FactSet U.S. Daily Market Preview

US equity futures point to a firmer open. Asian markets traded sharply lower, while Europe opened weaker as risk-off sentiment continued. US markets extended their rotation out of Big Tech and AI-linked names as Nvidia surrendered its post-earnings gains amid renewed concerns around stretched valuations, circularity, capex monetization, and broader AI bubble skepticism; Labor-market softness moved into focus after a mixed jobs report showing cooler wage growth, upward pressure on unemployment, multi-year highs in continuing claims; Furthermore, momentum unwind corresponding with doubts about prospect of Fed rate cut in December after delayed September nonfarm payrolls report was mixed and ongoing Fed policymaker divide left markets pricing in ~40% chance of a reduction.Companies Mentioned: GE HealthCare Technologies, Enviri, Blackstone

US equity futures point to a strong open, with S&P 500 futures up about 1.2%. Asian markets traded mostly higher, and European equities also opened firmer. Nvidia delivered another beat-and-raise and reiterated expectations for more than $500B in Blackwell and Rubin revenue through 2026, with guidance assuming no China contribution due to ongoing restrictions; Furthermore, the October FOMC minutes showed “many” participants supported keeping rates unchanged for the rest of the year, reinforcing a divided policy outlook and keeping attention on December cut odds; In addition, geopolitical attention rose after reports that US and Russian officials drafted a new plan to end the Ukraine war that includes territorial concessions and a rental-fee framework, adding another layer of uncertainty to global risk sentiment.Companies Mentioned: Palo Alto Networks, Warner Bros. Discovery, Netflix, Dominion Energy

S&P futures are pointing to a flat open today. Investors are awaiting NVIDIA's earnings after the close, with the company expected to post another big beat on the back of surging AI demand. However, concerns over valuations remain a key talking point. Asian equities finished a choppy Wednesday session with most markets traded lower. European stocks are slightly weaker, following Tuesday's sharp declines.Companies Mentioned: NVIDIA, Warner Bros. Discovery, Onity Group

S&P futures are down (0.3%) and pointing to a slightly lower open today. Asian equities ended Tuesday trading broadly lower, with the Nikkei leading the declines, down over (3%), followed by the Greater China markets. Markets saw steep losses in large-cap tech and semiconductors ahead of NVIDIA's earnings on Wednesday. Concerns are mounting over high valuations in AI-related stocks, a key driver of this year's market rally. European markets are also sliding now, with the STOXX 600 down (1.2%). Companies Mentioned: NVIDIA, Axalta Coating Systems, Databricks

Asian equities were mixed, while European equity markets are weaker. US equity futures are firmer with S&P up 0.5%. Bonds are firmer. US 10-year yield down 2 bps at 4.1%. Dollar firmer versus euro, Japanese yen and Aussie. Sterling little changed. Oil down, gold lower. Industrial metals weaker. Sentiment is still somewhat negative in Europe after Friday's selloff on rising uncertainty in AI complex and rotation out of high-multiple equities. In addition, hawkish Fedspeak keeping December rate cut at 50/50 odds. Markets have also been assessing rising friction between Japan and China over PM Takaichi's comments on Taiwan. Beijing urged citizens to avoid travel and study in Japan. China's Coast Guard also sent armed ships through disputed waters near Senkaku Islands. Companies Mentioned: Goldman Sachs, Affinity Equity Partners, Airbus SE, Pratt & Whitney, Flydubai, Grindr

US equity futures point to a weaker open. Asian markets traded sharply lower, while European equity futures also signaled early losses. Big tech remains the market's key pressure point after broad declines Thursday, with Tesla, Nvidia and Google leading weakness as AI-linked momentum unwound. Furthermore, labor-market softening stayed in focus after reports that Verizon plans to cut about 15K jobs, while the extended data vacuum drew attention given that after next week's likely September payroll release, major macro data are not expected again until early December. Macro uncertainty tightened after hawkish Fed commentary pushed December rate-cut odds below 50% and lifted Treasury yields. In addition, China's latest activity and credit data showed industrial production, retail sales and fixed-asset investment weakening to the slowest pace in over a year, reinforcing global risk-off sentiment.Companies Mentioned: Nvidia, Paramount, Comcast, Netflix, Warner Bros, Apple, OpenAI

US equity futures point to a softer open. Asian markets traded broadly higher, while European equities traded mostly higher. The spending bill signed by President Trump ends the record 43-day government shutdown, though October CPI and payrolls are still unlikely to be released, prolonging uncertainty for Fed policy. While resumption of Fed easing has been a component of the bullish narrative, Fed policymakers still divided on policy path. Market pricing in 60% chance of Dec rate cut, down from 67% day before. Furthermore, OPEC's latest forecast for a more balanced oil market next year weighed on crude, extending a broader reset across commodities.Companies Mentioned: Sealed Air, Alibaba, Amazon, PDD Holdings, SHEIN

S&P futures are up +0.3% and pointing to higher open today. Asian markets ended Wednesday trading mostly higher, with gains seen in Japan, Korea, Hong Kong, Singapore, and Taiwan. European equities are also higher in early trades, following a strong close on Tuesday. Risk sentiment is firm as the U.S. government appears close to reopening, with the House set to vote on a funding compromise. Softer ADP payrolls have sharpened concerns about a cooling labor market, pushing markets to price roughly a 70% chance of a December Fed rate cut. Media reports suggest policymakers remain divided, leaving the December decision finely balanced.Companies Mentioned: Blackstone, Bill Holdings, Teck Resources

S&P futures are down (0.2%) and pointing to a slightly lower open today. Asian markets delivered a mixed performance on Tuesday. AI-related tech stocks underpinned the gains in Japan and Korea, while Mainland China and Australia both saw modest losses. Tuesday's session saw Monday's rally fade amid a lack of catalysts and mixed U.S. futures. The brief lift from the U.S. government shutdown resolution gave way to familiar concerns: stretched valuations, earnings quality, uneven economic data, and trade risks. Trade was in focus after reports that Beijing is reviewing a rare-earth export framework that could limit access for companies linked to the U.S. defense sector. Despite the softer tone, Singapore and Indonesia each notched new record highs. European equity markets are higher in early trades, building on Monday's strong performance.Companies Mentioned: C3.ai, Boeing, NVIDIA

S&P futures are pointing higher today. Asia equities ended higher, Europe opened with strong gains. US dollar unchanged. Treasury yields higher across tenors, JGB yields also up. Crude oil futures higher. Precious metals up with gold back above $4K. Base metals mixed. Cryptocurrencies also rallying. Risk sentiment supported on news that US Senate is nearing deal to end government shutdown with enough Democrats in support. Compromise said to involve fully funding Departments of Agriculture and Veterans Affairs for a year while partially funding other agencies through 30-Jan. Agreement guarantees laid-off federal employees will be re-hired and given backpay. Any deal would also unblock release of delayed economic data, providing colour on December rate cut prospects. White House also warned of a potentially negative Q4 GDP print from shutdown that extended past Thanksgiving. Companies Mentioned: Accor, Metsera, Pfizer, Novo Nordisk

S&P futures are pointing to slightly higher open today. Asian markets wrapped up the week on a weak note as valuation concerns and tech sector warnings drove losses across the region. European equity markets opened mostly softer. China's dollar exports fell (1.1%) y/y in October, missing expectations for +3.0% and reversing September's +8.3% rise—the first contraction since February. Shipments to the U.S. dropped (25%) y/y, extending a seven-month run of double‑digit declines and taking the YTD fall to nearly (18%). Exports to ASEAN +~11% and the EU +1% slowed, while sales to South Korea, Russia, and Canada fell by double digits. Companies Mentioned: Comcast, Warner Bros. Discovery, NVIDIA, BlackLine

US equity futures point to a softer open. Asian markets traded broadly higher, while European equities opened lower. Focus remains on US tech earnings afterhours. Qualcomm guided Q1 revenue above forecasts, though below the most bullish expectations, while ARM's profit outlook exceeded estimates, reflecting data center demand. In central bank news, the Fed's hawkish comments continued to weigh on sentiment, while the BoE decision today is seen as finely balanced. Meanwhile, the US-China trade truce continues to dominate headlines, but not much specific behind move as recent angst surrounding stretched valuations, big tech index concentration, narrow breadth and AI capex ROI remain overhangs, not expected to go away anytime soon. However, still no signs of panic, while buy-the-dip narrative has been extremely resilient on the back of elevated retail buying.Companies Mentioned: Charles Schwab, Forge Global, Marvell Technology, Softbank, OpenAI

S&P futures are pointing to flat open following Tuesday's selloff. European equity markets are edging lower in early trades, though the FTSE 100 is bucking the trend, supported by strength in defensive sectors. Asian markets ended largely lower today, with Japan's Nikkei and South Korea's Kospi both losing over (3%) as tech stocks faced sustained selling pressure. Major losses came from SoftBank, Advantest, and Tokyo Electron in Japan; Samsung and SK Hynix in South Korea; and TSMC in Taiwan, dragging respective indices lower. The Kospi is on track for its worst day since April. Companies Mentioned: Axon Enterprise, Alphabet, AMD

S&P futures are down (1%) and pointing to a lower open today as global equity markets retreat following hawkish Fed commentary. Concerns over the sustainability of AI-linked valuations, rising debt issuance in the sector, and regulatory scrutiny in Asia are weighing on technology stocks globally. Technology stocks in South Korea and Japan were hit hard, with SK Hynix and Samsung Electronics down over (5%) each. Australia also saw sharp declines following the RBA's inflation revisions. European markets are also broadly lower in early trades. Companies Mentioned: Starbucks, Denny's, Viper Energy

US equity futures were higher Monday. Asian equities broadly firmed, led by a record-setting Kospi surge, while European markets opened stronger. Investor sentiment improved after the White House detailed the Trump-Xi trade truce. In addition, OPEC+ decided to pause output increases, lifting crude prices. Meanwhile, South Korea's export recovery accelerated in October, while Taiwan's PMI remained in contraction. On the policy front, multiple Fed officials delivered hawkish remarks, signaling caution on further rate cuts, though market reaction was muted.Companies mentioned: NVIDIA, Amazon, Westpac Banking

US equity futures rose Friday after Thursday's selloff. Asian equity markets were mixed, and European markets opened mostly softer. The market focus stayed on the “Mag 7” earnings. Amazon shares jumped 13% after hours on accelerating AWS growth and a guidance upgrade, while Apple gained 2% on strong holiday iPhone demand guidance despite weaker China sales. Meanwhile, markets continued to digest the Fed's rate-cut message, while number of sell-side firms reiterated expectations for a December rate cut, upward pressure on rates has persisted, with flatter rate cutting path seen through year-end 2026. On the other hand, the Trump-Xi meeting delivered widely expected trade truce, though broad strokes had already been reported and détente still seen as fragile.Companies Mentioned: Netflix, Warner Bros., Intel, Coherent

US equity futures were steady Thursday, Asian equity markets ended mixed and European markets opened mostly lower. Markets continued to digest the Trump–Xi meeting outcome, where the US agreed to lower tariffs on China to 47% in exchange for resumed soybean purchases and a one-year pause on rare earth curbs, as well as cracking down on fentanyl precursors. In addition, the US and South Korea finalized a trade deal involving $350B in South Korean investment for tariff relief. Monetary policy was another focus as the Fed delivered a 25 bp rate cut but signaled caution about further easing, with Chair Powell stressing that a December cut is “far from” certain. Meanwhile, the ECB is expected to keep policy unchanged, while the BoJ held rates steady with two dissenters again voting for a hike.Companies Mentioned: Warner Bros., Liberty Global, Telefonica, OpenAI

S&P futures are up +0.3% and pointing to higher open as investors gear up for a packed day of earnings. Meta, Microsoft, and Alphabet are all scheduled to report after the close. Asian markets closed mostly higher, with the MSCI APAC ex-Japan index reaching a fresh record high. European equity markets opened mostly softer today, though the FTSE 100 is edging higher, supported by miners and the energy sector. Companies Mentioned: NVIDIA, Apple, Ryerson Holding, Olympic Steel

S&P futures are pointing to a flat open today after a strong Monday session. The early-week risk-on sentiment in markets is driven by signs of US-China trade de-escalation, as Presidents Trump and Xi are expected to approve a framework agreement negotiated over the weekend. However, some reports highlight that the deal primarily restores a fragile trade truce rather than addressing deeper, unresolved issues in the bilateral relationship. Asian markets finished lower on Tuesday, while European markets opened broadly softer. Companies Mentioned: BlackLine, Qorvo, MarineMax

US equity futures are indicating a higher open today. Europe markets have opened higher in early trades. And Asian markets have wrapped up the day higher almost everywhere as trade tensions around the world eased significantly. US and China finalized an outline trade agreement on Sunday, which has been the factor behind the positive sentiment. Japan's Nikkei broke through 50K for the first time in a broad rally. Taiex and Kospi also at fresh record highs.Companies mentioned: Plymouth Industrial REIT, Novartis, Avidity Biosciences, SoftBank, Sony, Warner Bros Discovery

US equity futures were firmer Friday. Asian markets were mostly higher, and European markets opened slightly weaker. The oil market was the main focus as prices spiked after Washington imposed sweeping sanctions on Russia's two largest oil producers, a move expected to disrupt near-term crude flows to China and India. In trade developments, the White House confirmed President Trump will meet President Xi at the October 30th APEC summit, though no major breakthroughs are expected. Reports suggest Washington is preparing new curbs on software exports to China and may launch a Section 301 probe into Beijing's trade-deal compliance. Earnings sentiment stayed upbeat as companies broadly exceeded expectations, while retail trading volumes hit their highest level in five years, underscoring elevated investor participation.Companies Mentioned: Disney, Alphabet, Target, General Motors, Stellantis

US equity futures are firmer after Wednesday's losses. Asian markets ended mixed, and European equities opened also mixed. Market sentiment remained focus on geopolitics. The White House is reportedly preparing to curb exports of software-related products to China, including laptops and aviation components, raising concern over a potential escalation in trade tensions. However, President Trump continued to talk up prospects of a deal with President Xi at their upcoming APEC meeting. In energy markets, oil surged after Washington imposed sanctions on Russia's two largest oil producers, Rosneft and Lukoil, for undermining Ukraine peace efforts, while Europe moved toward banning Russian LNG imports. Earnings also drew focus, with high-profile misses from Netflix and Texas Instruments offset by strength in industrial and energy names.Companies Mentioned: Warner Bros. Discovery, Airbus, Leonardo, Thales, Starlink, IonQ, Quantum Computing, Rigetti Computing, D-Wave Quantum

S&P futures are up +0.1% and pointing to another flat open. Asian equities were mostly lower today. Greater China markets underperformed due to weakness in tech names and ongoing concerns about China's economic recovery. Australia's ASX fell sharply as gold miners tracked steep losses in the precious metals market. European equity markets also opened lower. The FTSE 100 stood out with a +0.7% advance, supported by strength in miners and energy stocks as oil prices climbed. Companies Mentioned: GE Vernova, Alphabet, Meta Platforms

S&P futures are up +0.1% and pointing to a flat open. Asian equities broadly advanced, buoyed by optimism over US-China trade relations and strong gains in Chinese and Japanese markets. European equity markets also opened higher, following Monday's broad-based gains. Markets initially reacted positively to signs of easing US-China trade tensions but have since pared gains. President Trump expressed optimism about reaching a deal with President Xi at the upcoming APEC summit, while reiterating the threat of a 100% tariff if no agreement is reached by November 1st.Companies Mentioned: Apple, Core Scientific, Flour

S&P futures are up +0.4% and pointing to a higher open. Asian equities began the week's trading on a high note, with Japan's Nikkei surging over +3% as political clarity boosted sentiment. Hong Kong's Hang Seng also gained +2.4%, led by sharp advances in big tech. European markets are also higher in early trade as gains are being supported by easing US-China tensions and strong momentum from Asian markets. However, the French CAC is lagging slightly, following S&P's decision to downgrade France's credit rating late last week. Companies Mentioned: Tesla, Hologic, The Cooper Cos, Boeing

US equity futures lower with S&P down (1.4%). European equity markets are sharply lower, follows firmer close on Thursday. Asian equity markets were weaker. Bonds strengthen, tracking big move in treasuries which sees US 10-year at 3.95%. Dollar is weaker. Oil down. Gold extends to new record high. Industrial metals mixed. Bitcoin lower. Markets have been keying off renewed turbulence in US regional banking space after KRX fell 6% to four-month low amid regional-bank credit concerns, which added to concerns over souring loans following collapse of subprime auto lender Tricolor and autoparts maker First Brands. Developments drew attention to JP Morgan CEO Jamie Dimon's warning about potential for more revelations. Press also highlighted concerns stemming from riskier credit as big investors dial back exposure.Companies Mentioned: CME Group, Eli Lilly, Novo Nordisk

S&P futures are up +0.3% and pointing to a higher open today. Asian equities posted mixed results on Thursday, with Japan's Nikkei up +1.2% and Korea's Kospi outperforming on optimism around U.S.-South Korea trade talks. European markets opened narrowly mixed. The Trump administration maintained a hawkish stance on trade as U.S.-China tensions escalated. USTR Greer criticized China's new rare earth export restrictions, labeling them a global supply chain power grab and a violation of trade agreements. Treasury Secretary Bessent dismissed reports that China is leveraging U.S. stock market concerns to push for negotiations, asserting the U.S. won't capitulate due to market fluctuations. Companies Mentioned: Microsoft, Estée Lauder, SL Green Realty

S&P futures are up +0.5% and pointing to a higher open today. Asian markets posted solid gains on Wednesday, led by Japan's Nikkei and Hong Kong's Hang Seng, both up over +1.5% as tech shares rebounded. European markets are also moving higher in early trades. The French CAC is leading with a +1.5% advance as French PM Lecornu's willingness to suspend pension reform to secure political support provided some relief, though a vote of confidence is looming on Thursday. U.S.-China trade tensions continue to generate volatility, with President Trump indicating on Truth Social a potential halt to trade on cooking oil products, citing China's refusal to purchase U.S. soybeans. This follows recent threats to double tariffs in response to China's expanded rare earth restrictions, although Trump later reassured that resolution is possible. Companies Mentioned: Apple, Eli Lily, Papa John's

S&P futures are under pressure, down (1%) as risk sentiment deteriorates following Asian equity weakness and reports that Beijing imposed fees on U.S.-related shipping. China has added five U.S. units of Hanwha Ocean to its sanctions list, escalating trade tensions with the U.S. The move prohibits these entities from conducting business with China and follows reciprocal fee hikes on ships at ports by both nations. Japan's Nikkei fell near (3%) today after reopening post-holiday, while Hong Kong also dropped (1.3%). European markets mostly opened in the red with major benchmarks down near (1%).Companies Mentioned: Goldman Sachs, Broadcom, Ford, Robinhood

US equity futures sharply higher with S&P up around 1.5%. Follows worst S&P session on Friday since early April Liberation Day slide. European markets are higher while Asia's ended largely lower. Bonds are firmer in Asia after Treasuries made big gains on Friday. 2-year yield flat to 3.5% and 10-year flat to 4.1%. Dollar slightly higher versus European FX majors and Japanese yen, softer versus Aussie. Oil up. Gold rallies to fresh record high. Big gains also in copper and industrial metals space. Bitcoin near two-week low. Spike in US-China trade tensions remained talking point over the weekend after President Trump on Friday announced additional 100% tariffs on China in response to what he described as hostile actions by Beijing involving announcement of rare earths export curbs, a Qualcomm antitrust probe, tightened customs inspections of Nvidia chip imports, and new port fees for US ships. Companies Mentioned: RPMGlobal Holdings, Big Yellow Group, Blackstone, Caterpillar

US equity futures are firmer. Asian equities ended mostly lower, and European markets opened mostly higher. Market attention remains centered on the AI sector, with growing debate over stretched valuations, circular investment flows, and limited productivity gains raising bubble concerns. In Washington, the government shutdown continues with little progress, as discussions shift to potential broader disruptions and delayed data releases. On the geopolitical front, Israel and Hamas have agreed to a ceasefire and the return of remaining hostages, while investors continue to monitor its potential impact on regional stability and energy markets.Companies Mentioned: NVIDIA, Coinbase, Mastercard, AIG, Allianz, Coface

US equity futures are slightly higher. Asian equities advanced broadly, and European markets opened mostly softer. Market sentiment remained positive following a rebound in the AI sector, with Nvidia leading large-cap tech gains and continued momentum from recent M&A headlines. September FOMC minutes confirmed most policymakers favored holding rates steady, aligning with Chair Powell's recent hawkish tone. Traders continued to price in the Fed's risk-management stance amid mixed signals on inflation and labor market risks. Meanwhile, the 10-year Treasury auction tailed slightly, reflecting softer foreign demand.Companies Mentioned: NVIDIA, Blackstone, Civitas Resources, SM Energy

S&P futures are up +0.2% and pointing to a slightly higher open. Asian markets were mixed with Japan and Hong Kong lower. New Zealand posted modest gains after a surprise RBNZ rate cut. Mainland China and South Korea remained closed for holidays. European markets are all firmer in early trades. Gold prices surpassed $4,000/ounce for the first time, driven by haven demand amid economic, fiscal, and geopolitical uncertainties. Year-to-date, gold has delivered over +50% returns, supported by concerns over potential market shocks, a possible US government shutdown, and expectations of further Federal Reserve monetary easing. Bullion-backed ETFs experienced their largest monthly inflows in over three years in September. Companies Mentioned: Exxon Mobil, Intel, NVIDIA, Confluent

US equity futures are slightly softer. Asian markets are mostly higher, and European equities opened flat to lower. US stocks extended record highs Monday on continued optimism around AI and stable Fed expectations, while AMD surged after announcing a multibillion-dollar partnership with OpenAI. Political developments dominated global headlines — French Prime Minister Lecornu resigned, and Japan's new LDP leader Takaichi's victory fueled expectations for debt-funded stimulus. Rating agencies warned about France's credit outlook, with BCA Research calling French bonds “uninvestable.”Companies Mentioned: Apollo Global Management, Itron, Science Applications International

US equity futures are firmer with S&P up 0.25%. Asia equities trading mixed, European equity markets are lower. US 10-year yield add 2 bps at 4.14%. Dollar seeing decent gains versus Japanese yen, firmer versus euro and sterling. Softer versus Aussie. Oil gains. Gold at new high. Bitcoin also logged new record high. No real movement toward an end to the shutdown, though latest updates have focused on political implications that could ultimately offer path to resolution. A recent media report said the White House is increasingly concerned that allowing ACA healthcare subsidies to expire will become a political vulnerability for Republicans, worry GOP will take blame for allowing healthcare costs to jump ahead of next year's midterms. Potential for mass firings of federal workers remains a key market overhang given potential for economic implications beyond shutdown period. Companies Mentioned: Firefly Aerospace Inc, Critical Metals, Brookfield Asset Management

US equity futures are firmer. Asian equities ended mostly higher, and European equities opened firmer. The US government shutdown remained the main headline focus, though markets have treated it as noise for now. Concerns are growing about potential mass firings of federal employees and delayed economic data releases, including nonfarm payrolls and CPI, that could complicate the Fed's ability to assess conditions ahead of an expected October rate cut. Market is continuing to price in ~90% chance of October rate cut. In addition, AI-driven momentum continued to dominate market sentiment, with global semis rallying as OpenAI struck deals with Asian chipmakers on Stargate cooperation.Companies Mentioned: Boeing, Nvidia, Alphabet

US equity futures are firmer. Asian markets advanced, and European equities opened firmer. Soybeans have become a flashpoint in US-China trade talks after President Trump criticized Beijing for halting US purchases, saying he will raise the issue with President Xi next month. In addition, the US government shutdown continued after the Senate again failed to pass stopgap funding legislation, however, shutdown widely telegraphed and remains more noise than news, though data delays and Trump threat of mass federal worker firings the near-term; Meanwhile, US macro releases showed weakness, with September ADP private payrolls falling, though September ISM manufacturing improved modestly from August.Companies Mentioned: OpenAI, Exxon Mobil, Apple

US equity futures are weaker. Asia finished mixed, and European equities opened narrowly mixed. Focus remained on the US government shutdown after funding legislation failed to pass, though the Street continues to downplay broader economic risks. Market participants flagged the delay of key economic releases. AI names continued to attract attention with NVIDIA outperforming, while pharma stocks gained on favorable drug pricing developments. Trade tensions were also in focus after USTR Greer said 55% China tariffs remain "status quo" and Republicans voiced skepticism over renewed Chinese agricultural purchases. Greer was more positive on prospects of trade deals with South East Asian countries when Trump visits region next month.Companies Mentioned: Meta Platforms, Lithium Americas, AES Corp

S&P futures are down (0.2%) and pointing to a slightly lower open. The White House expanded its export blacklist to include subsidiaries of firms like Huawei and SMIC, raising fears of heightened trade tensions. Separately, Trump announced new tariffs on timber, lumber, and furniture imports, though countries with trade deals will see tariffs capped at negotiated rates. Asian markets were mostly higher today with Greater China outperforming, while European benchmarks are mostly in the red in early trades.Companies Mentioned: Boeing, Exxon Mobile, Coty

US equity futures are higher with S&P going up. European and Asian equity markets both higher. Hang Seng outperforms amid tech gains. Bonds firmer, which sees US 10-year yield off 4 bps at 4.1%. Dollar softer, oil down, gold up. Industrial metals are mostly firmer. After global pharma shares came under pressure last Friday from President Trump's announcement of a 100% tariff on branded drugs, Europe and Japan officials expressed confidence that their levies will be capped at the 15% stipulated in their respective trade agreements with US, according to press. White House official said UK faces 100% levy given there was no specific stipulation for pharmas in their US deal. Sources indicated British government set to concede UK should pay more for some medicines and Starmer chief business adviser Chandra will travel to Washington next week to convey such overtures.Companies Mentioned: TotalEnergies, Occidental Petroleum, Merus, Genmab

S&P futures slightly higher, treasuries were weaker with the curve flattering. Asia equities ended mostly lower. European equities have been recovering from three-week lows. Yield flat to 3.7% at the short end, 10-year flat to 4.2%. Gold finished up, WTI crude was little changed at settlement. Dollar index up, bitcoin futures were down, but came off worst levels. Path of least resistance remained lower, as it has been over the last few days. Rates remains an overhang on sentiment as market dials back some of its near-term easing expectations. Thursday's macro data became the latest driver, particularly with another notable decline in initial claims. In addition, outside of Miran, Fed-speak today again highlighted some preference for a more cautious approach to easing. Companies Mentioned: AAR Corp, Heritage Financial, Olympic Bancorp, Tiptree, DB Insurance

US equity futures are slightly higher. Asia mostly advanced, and European equity opened little lower. Fed commentary continued to temper expectations for near-term rate cuts; Market focus remains on Friday's core PCE release and potential month-end rebalancing, with Goldman projecting $22B in US pension selling pressure; In other trade news, US-China tech and trade tensions persisted, with Washington launching new S.232 tariff probes into robotics, industrial machinery and medical equipment, and Reuters sources noted G7 and EU weighing rare earths price floors, as well as a tariff on Chinese rare earths imports, in bid to reduce reliance on China. Reports of upcoming US-China technical trade talks next Thursday and executive order on TikTok deal may be signed.Companies Mentioned: Anglogold Ashanti, TechnoPro Holdings, Blackstone, Federal Signal

US equity futures are slightly higher. Asian markets were mixed, and European equities opened lower. Focus stayed on AI and Big Tech weakness after Monday's strength; Federal Reserve Chair Powell reiterated inflation risks remain tilted to the upside, while other Fed officials signaled differing views on the pace of rate cuts; Geopolitics is also in focus after President Trump met with Zelenskiy and later declared Ukraine could retake all occupied territory, Kyiv welcomed remarks as "big shift", though no new US policy measures.Companies Mentioned: Alibaba Group, Nvidia, Lithium Americas, OpenAI

S&P futures are flat. NVIDIA's $100B strategic investment in OpenAI continues to support global sentiment around AI-related growth. Asian markets finished mixed with South Korea outperforming. After a strong bull run in tech stocks, concerns over a liquidity-driven bubble and regulatory oversight have led to a second day of declines in Chinese markets. European equities are firmer in early trades. Companies Mentioned: Boeing, NVIDIA, TSMC, TikTok

S&P futures are down (0.3%) with major tech names edging lower in pre-market trading. Asian equities finished Monday mixed. Japan's Nikkei rebounded after Friday's BOJ-related drop, and the Hang Seng underperformed. Gains were seen in Australia, Taiwan, and South Korea, supported by semiconductor optimism. European benchmarks are mostly softer in early trades. Companies Mentioned: TikTok, Pfizer, Boeing, Comcast

US equity futures are slightly softer. Asia ended mixed, and European equities opened mostly firmer. Focus remained on the Fed's rate cut cycle with markets highlighting the positive historical backdrop for equities despite rate headwinds from longer-dated yields. The September Philly Fed manufacturing index surged well above expectations, while weekly jobless claims normalized from last week's distortions. Headlines also centered on the Nvidia/Intel partnership, Trump's Supreme Court request to fire Fed Governor Cook, and confirmation of a 5-Nov hearing on IEEPA tariffs. Markets also looked ahead to the Trump–Xi call scheduled for Friday where trade, tariffs, and technology were expected to feature.Companies Mentioned: Jefferies Financial Group, SMFG, Altria Group, Philip Morris International, Cracker Barrel

US equity futures pointed higher with the S&P up around 0.5% following the Fed's rate cut. European equity markets were firmer, while Asian equities were mostly higher. The Fed cut rates by 25 bp and signaled another 50 bp of easing this year. Chair Powell flagged labor market slowdown as a supply issue, cautioned inflation risks remain, and emphasized there was no widespread support for a 50 bp cut. Market focus also on political interference concerns. AI trade came under renewed pressure after reports Beijing ordered big tech firms to stop buying Nvidia chips, with Huawei and Alibaba stepping up their domestic chip push.Companies Mentioned: Apple, Alphabet, Walt Disney, Nexstar Media

Ahead of today's FOMC decision, S&P futures are pointing to a flat open. Asian equities ended Wednesday trading mixed, with the Hang Seng surging on strength in internet and technology stocks, while European equity markets are mostly firmer in early trades. Attention is focused on the upcoming Federal Open Market Committee decision, with a 25 basis point rate cut fully priced in. Market reactions may hinge on Fed commentary and the updated dot plot, which will shape expectations for approximately 150 basis points of easing over the next year.Companies Mentioned: Tiktok, Apple

S&P futures are up +0.2% and pointing to a higher open. Markets are also in a holding pattern ahead of key central bank decisions this week, with the Fed widely expected to cut rates by 25 bps on Wednesday and attention on the updated dot plot, while the BOJ is seen holding on Friday. Asian equities were mostly higher today with Japan and Greater China outperforming, and European markets are narrowly mixed in early trades. The US and China reached a framework agreement on TikTok ownership during talks in Madrid. While details remain unclear, discussions include potential licensing of TikTok's algorithm, with Beijing hesitant to fully transfer control to the US. Companies Mentioned: TikTok, Nvidia, Chord Energy, Oracle

US and European futures are slightly higher. Asian equities tilting lower. US 10-year stays at 4.1%, 2- year yield flat to 3.6%. Gilts steady. Dollar softer versus yen, sterling and Aussie. Euro flat. Oil up. Gold down. Industrial metals firmer. Bitcoin gains. US and Chinese officials met in Madrid on Sunday to discuss issues such as trade and TikTok. Follows cautious-leaning press in lead-up to meeting with two sides said to be divided over fentanyl. Beijing's hesitation to cede TikTok's algorithm reportedly sticking point in sale negotiations. China also launched probe into US chips, day after US put more Chinese firms on an entity list. Divisions are seen imperilling likelihood of Trump and Xi summit in Beijing.Companies Mentioned: JD.com, Peraso, Mobix Labs, TikTok

US equity futures are flat. Asia ended broadly higher, and European equities opened mostly firmer. Focus remains on US monetary policy as August CPI showed a hotter headline but core inflation in line, reinforcing expectations for a 25 bp rate cut at next week's Fed meeting; Weekly jobless claims rose to their highest since 2021, adding to signs of labor market softening and helping markets price ~70 bp of cuts through year-end; On trade, the EU is unlikely to impose new tariffs on China and India over Russian crude purchases despite US pressure, though talks continue with Switzerland, Taiwan, and India; Overseas, ECB left rates unchanged, and political headlines included UK PM Starmer facing scrutiny after sacking US ambassador Mandelson, and French opposition leader Le Pen signaling willingness to work with PM Lecornu.Companies Mentioned: PepsiCo, ITC Ltd, +OpenAI, Nvidia, Microsoft