U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
U.S. stock futures slipped Tuesday evening as investors digested signs of easing trade tensions, soft economic data, and awaited major corporate earnings. S&P 500 futures fell 0.2% to 5,571.75, while Nasdaq 100 futures dropped 0.4% to 19,561.75. Dow Jones futures remained flat at 40,653.00.
Markets ended higher earlier in the day, buoyed by optimism around U.S. trade policy. President Trump signed two executive orders providing tax credits and tariff relief for auto parts, just before new 25% duties were set to take effect. The move followed a Michigan visit and comes amid broader negotiations. Adding to the positive sentiment, Commerce Secretary Howard Lutnick told CNBC the U.S. is nearing a significant trade deal.
The Dow gained 0.8%, while the S&P 500 and Nasdaq both rose 0.6%. Still, market sentiment remained cautious, with volatility persisting as traders awaited more concrete progress on trade talks.
Economic data released Tuesday showed consumer confidence falling to its lowest since May 2020, signaling concerns over the economy. Job openings (JOLTS) also fell to 7.192 million in March, below the prior 7.48 million. Investors are now focused on upcoming key reports, including the Federal Reserve’s preferred inflation gauge—the PCE price index—and Friday’s U.S. jobs report. First-quarter GDP data is also due this week.
On the earnings front, Coca-Cola rose 0.8% despite a revenue decline. Spotify tumbled 3% after issuing weak user guidance, and UPS dipped 0.5% even after beating estimates. Market attention is now on upcoming results from tech giants including Microsoft, Meta (reporting Wednesday), and Apple and Amazon (Thursday).
This week, roughly one-third of S&P 500 companies are scheduled to report earnings, keeping investors on edge.
