{"id":85086,"date":"2026-10-29T17:55:21","date_gmt":"2026-10-29T06:55:21","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=85086"},"modified":"2026-10-29T17:55:23","modified_gmt":"2026-10-29T06:55:23","slug":"thursday-29th-oct-2026-u-s-futures-fall-as-microsoft-alphabet-earnings-put-ai-trade-in-focus","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/thursday-29th-oct-2026-u-s-futures-fall-as-microsoft-alphabet-earnings-put-ai-trade-in-focus\/","title":{"rendered":"Thursday 29th Oct 2026: U.S. Futures Fall as Microsoft, Alphabet Earnings Put AI Trade in Focus"},"content":{"rendered":"\n

Global Markets:<\/strong><\/h3>\n\n\n\n

\u25cf         Asian Stock Markets : Nikkei up 0.21%, Shanghai Composite down 0.93% Hang Seng down 0.00% ASX up 0.43%<\/p>\n\n\n\n

\u25cf        Commodities : Gold at $4,055.15 (0.09%) Silver at $53.283 (-0.73%), Brent Oil at 110.25 (-1.25%), WTI Oil at 101.43 (-1.31%)<\/p>\n\n\n\n

\u25cf        Rates : US 10-year yield at 4.990, UK 10-year yield at 5.3252, Germany 10-year yield at 3.3827<\/p>\n\n\n\n

News & Data:<\/strong><\/h3>\n\n\n\n

\u25cf        (CAD) Overnight Rate   2.50% to 2.50%  expected<\/p>\n\n\n\n

Markets Update:<\/strong><\/h3>\n\n\n\n

U.S. equity futures declined late Wednesday as investors assessed quarterly earnings from major technology companies. Nasdaq-100 futures fell 1.2%, while S&P 500 futures lost 0.5%.<\/p>\n\n\n\n

Asian markets traded mixed on Thursday. Japan\u2019s Nikkei 225 rose 0.49%, while South Korea\u2019s Kospi dropped 2.44%. Hong Kong\u2019s Hang Seng gained 0.24%, China\u2019s CSI 300 fell 0.64%, and Australia\u2019s S&P\/ASX 200 advanced 0.34%.<\/p>\n\n\n\n

In after-hours trading, Microsoft shares climbed 3% after its Azure cloud business helped the company beat first-quarter fiscal 2027 earnings and revenue expectations. Conversely, Alphabet plunged 9% after missing third-quarter earnings and revenue estimates and reporting negative free cash flow of $9.07 billion. Alphabet maintained its full-year capital expenditure forecast of $195 billion to $205 billion.<\/p>\n\n\n\n

Investors remain focused on artificial intelligence-related spending and semiconductor demand. On Wednesday, the S&P 500 advanced for a third consecutive session, supported by Micron Technology\u2019s nearly 6% gain and Broadcom\u2019s increase of more than 2%. The Nasdaq Composite added 0.3%.<\/p>\n\n\n\n

The Federal Reserve held interest rates steady at 3.75%-4%, citing elevated inflation and the need for additional economic information before making further policy decisions.<\/p>\n\n\n\n

Markets will now focus on Thursday\u2019s September PCE inflation report, third-quarter GDP figures and weekly jobless claims. Earnings from Caterpillar, Eli Lilly, Amazon and Intel will also attract investor attention.<\/p>\n\n\n\n

 Upcoming Events:<\/strong><\/p>\n\n\n\n

\u25cf       12:30 PM    GMT   –   USD  Advance GDP Price Index q\/q<\/p>\n\n\n\n

\u25cf       1:15 PM    GMT   –   EUR  Main Refinancing Rate<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Markets: \u25cf         Asian Stock Markets : Nikkei […]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-85086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/85086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=85086"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/85086\/revisions"}],"predecessor-version":[{"id":85087,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/85086\/revisions\/85087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=85086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=85086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=85086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}