FactSet U.S. Daily Market Preview

US equity futures point to a mixed open, with Asian markets mostly lower and European equities trading slightly higher. Today focus is on continued risk aversion in US equities. Moreover, the global rate backdrop remains a headwind as markets digest a hawkish tilt in central bank expectations, with investors increasingly focused on upcoming US inflation data and jobless claims for confirmation on whether policy easing can resume next year. In addition, corporate developments remained in focus as Micron guided above expectations and lifted medium-term capital expenditure plans tied to HBM demand, offering selective support to memory-related names but failing to offset broader concerns around AI monetization, positioning fatigue, and elevated valuations.Companies Mentioned: OpenAI, Warner Bros. Discovery, lululemon athletica

S&P futures are pointing to a higher open today. Asian equities ended Wednesday trading mixed, with tech-driven gains in China and South Korea offsetting weakness in Japan and Australia. European markets are higher, led by the FTSE100, which is currently up +1.3% on strength in banks, homebuilders, and energy stocks. Companies Mentioned: Warner Bros. Discovery, Paramount, Tesla, Apple, Alphabet, Amazon

S&P futures are down (0.4%) and pointing to another lower open today. Focus is on the nonfarm payrolls and unemployment figures scheduled to release later today. Asian equities ended Tuesday with sharp losses from Japan and Hong Kong. Technology-oriented benchmarks bore the brunt of the selloff, as concerns over AI valuations and weaker regional currencies weighed heavily on sentiment. Australia, India, and Singapore saw more modest declines, while Southeast Asia outperformed slightly but also ended lower. European markets are narrowly mixed. Weakness in technology stocks and defense contractors is offset by slight gains in financials and consumer staples. Companies Mentioned: Nasdaq, Magnum Ice Cream, Generation Bio

US futures edging higher at start of final full trading week of the year. European stocks opened higher and Asian equities are weaker. Treasury yields down 2 bps along curve while JGBs little changed. Dollar is strongest against kiwi after RBNZ governor's comments, while yen firmed against all majors. Crude and gold both higher. Bitcoin strengthening. Europe faces pivotal week as it works on Ukraine peace plans and attempts to reach loan agreement on funding Kyiv's war effort. Ukraine President Zelenskyy reiterated that ceasefire between Ukraine and Russia along current frontlines would be fair, but not Russia's demand for parts of Donetsk and Luhansk that Ukraine still holds. In a bid to reach ceasefire agreement Zelenskyy dropped bid for NATO membership in favor of similar security guarantees from US and European allies.Companies Mentioned: ServiceNow, Intel, SK Telecom

US S&P futures slightly firmer but Nasdaq lower. European opened with modest gains and Asian's broadly higher. Bond yields mixed. US 10-year up 2 bps at 4.2%. Gilts off 1 bps at 4.5% after soft UK data. Dollar slightly firmer versus yen and sterling, softer elsewhere. Oil up. Gold edges higher. Industrial metals mixed. Bitcoin gains. Economists are aligning views with ECB Executive Board member Schnabel that next move in rates is likely to be a hike. Bloomberg survey of economists showed 60% of respondents think the ECB is more likely to raise rates than lower them, which is a meaningful shift from October when only a third shared that outlook. However, rate hikes will not likely come anytime soon with the majority expecting deposit rate to remain at 2% for the next two years. Rationale for extended period of unchanged policy is the improving macro backdrop.Companies Mentioned: Destination XL Group, Citigroup, Warner Bros. Discovery, Paramount Skydance

US equity futures point to a weaker open, with Asian markets mostly lower and European equities trading softer. Today's focus is the Fed's 25 bp rate cut, which came with three dissents. Powell emphasized policy is now within the broad neutral range and that the Fed is well positioned to wait, while the balance-sheet decision was viewed as supportive for risk sentiment. Market attention also remains on the ongoing global hawkish shift, with recent ECB commentary reinforcing expectations for the next move to be a rate increase. Moreover, AI remains in focus ahead of updates from Oracle, Broadcom, and OpenAI, alongside continued headlines on power-infrastructure demand. Finally, geopolitical developments are in focus after the US seized a Venezuelan oil tanker and tensions escalated across multiple Asian borders.Companies Mentioned: Ball Corp, Perimeter Solutions, TPG Inc.

S&P futures are slightly higher, up +0.1%, as investors await the Fed policy decision later today. Markets are largely pricing in a 25 bps rate cut, though analysts suggest the possibility of a hawkish cut, where the Fed could signal a higher threshold for further rate reductions through adjusted language. Multiple dissents are anticipated, reflecting both hawkish and dovish views within the committee. The dot plot is expected to remain unchanged, indicating 25 bps cuts projected for 2026 and 2027 respectively. Asian equities were mostly softer today, with modest losses seen in Japan, Korea, and Mainland China. European markets are also trading lower, with the German DAX leading losses. Companies Mentioned: Paramount, Netflix, Warner Bros. Discovery, Uber, SpaceX

US equity futures point to a slightly firmer open, with Asian markets mostly weaker and European equities trading marginally higher. Today focus is on mounting speculation around a hawkish Federal Reserve rate cut at this week's FOMC meeting, driving a reassessment of the pace of easing beyond December. Trade policy is also in focus after President Trump confirmed the US will permit Nvidia to export H200 chips to China in exchange for a tariff reduction, while signaling similar treatment for other US chipmakers and simultaneously threatening new tariffs on Mexico, India and other trading partners. In equities, sentiment remains fragile after Monday's sell-off in US stocks, with pressure on tariff-exposed sectors, rising concern around higher-for-longer rates, ongoing AI-related disruption headlines, and continued attention on M&A activity and positioning after a strong two-week rebound.Companies Mentioned: PepsiCo, Carlyle Group, Hogy Medical, Coupang

US equity futures point to a slightly firmer open, while Asian markets trade mixed and European equities edge lower. Today's focus is on the Federal Reserve ahead of Wednesday's meeting, with a twenty-five basis point rate cut widely expected but rising attention on the risk of a more hawkish message that could limit the path for further easing; Trade developments remain in focus after US officials signaled progress in talks with China over the weekend and prepared for negotiations with India, while France warned of potential tariffs linked to Europe's trade imbalance with China; Investors are also watching AI- and technology-related developments closely, as upcoming earnings and product announcements continue to drive sector rotation and volatility beneath relatively stable headline indices.Companies Mentioned: IBM, Confluent, Boeing, Spirit AeroSystems, Netflix, Warner Bros

S&P futures are up +0.2% and pointing to a slightly higher open today. Asian equities ended mixed on Friday. Japan's Nikkei gave up half of Thursday's strong gains, South Korea's Kospi led regional gains, and China markets posted modest increases. European markets are trending higher, with major benchmarks all advancing and the German DAX leading. Companies Mentioned: Netflix, Warner Brothers Discovery, ITT Inc, Baidu

S&P futures are pointing to a flat open today. Asian equities ended today's session mixed, with Japan's Nikkei up 2% on strong tech performance, while mainland China and South Korea lagged. Following a flat session on Wednesday, European markets are mostly higher, with the German DAX leading the gains. Companies Mentioned: Netflix, Warner Brothers Discovery, Meta, Constellation Energy

US equity futures point to a slightly firmer open, with Asian markets mixed and European equities trading marginally higher. US markets digested a fresh wave of AI disruption headlines as Intel moves to supply Apple with advanced chips and Amazon promotes its Trainium3 AI chip as cheaper and more efficient than Nvidia's alternatives; Nvidia flagged potential upside to five hundred billion dollars in Blackwell and Rubin bookings while Marvell guided for accelerated growth in custom AI chips and confirmed the acquisition of Celestial AI; On the other hand, consumer resilience theme seems to have found some additional support from strong Cyber Monday sales; Also, Cryptocurrencies staged a sharp rebound led by Bitcoin after a steep early-week selloff, improving near-term risk sentiment while the market continues to price a high probability of a December Federal Reserve rate cut.Companies Mentioned: ServiceNow, Medline, Warner Bros. Discovery

S&P futures are pointing to a flat to slightly higher open today. Asian equities traded mixed, with South Korea leading the region on positive trade news, while mainland China underperformed. European markets are firmer following a weak Monday session. Companies Mentioned: Amazon, Blackstone, Warner Bros. Discovery, Marvell Technology

US equity futures trending lower with S&P 500 down a little. Asia equities ended mixed while Europe opened with declines. Treasury yields higher. Gilts add 3 bps to 4.5%. Bund 3 bps firmer at 2.7%. Dollar softer versus yen and euro, firmer elsewhere. Oil gains, with WTI crude around 2% higher. Gold firmer. Industrial metals higher. China official manufacturing PMI inched up to 49.2 in November from 49.0 in prior month, in-line with consensus. Underlying components showed improvement with output swinging back to neutral. New orders and new export order declines narrowed amid stabilization in domestic and external demand. Pricing measures indicative of ongoing margin pressures with raw material costs quickening. Non-manufacturing PMI fell to 49.5 from 50.1 and below consensus 50.0, marking first contractionary read since China came out of Covid lockdowns in late 2022.Companies Mentioned: UnitedHealth Group, Netflix, Warner Bros, BlackRock, Brookfield, Apollo

S&P futures are trending slightly higher following the Thanksgiving holiday. We note that the U.S. markets will close early today at 1 PM Eastern Time. Asian markets ended mixed in quiet trading on Friday. Nikkei edged higher, while the Hang Seng closed marginally lower. Mainland China saw modest gains, and South Korea's Kospi fell sharply due to weakness in chip stocks. European markets are flat to mixed, following firmer levels on Thursday. Companies Mentioned: Jefferies Financial, Getty Images, Baidu

US equity futures point to a firmer open after Tuesday's gains. Asian markets traded broadly higher, while European equities also opened firmer. US consumer confidence fell sharply in November, missing expectations and hitting a seven-month low, while September retail sales also came in softer than forecast, reinforcing concerns about slowing consumer momentum; Markets turned more dovish on policy after mixed US data, with expectations for a December rate cut from the Federal Reserve rising above 80%, alongside comments from Fed officials favoring meaningful easing; Bloomberg reported that Kevin Hassett has emerged as the leading candidate to replace Jerome Powell as Fed chair, adding to the dovish policy narrative.Companies Mentioned: Pershing Square Capital Management LP, Warner Bros. Discovery, Netflix, Venture Global, Shell

S&P futures are pointing to a flat to slightly lower open today. Fed Funds Futures now show an 81% chance of a December rate cut, up from 70% yesterday, following dovish remarks from Fed Governor Waller. Asian markets ended mostly higher on Tuesday, extending Monday's momentum. Japan closed flat while Greater China markets, Korea, and Australia all posted modest gains. European markets are narrowly mixed, with the STOXX 600 up +0.2% and the FTSE 100 flat.Companies Mentioned: Google, Spotify, Global Business Travel Group

US equity futures are firmer with S&P up 0.7%. European equity markets are firmer and Asian markets mostly higher. For US, bonds are steady to firmer after rallying last week. US 10-year at 4.1%. Gilts 2 bps lower at 4.5%. Dollar is firmer versus yen, sterling and Swiss franc, slightly softer versus euro and Aussie. Oil down. Gold lower. Industrial metals mixed. Bitcoin firmer.Companies Mentioned: SITE Centers, Stellantis, Blue Owl Capital, Nvidia

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