Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
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.
