Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Stock Futures Hold Steady Ahead of Key Fed Decision 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Global Currencies Steady Ahead of Key Central Bank Decisions 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
U.S. Defense Bill Sets Record $901 Billion Budget, Includes Ukraine Aid 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
Russia Stocks Close Flat as MOEX Hits 1-Month High 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. stock index futures edged lower Wednesday night as market sentiment remained fragile amid growing concerns over high government debt and uncertainty surrounding President Donald Trump’s proposed tax cut bill. Investors fear the bill could inflate spending and deepen the federal deficit.
S&P 500 Futures dipped to 5,859.75, Nasdaq 100 Futures slipped 0.1% to 21,142.75, and Dow Jones Futures fell 0.1% to 41,904.0 by 20:03 ET. This followed a sharp decline on Wall Street, driven by rising Treasury yields and economic anxiety.
The S&P 500 dropped 1.6% to 5,844.55, while the NASDAQ Composite fell 1.4% to 18,872.64. The Dow Jones Industrial Average tumbled 1.9% to 41,860. Markets were rattled after Moody’s downgraded the U.S. credit outlook, compounding fears triggered by soft demand in the Treasury’s $16 billion 20-year bond auction.
Trump’s tax cut bill, recently cleared by a House committee, is expected to face a vote soon. However, traders are worried that slashing federal revenues without offsetting measures could worsen the national debt burden. Trump has pointed to tariffs as a fiscal offset, but revenue from these measures remains limited.
Tech stocks underperformed ahead of key earnings from Nvidia (NASDAQ:NVDA) next week, with investors locking in profits. Broader economic concerns were further heightened by disappointing retail signals. Target (NYSE:TGT) cut its annual guidance, citing slowing consumer demand. Lowe’s (NYSE:LOW) exceeded Q1 expectations but forecast flat annual profits, while Home Depot (NYSE:HD) warned of rising prices due to tariffs. Walmart (NYSE:WMT) also previously flagged inflationary risks.
With debt worries and trade policy concerns in focus, volatility is likely to persist across equity and bond markets, as investors await clarity on fiscal direction and earnings results.
