Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
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 Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
U.S. stock futures were largely unchanged Wednesday evening as Wall Street looked ahead to Thursday’s consumer price index (CPI) report, which could solidify expectations for a Federal Reserve interest rate cut next week.
S&P 500 Futures edged up 0.1% to 6,545.75, Nasdaq 100 Futures gained 0.1% to 23,894.0, while Dow Jones Futures traded flat at 45,552.0. The steady performance came after the S&P 500 and Nasdaq closed at record highs, lifted by a massive surge in Oracle shares and cooling inflation data.
Oracle (NYSE:ORCL) jumped 36% on strong demand for its cloud infrastructure and AI services, sparking a rally across AI-related tech names, including Nvidia (NASDAQ:NVDA), AMD (NASDAQ:AMD), and Broadcom (NASDAQ:AVGO). Meanwhile, the Dow slipped 0.5%, weighed down by weaker components.
Markets were buoyed by softer-than-expected producer price index (PPI) data. August PPI declined 0.1% month-over-month and rose 2.6% year-over-year, well below forecasts. The report fueled hopes that the Fed could begin its rate-cut cycle with a quarter-point reduction at its September 17 meeting.
Investors are now focused on Thursday’s CPI release. Economists expect headline inflation to rise 0.3% month-on-month and 2.9% year-on-year, while core CPI is forecast at 0.2% monthly and 3.2% annually. The data will be key in shaping the Fed’s next move.
Elsewhere, Synopsys (NASDAQ:SNPS) plunged 36% after missing earnings expectations, driven by weakness in its Design IP segment and disruptions tied to China export restrictions. The drop nearly erased the stock’s 2025 gains.
Looking ahead, market attention will turn to earnings from Kroger (NYSE:KR) and Adobe (NASDAQ:ADBE), both scheduled to report Thursday.
