Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
German Industry Employment Falls to Lowest Level in a Decade 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
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.
