Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
U.S. stocks climbed Wednesday, driven by renewed interest in technology shares as the S&P 500 gained 0.4%, the Dow Jones Industrial Average rose 0.5%, and the NASDAQ Composite advanced 0.7%. Investors piled into major tech names following recent pullbacks, even as the Supreme Court began hearings on former President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs.
Advanced Micro Devices (NASDAQ: AMD) helped lead the rebound, cutting early losses to trade more than 2% higher after reporting strong sales and profit growth from its AI chip division. In contrast, Pinterest (NYSE: PINS) plunged after issuing weak revenue guidance, raising concerns about a slowdown in digital advertising. Among other notable movers, McDonald’s (NYSE: MCD) gained on stronger-than-expected U.S. same-store sales, while Novo Nordisk (NYSE: NVO) slipped 1% after trimming its full-year outlook. Humana (NYSE: HUM) dropped sharply following disappointing earnings and a reduced profit forecast due to rising medical costs.
Despite worries about overvalued tech stocks, earnings season has largely impressed — roughly 82% of the 360 S&P 500 companies reporting so far have beaten Wall Street expectations, according to FactSet. Still, analysts warn that the rally driven by the “Magnificent Seven” tech giants could be nearing exhaustion. Sean Peche of Ranmore Fund Management cautioned that “lofty valuations” make strong long-term returns unlikely.
On the economic front, the ADP employment report showed private payrolls rising by 42,000 in October, signaling labor market resilience amid ongoing uncertainty. Meanwhile, as Trump’s tariff powers face scrutiny in the Supreme Court, early reactions suggest skepticism toward executive authority under the IEEPA. A ruling against Trump could force the U.S. to repay roughly $90 billion in tariff revenue — a decision with far-reaching implications for trade and economic policy.
