Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
U.S. stock index futures rose slightly on Sunday evening, as investors monitored ongoing bipartisan negotiations aimed at preventing a government shutdown later this week. The modest gains followed a positive Friday session on Wall Street, where inflation data in line with expectations boosted bets on at least two more Federal Reserve interest rate cuts this year. Still, the S&P 500 ended its three-week winning streak, pressured by weakness in technology stocks.
By 19:25 ET (23:25 GMT), S&P 500 Futures rose 0.1% to 6,704.0, Nasdaq 100 Futures added 0.1% to 24,761.25, and Dow Jones Futures climbed 0.1% to 46,606.0.
The focus now turns to U.S. lawmakers as funding for government operations is set to expire at midnight on September 30. Republicans are advocating a short-term stopgap funding bill through November, while Democrats insist on reversing recent cuts to healthcare and Medicaid. Congressional leaders from both parties are scheduled to meet President Donald Trump on Monday to hammer out a resolution. Trump expressed optimism, telling Reuters he believed Democrats were willing to reach an agreement.
A government shutdown could delay the release of Friday’s crucial labor market report and, if prolonged, risk disrupting other economic data and broader economic activity. The last major shutdown, lasting 35 days between late 2018 and early 2019, was estimated by the Congressional Budget Office to have reduced GDP by about $11 billion.
On Friday, Wall Street gained after the PCE price index, the Fed’s preferred inflation gauge, showed expected results for August. The data suggested that Trump’s tariffs did not trigger as sharp a rise in inflation as feared, reinforcing market expectations for further monetary easing. According to CME FedWatch, traders now price a 90.8% chance of a 25 basis-point rate cut in October and a 63.8% chance of another cut in December.
The S&P 500 closed Friday up 0.6% at 6,643.70, the Nasdaq Composite rose 0.4% to 22,484.07, and the Dow Jones added 0.7% to 46,247.29. However, all three indexes ended the week lower, retreating from recent record highs amid tech-driven losses.
