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 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
U.S. stock index futures slipped Tuesday evening after the Senate rejected a Republican-backed spending bill, raising the likelihood of a government shutdown starting at midnight. The political standoff, centered on healthcare and insurance subsidies, ended in a 55-45 vote against the measure, which required 60 votes to pass.
S&P 500 Futures dropped 0.3% to 6,717.50, Nasdaq 100 Futures slid 0.4% to 24,805.50, and Dow Jones Futures eased 0.2% to 46,572.00 by 20:17 ET (00:17 GMT). The decline came shortly after hawkish remarks from Dallas Federal Reserve President Lorie Logan, who signaled caution over potential interest rate cuts.
The futures’ losses followed a strong Wall Street session earlier in the day. The Dow Jones Industrial Average closed at a record high, rising 0.2% to 46,397.89. The S&P 500 gained 0.4% to 6,688.44, while the Nasdaq Composite added 0.3% to 22,660.01. Optimism surrounding artificial intelligence demand bolstered technology stocks, helping markets brush off shutdown concerns. However, airline stocks retreated on fears of disruption.
For the third quarter, U.S. markets posted notable gains. The S&P 500 advanced 7.8%, the Nasdaq jumped 11.2%, and the Dow climbed 5.2%, with all three indexes hitting record levels during the period.
While government shutdowns historically have had limited long-term effects on stock markets, they disrupt economic activity and could impact the labor market if federal layoffs expand. The shutdown is also expected to delay the release of crucial U.S. nonfarm payrolls data scheduled for Friday, adding to uncertainty for investors.
Political tensions intensified as President Donald Trump threatened further federal job cuts in response to the impasse. With no resolution in sight, traders are bracing for short-term volatility even as enthusiasm for AI-driven growth continues to lend support to equities.
