Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
U.S. stock futures rose slightly on Sunday evening, extending Wall Street’s upbeat momentum after a strong October driven by optimism around artificial intelligence, robust corporate earnings, and easing U.S.-China trade tensions.
As of 19:30 ET (00:30 GMT), S&P 500 futures climbed 0.3% to 6,896.50 points, Nasdaq 100 futures gained 0.4% to 26,107.0, and Dow Jones futures edged up 0.3% to 47,846.0.
The positive trend followed a strong close to October, where the S&P 500 advanced 2.3%, marking its sixth consecutive monthly gain. The Nasdaq Composite surged 4.7% during the month, while the Dow Jones Industrial Average added 2.5%. Market confidence was fueled by renewed enthusiasm for AI innovation and better-than-expected earnings from major tech firms.
Amazon.com (NASDAQ:AMZN) rallied nearly 10% after strong cloud division growth and an upbeat forecast. Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), and Meta Platforms (NASDAQ:META) also posted solid gains after reporting robust quarterly results, reinforcing investor faith in the technology sector’s resilience.
Adding to the optimism, the Federal Reserve cut its benchmark interest rate by 25 basis points to 3.75%–4.00%, its first reduction in months. Although Chair Jerome Powell cautioned that future cuts are uncertain, markets viewed the move as a positive sign of support for economic growth amid moderating inflation.
Investor sentiment was further lifted by signs of easing trade friction between Washington and Beijing. Presidents Donald Trump and Xi Jinping agreed to scale back certain tariffs and delay export restrictions, signaling progress in U.S.-China relations.
Looking ahead, traders are watching upcoming corporate earnings from major firms including Advanced Micro Devices (NASDAQ:AMD), Palantir Technologies (NASDAQ:PLTR), Qualcomm (NASDAQ:QCOM), Uber Technologies (NYSE:UBER), and McDonald’s Corporation (NYSE:MCD), which could provide key insights into tech and consumer sector performance.
