China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
U.S. Stock Futures Hold Steady After Wall Street Record Highs
U.S. stock index futures remained stable in evening trading on Monday, buoyed by strong gains in major technology stocks that propelled Wall Street to record highs. Investors are now eyeing critical earnings reports and economic data expected later in the week.
S&P 500 futures slightly increased to 5,911.25 points, while Nasdaq 100 futures held steady at 20,622.0 points. Dow Jones futures also saw a modest 0.1% rise to 43,404.0 points, reflecting ongoing optimism in the market.
Tech Gains Drive Market to New Heights
The tech sector played a key role in Monday’s market performance. NVIDIA Corporation surged 2.4% to a new record high, helping lift the broader market. Investors now await earnings reports from key semiconductor companies, ASML Holding and TSMC, which are expected to provide further insight into the sector’s health.
Other tech giants, including Apple, Alphabet, and Microsoft, also saw gains during the trading session before stabilizing in aftermarket trades.
The S&P 500 climbed 0.8% to a record 5,859.85 points, while the Dow Jones rose 0.5% to 43,065.22 points. The Nasdaq Composite increased by 0.9%, nearing peaks achieved earlier this year.
Focus Shifts to Q3 Earnings and Economic Data
Investor attention is now on the third-quarter earnings season, which intensifies this week. Key financial players like Bank of America, Goldman Sachs, and Johnson & Johnson are set to report, with more updates from Netflix and American Express later in the week. Economic data, including retail sales and Federal Reserve statements, will also provide further market direction.
