Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
Norway Core Inflation Rises to 3% in August 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Gold Prices Rise as Yen Rally Weakens Dollar 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Asian Stocks Mixed as Korean Chipmakers Rally 
German Inflation Accelerates to 2.9% in August 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
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U.S. stock index futures edged lower on Wednesday evening after the Federal Reserve kept interest rates unchanged but warned of rising risks from inflation and economic uncertainty. The move followed modest gains on Wall Street, fueled by a rebound in chip stocks amid signs the Trump administration may ease export restrictions on artificial intelligence chips.
At 19:50 ET (23:50 GMT), S&P 500 futures fell 0.1% to 5,645.75, Nasdaq 100 futures dropped 0.1% to 19,948.75, and Dow Jones futures slipped 0.1% to 41,168.0.
Fed Chair Jerome Powell cited growing concerns over inflation and unemployment, stating the outlook remains unclear due to uncertainty surrounding Trump’s trade tariffs. The Fed is expected to keep a cautious stance, with Powell ruling out any preemptive rate cuts despite pressure from Trump for lower borrowing costs.
Meanwhile, AI chipmakers led a late rally in U.S. stocks after reports indicated Trump may roll back Biden-era export controls on advanced chips. The move would benefit U.S. semiconductor firms by expanding their overseas sales opportunities. Nvidia (NASDAQ: NVDA) gained 3.1% during regular trading, while TSMC (NYSE: TSM) added 1.3% and Intel (NASDAQ: INTC) rose 1.9%.
Despite ongoing concerns about U.S.-China trade talks and the Fed's cautious tone, Wall Street closed higher. The S&P 500 rose 0.4% to 5,631.27, the Nasdaq Composite gained 0.3% to 17,738.16, and the Dow Jones added 0.7% to close at 41,113.97.
Alphabet (NASDAQ: GOOGL) lagged behind, pressured by reports that Apple (NASDAQ: AAPL) may integrate AI-powered search into its browser, posing new competition for Google’s core business.
