FactSet U.S. Daily Market Preview

S&P futures is up +0.2% and pointing to a higher open today. Asian equities closed broadly higher Tuesday. SK Hynix has emerged as the exclusive supplier of HBM chips for Microsoft's Maia 200 AI chip, driving outsized gains in South Korea's markets. Japan's Nikkei was also higher on strength in exporters, while the Hang Seng led Greater China market gains. European markets are also higher in early trading. Companies Mentioned: Meta, SK Hynix, Ford, General Motors

US equity futures firmer with S&P pointing slightly up. US two and ten-year yields both down. Dollar is mostly weaker with biggest move versus yen. Oil up. Gold extends to new record high above $5k/oz. Silver above $100. Industrial metals mostly higher. Bitcoin lower. In latest trade developments, President Trump threatened 100% tariffs on Canada if it makes deal with China. Trump is unclear on the deal he is referring to, though follows PM Carney's recent visit to China where he and Xi agreed to tariff concessions on China EVs and Canada agricultural products. Market is mostly ignoring Trump's latest tariff threat. Meanwhile, sources said India plans to reduce tariffs on Europe auto imports to 40% from as much as 110%, as part of free trade deal that could be announced as soon as Tuesday. UK PM Starmer is leading a delegation of business leaders in Beijing trip this week to enhance trade relationship.Companies Mentioned: Merck, Revolution Medicines, USA Rare Earth, SoftBank Group

US equity futures point to a firmer open following a higher close on Thursday, with Asian markets mostly higher and European equities trading narrowly firmer. US equities extended gains as risk sentiment continued to improve after President Trump further softened his stance on Greenland, reinforcing the recent de-escalation narrative and supporting cyclicals and small-caps. Market attention remains on US macro momentum and the Federal Reserve outlook, with investors digesting firm labor market signals, resilient consumption trends, and a flatter expected rate-cut path for 2026. Precious metals remained in focus as gold and silver pushed to new highs amid a weaker dollar and continued demand for hedges, while energy prices retreated as geopolitical risk premia eased.Companies Mentioned: CK Hutchison Holdings, Amazon, Warner Bros Discovery, Netflix, Paramount Skydance

US equity futures point to a firmer open following a strong rebound in the prior session, with Asian markets ended mostly higher and European equities trading solidly firmer. Today focus is on improving risk sentiment after President Trump stepped back from the threat of EU tariffs tied to Greenland, easing fears of an immediate US-EU trade escalation and supporting a broad rebound in equities. Markets are also responding to renewed optimism around the AI theme after bullish comments from Nvidia's CEO on the scale of future infrastructure investment and reports of OpenAI pursuing a large new funding round. Attention remains on the macro and policy backdrop, with investors monitoring upcoming US payrolls data, the timing of a Supreme Court ruling on IEEPA tariffs, and growing debate around the Fed's rate path as markets price fewer cuts for the year.Companies Mentioned: Alibaba Group, Warner Bros. Discovery, Yelp

S&P futures are up +0.4% and pointing to a higher open today following Tuesday's plunges. Asian equities closed mostly lower on Wednesday, though losses were more contained. Japan was weighed down by financials amid concerns over unrealized JGB losses. Greater China markets performed better, and South Korea's Kospi also ended higher, driven by tech and semiconductor strength. European markets are trading lower as markets remain cautious due to lingering trade tensions. Companies Mentioned: Energy Fuels, GameStop, Community Health Systems

S&P 500 future is down (1.7%) and Nasdaq 100 future is down (2%) as of now, both pointing to a sharply lower open today, as geopolitical tensions and tariff concerns continue to mount. Asian equities ended mostly lower on Tuesday with Japan leading the declines. European markets also opened broadly lower with major benchmarks down over 1%.Companies Mentioned: Viiv Healthcare, Ardelyx, Rapt Therapeutics, Google

US equity futures point to a modestly firmer open. Asian markets were mixed, while European equities were trading lower. Today's focus is on improving sentiment around AI and select cyclicals, with strong results and capex guidance from TSMC underpinning semiconductors and AI-linked names, while investment bank earnings provided support for financials. At the same time, oil retreated as geopolitical risk premiums faded after President Trump signaled he would hold off on Iran strikes, easing pressure across energy markets. Meanwhile, firmer US economic data and upbeat regional manufacturing surveys reinforced the narrative of economic resilience, prompting a backup in short-end yields and keeping expectations for rate cuts in 2026 more restrained, even as Fed officials continued to strike a cautious but broadly balanced tone on inflation and growth.Companies Mentioned: Ford Motor, JPMorgan Chase, Ferrari

US equity futures point to a steadier open. Asian markets traded mixed overnight, while European equity opened mixed. Today's focus is on a rotation away from mega-cap technology toward small caps, cyclicals, and defensives, with breadth improving as equal-weight indices outperformed despite headline index weakness. Bank earnings for a second day failed to impress, reinforcing pressure on money-center banks, while ongoing volatility was driven by mixed macro signals, geopolitical uncertainty around Iran and Venezuela, and continued scrutiny of housing affordability and defense spending from the White House. Policy remains a key theme as Fed officials delivered mixed messages on the timing of further easing, data showed resilient consumer demand alongside softer labor-market indicators, and markets continued to wait on a US Supreme Court decision related to tariff authority, alongside renewed attention on recently announced tariffs on advanced semiconductor imports not tied to domestic AI use.Companies Mentioned: Nvidia, Calavo Growers, Coca-Cola

S&P futures are down (0.2%) and pointing to a slightly lower open today. Asian equities ended mostly higher on Wednesday. Japan's Nikkei surged on election speculation and yen weakness, while Greater China markets traded mix as Chinese authorities moved to raise margin finance ratios, dampening enthusiasm. European markets continue to advance in early trading. Companies Mentioned: Apple, Qualcomm, Genco Shipping, Cerebras Systems

S&P futures are pointing to a flat open today, as markets brace for December CPI data and the kickoff of earnings season with major banks reporting. Asian equities ended mostly higher on Tuesday. Japan's Nikkei surged over +3%, driven by snap election speculation and yen weakness. Australia and Taiwan also posted gains, while Thailand was the only major market to close lower. European markets are mixed with the STOXX 600 hitting a fresh all-time high. The CAC is weighed by political uncertainty in France. Companies Mentioned: TSMC, NVIDIA, Lululemon

S&P futures are down (0.7%) and pointing to a lower open today. Asian equities ended Monday trading broadly higher. Mainland China and Hong Kong technology stocks led the rally after policy announcements supported several sectors. Australia and Taiwan also posted gains, while Thailand was the only major market to close lower. European markets are mostly lower in early trading. The Sentix investor confidence index for the Eurozone, due today, will provide insight into early 2026 sentiment, though caution persists following a downward trend at the end of 2025. Companies Mentioned: Warner Bros. Discovery, Sun Country Airlines, Prudential Financial, AT&T, Verizon

US equity futures point to a flat open ahead of key payrolls risk, with Asian markets mostly higher and European equities trading firmer. Today focus is on elevated event risk ahead of Friday's US payrolls report, a potential Supreme Court ruling on IEEPA tariffs as soon as Friday, and the start of Q4 earnings next week led by major banks. Defense stocks outperformed following renewed discussion of a 50% increase in Pentagon spending, reinforcing a broader pro-cyclical rotation away from mega-cap technology. In addition, reports that China may approve limited Nvidia H200 chip imports as early as Q1 are being monitored alongside ongoing rare-earth and export-control tensions, while markets also remain focused on the Fed chair nomination timeline and the US 10-year yield approaching the 4.2% level.Companies Mentioned: Warner Bros. Discovery, Paramount, Boeing, Strava, Inc.

US equity futures point to a softer open, with Asian markets generally weaker and European equities narrowly mixed. Today's focus is on a pause in the recent pro-cyclical rally as geopolitical risks and upcoming event risk weigh on sentiment. Energy and financials underperformed amid renewed uncertainty around Venezuela developments, while Trump's social media comments on restricting institutional housing investment and curbing defense-sector buybacks added to sector-specific volatility. Moreover, macro data sent mixed signals, leaving Fed expectations broadly unchanged. Investors are now looking ahead to Friday's payrolls report, the pending Supreme Court ruling on Trump tariffs, and the next round of earnings and policy decisions as near-term catalysts.Companies Mentioned: Nvidia, Chevron, Eli Lilly, Ventyx Biosciences

US equity futures mixed with S&P down 0.1%, following Tuesday's gains, which saw new ATH for Dow and S&P logged its first fresh record close since 24-Dec. Bonds firmer. US 10-year yields down, 2-year flat. Dollar is little changed. Oil down. Gold lower. Industrial metals mixed. Bitcoin is softer. Elsewhere, European equity markets are mostly firmer and Asia's are mixed. Sentiment remains bullish. More sell-side commentary are on Tuesday talking up valuation argument for European stocks. In addition, underlying resilience in macro backdrop another supportive factor. AI-narrative into the new year has focused on the positives rather than the risks. Geopolitical environment is febrile, yet implications for equity markets appear limited for now. President Trump said on social media that Venezuela will send 30-50M barrels of oil to US at market prices and proceeds to be controlled by Trump.Companies mentioned: Lukoil, Mobileye Global, Meta Platforms, Chevron

US equity futures firmer with S&P pointing up. US yield down on both short and long ends. Gilts up, dollar is softer, oil is down, gold up. Industrial metals higher. Bitcoin extends recent move back. Asia equities ended mostly higher again Tuesday and European equity markets are mostly firmer, following Monday's positive close. Market is looking through recent geopolitical developments. Strength in cyclicals, tech gains and resource stocks supporting regional equity markets. Defense stocks benefiting from geopolitics and ongoing push across Europe to ramp up defense spending. In general, sentiment positive, with leading benchmarks have been extending to new record highs on Monday. Sell-side remains optimistic on outlook amid stable macro picture, better earnings expectations.Companies mentioned: NVIDIA, Hyundai Motor

US equity futures point to a positive open today, with Asian markets broadly higher and European equities trading mostly firmer. Focus is on the heightened geopolitical tensions after American forces abducted Venezuelan President Nicolas Maduro. Potential systematic moves largely revolve around crude oil. The longer term price outlook seems skewed to the downside. Asia equities set Venezuela developments to one side and continued their AI-inspired rally, while focus in Europe is on oil companies.Companies mentioned: Cisco Systems, L3Harris Technologies, Paramount Skydance, Warner Bros Discovery

US equity futures point to a firmer open, with Asian markets broadly higher and European equities trading mostly firmer. Today focus is on continued pressure in US equities after the S&P 500 and Nasdaq fell for a fourth straight session, even as markets closed out 2025 with double-digit annual gains; Attention also remains on the US macro backdrop after initial jobless claims came in below consensus, reinforcing views of a still-resilient labor market and shaping expectations for the Fed's rate-cut path in 2026; Moreover, investor sentiment is weighing fading year-end seasonal support against longer-term positives, with markets now looking ahead to early-January ISM, labor market data, and broader confirmation of growth momentum.Companies Mentioned: Apple, Critical Metals

S&P futures are pointing to a flat open today ahead of data on durable goods orders and Q3 GDP updates. Asian equities ended mostly higher on Tuesday, though momentum faded in afternoon trade. Japan's Nikkei was flat, while the Topix saw modest gains. Greater China markets were narrowly mixed. European markets are modestly higher in early trades.Companies Mentioned: NVIDIA

US equity futures point to a modestly firmer open, while Asian markets traded broadly higher and European equities edged up. Today focus is on disinflation momentum and central bank cross-currents, after a softer-than-expected US core CPI reinforced the dovish Fed narrative and helped drive a rebound in technology and AI-linked stocks; Attention remains on Japan after the Bank of Japan delivered a widely expected rate hike while maintaining accommodative guidance, weakening the yen and pushing JGB yields above 2%; AI sentiment remains a key driver following Micron's upbeat outlook and renewed optimism around AI funding and capex, even as markets continue to reassess the durability and monetization path of the AI trade.Companies Mentioned: OpenAI, TikTok, NVIDIA

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