Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
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 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
U.S. stock index futures rose slightly on Tuesday evening after Federal Reserve Chair Jerome Powell’s cautious remarks and disappointing business activity data reignited concerns about economic growth. The modest uptick came after Wall Street’s negative session, where technology stocks led losses following weeks of artificial intelligence-driven gains.
Micron Technology (NASDAQ: MU) delivered stronger-than-expected quarterly results, boosting sentiment in the semiconductor sector. However, the stock gained only marginally in after-hours trading. By 19:20 ET (23:20 GMT), S&P 500 Futures were up 0.1% to 6,718.75, Nasdaq 100 Futures also added 0.1% to 24,849.25, while Dow Jones Futures remained flat at 46,654.0.
Investors remained on edge over a possible U.S. government shutdown as bipartisan negotiations over a spending bill showed little progress, with just over a week before funding runs out.
Powell’s comments further pressured markets. He emphasized that the Fed faces “no risk-free path” in managing inflation and labor market weakness. Speaking in Rhode Island, Powell noted that while U.S. growth has slowed and the labor market cooled, inflation remains above the Fed’s 2% target. He stressed a cautious, data-dependent approach to interest rate cuts, warning against moving too aggressively. The Fed cut rates by 25 basis points last week, with markets still pricing in at least two more cuts in 2025.
His remarks also dampened hopes for further easing, while pointing out that stock valuations appear “fairly highly valued.” This sparked profit-taking in mega-cap tech, with Nvidia dropping 2.8% and Apple sliding 0.6%. Weak September PMI data also raised concerns about slowing growth across manufacturing and services.
The S&P 500 closed down 0.6% at 6,656.96, the Nasdaq Composite fell 1% to 22,573.47, and the Dow slipped 0.2% to 46,292.78.
Markets now await Thursday’s final Q2 GDP data and Friday’s PCE price index, the Fed’s preferred inflation gauge. Both readings are expected to shape expectations for future interest rate decisions.
