OPEC+ Expected to Hold October Oil Output Steady 
UK House Prices Fall for First Time Since 2023 
Japan, US Target AI and Chips in $550 Billion Investment Push 
U.S. Payrolls Seen Rebounding in August as Labor Market Stays Soft 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Iran’s Hormuz Oil Pressure Fades as Gulf Crude Flows Continue 
Yen Rebounds as BOJ Rate Hike Bets Rise 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
US Oil Blockade Deepens Iran’s Economic Crisis 
Asian Stocks Rally as Fed Rate Hike Fears Ease 
China Expands Influence in Global Gold Market 
Chinese AI Stocks Rally After OpenAI Launches GPT-6 Astra 
Hong Kong Eyes Offshore Yuan Expansion, Deeper China Market Links 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
Gold Prices Hold Near $4,500 as Fed Rate Hike Bets Ease 
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U.S. stock index futures edged higher on Sunday evening as investors looked for a recovery in technology and semiconductor stocks following last week’s sharp market sell-off. However, escalating geopolitical tensions in the Middle East continued to weigh on market sentiment after Iran launched missile strikes against Israel over the weekend.
S&P 500 futures gained 0.1% to 7,411.25, while Nasdaq 100 futures climbed 0.6% to 29,174.50. Dow Jones futures also rose 0.1% to 50,751.0, signaling a cautiously optimistic start to the trading week.
The rebound comes after Wall Street suffered significant losses on Friday, driven largely by a steep decline in technology and chipmaking stocks. Investors moved to lock in profits after an extended artificial intelligence-driven rally, while stronger-than-expected U.S. nonfarm payrolls data fueled concerns that interest rates could remain elevated for longer.
The Nasdaq Composite recorded its worst session since April 2025, plunging 4.2% to 25,709.43. The S&P 500 dropped 2.6% to 7,383.74, while the Dow Jones Industrial Average fell 1.4% to 50,866.78. Semiconductor stocks led the decline, with AI giant Nvidia falling more than 6% during Friday’s session.
Meanwhile, geopolitical risks intensified after Iran launched missile attacks on Israel in response to Israeli military operations targeting Hezbollah-linked positions in Lebanon. Reports suggest Israel is considering retaliatory measures, although U.S. President Donald Trump has urged restraint in hopes of preserving diplomatic efforts with Tehran.
The growing conflict has raised concerns about disruptions to global energy markets. Oil prices surged following the attacks, increasing fears of inflationary pressure and potential economic fallout. Higher energy costs, combined with resilient U.S. labor market data, have strengthened expectations that the Federal Reserve may maintain a restrictive monetary policy stance.
Investors will closely monitor developments in the Middle East, oil price movements, Treasury yields, and upcoming economic data for further direction in U.S. financial markets.
