Global Markets:
● Asian Stock Markets : Nikkei up 2.06%, Shanghai Composite down 0.13% Hang Seng down 0.23% ASX up 0.43%
● Commodities : Gold at $4,031.15 (-0.19%) Silver at $53.755 (-1.08%), Brent Oil at 109.81 (-0.86%), WTI Oil at 100.83 (-0.90%)
● Rates : US 10-year yield at 4.963, UK 10-year yield at 5.3484, Germany 10-year yield at 3.3554
News & Data:
● (JPY) SPPI y/y 3.7% to 3.7% expected
Markets Update:
U.S. stock futures were little changed on Monday night following a positive session on Wall Street, as investors prepared for a busy week of corporate earnings and the Federal Reserve’s two-day policy meeting.
Dow Jones Industrial Average futures slipped 8 points, or less than 0.1%, while S&P 500 futures edged lower. Nasdaq-100 futures gained 0.1%.
Asian markets traded mostly higher. Japan’s Nikkei 225 advanced 1.7%, while South Korea’s Kospi surged 3.8%. Australia’s S&P/ASX 200 declined 0.32%.
On Monday, the Dow gained 146.42 points, or 0.3%. The S&P 500 rose 0.7%, and the Nasdaq Composite climbed 0.8%, supported by technology stocks. Anthropic’s filing to go public boosted sentiment toward artificial intelligence companies. Tesla shares advanced more than 5%, while Nvidia gained 2%. Microsoft and Amazon also finished higher.
However, concerns persist over rising borrowing to finance AI infrastructure investments.
Investors will focus on third-quarter earnings on Tuesday, with Coca-Cola, Robinhood and Boeing scheduled to report results. Microsoft, Alphabet and Amazon are expected to release earnings later this week.
The Federal Reserve begins its policy meeting as markets anticipate interest rates remaining unchanged. Investors will closely examine policymakers’ voting patterns and statements for clues about the monetary outlook through year-end.
Economic releases scheduled for Tuesday include durable goods orders, consumer confidence and new home sales, providing additional insights into the strength of the U.S. economy.
Upcoming Events:
● 2:00 PM GMT – USD CB Consumer Confidence
