Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Wall Street futures edged higher on Sunday evening as renewed expectations for a Federal Reserve interest rate cut in December helped lift market sentiment after a period of notable losses. Investors are now looking for signs of stabilization in technology stocks, which have been under pressure in recent weeks.
The upbeat momentum followed a strong Friday rally, fueled by encouraging comments from certain Fed officials who signaled support for easing monetary policy before the year ends. Mixed labor market data also strengthened projections for a rate cut, further boosting demand for equities.
By 18:28 ET (23:28 GMT), S&P 500 futures rose 0.6% to 6,657.0, while Nasdaq 100 futures increased 0.8% to 24,489.75. Dow Jones futures added 0.4% to reach 46,491.0.
Market optimism grew after New York Fed President John Williams voiced support for a December rate cut—an outlook that contrasts with more cautious stances from other Fed members. His remarks helped revive confidence, pushing traders to price in a 67.3% probability of a 25-basis-point cut at the Fed’s December 10–11 meeting, up from 39.8% a week earlier, according to the CME FedWatch Tool.
This week’s long-delayed U.S. economic data—rescheduled due to a government shutdown—will also play a critical role in shaping expectations. Key September reports on producer inflation, retail sales, and industrial production are set for release on Tuesday, followed by third-quarter GDP data on Wednesday. Any signs of cooling growth or labor market softness could strengthen the case for monetary easing. Still, the Fed faces the challenge of limited October data ahead of its December decision.
On Friday, Wall Street rebounded sharply, with the S&P 500 climbing nearly 1% and the Nasdaq Composite gaining 0.9%. Despite the broader uptrend, tech stocks lagged as chipmakers, particularly NVIDIA, continued to face pressure amid concerns about rising inventories and questions over financing practices. Fears of an AI-driven valuation bubble have also driven investors to lock in profits after years of strong sector gains.
Sentiment toward Nvidia improved late in the week following reports that the Trump administration may allow the company to resume Chinese sales of its H200 AI chips—a move that could ease some pressure on the semiconductor giant.
