Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
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 Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
U.S. stock futures climbed on Sunday evening, continuing last week’s rally as optimism grew over a potential Federal Reserve rate cut and signs of progress in U.S.-China trade talks. S&P 500 Futures advanced 0.7% to 6,873.75 points, Nasdaq 100 Futures rose 0.9% to 25,726.75 points, and Dow Jones Futures gained 0.6% to 47,676.0 points by 19:54 ET (23:54 GMT).
All three major indexes—the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite—closed at record highs on Friday, with respective gains of 1%, 0.8%, and 1.2%. Investor sentiment strengthened after U.S. inflation data showed consumer prices cooled more than expected in September, fueling expectations that the Federal Reserve will cut interest rates at its upcoming two-day policy meeting ending October 29. Analysts from ING project a 25-basis-point cut next week, followed by another in December and additional easing in early 2026.
Optimism also grew after U.S. and Chinese officials reportedly reached a “framework understanding” on trade at the ASEAN Summit in Kuala Lumpur. Treasury Secretary Scott Bessent confirmed both nations agreed to postpone new tariffs and pause China’s planned rare earth export restrictions. The development sets the stage for President Donald Trump and Chinese President Xi Jinping to finalize an agreement later this week.
“I think we’re going to have a deal with China,” Trump said Sunday, signaling an end to prolonged trade tensions that have weighed on global markets.
Meanwhile, investor attention is turning to big tech earnings, with Microsoft, Meta, and Alphabet reporting on Wednesday, followed by Apple and Amazon on Thursday. Traders are watching closely for insights into AI investments, cloud computing demand, and consumer spending trends—all key factors that could shape the next market rally.
