U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
This week is relatively less risk heavy compared to last week when FOMC announced monetary policies. For this week, more stress is on political events.
What to watch for over the coming days:
- Trump-Clinton dual:
Monday is the day of first Presidential debate to be held in New York. About 100 million Americans are expected to tune in and the number would even be larger when considered globally. It is not only expected to be widely watched but widely decisive as well. Both candidates would try their best to make the best case for undecided voters. The winner would surely hold an edge over the other in the general election.
- OPEC meeting:
The much awaited informal OPEC meeting that would be held on the sidelines of IEA’s biennial meeting in Algeria is scheduled for this week. There is a possibility that the OPEC producers and Russia could agree to a production cap. Saudi Arabia has signaled that it would support such initiative if Iran joins the party. Iran has said that it would support any initiative if it helps the oil to stay above $50 per barrel. If a general consensus is reached, there could be a formal agreement in the November meeting. The meeting is set from 26th to 28th September.
- FED speakers:
Several Fed speakers are scheduled for the week, including chair Janet Yellen. Yellen is scheduled to testify before the Committee on Financial Services, U.S. House of Representatives on Wednesday and speak in a moderated conversation at the Kansas City Fed’s minority banking forum. Other notable speakers throughout the week include St. Louis Fed president James Bullard, Cleveland Fed president Loretta Mester, Fed governor Jerome Powell, and Kansas City Fed president Esther George, all voting members of FOMC.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
