%, NZD -0.5%, and EUR -0.3% amid Trump tariff threats. GBP +0.05%, USD/JPY +0.05%, USD/CNH +0.2%, USD/CAD +0.15%.

Bitcoin traded down 4.97% to $84178 at 5 pm in New York.

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