World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
U.S. Futures Gain as Middle East Tensions Subside, Tech Earnings Awaited
U.S. stock index futures edged higher on Sunday night as concerns over a significant Middle East conflict eased. Israel's weekend retaliatory strike avoided targeting Iran's nuclear and oil facilities, reducing fears of a severe escalation.
This week, attention turns to major technology earnings and key economic data to provide insights into corporate health and the broader economy.
Futures Rise Amid Calm in the Middle East
By 19:14 ET (23:14 GMT) on Sunday, S&P 500 Futures climbed 0.4% to 5,871.25 points, Nasdaq 100 Futures increased by 0.5% to 20,597.75, and Dow Jones Futures rose 0.4% to 42,468.0 points. Oil prices dropped early Monday, reflecting easing Middle East concerns and improving market sentiment.
While Iran indicated minimal damage from the weekend’s attack, it warned of potential retaliation, leaving geopolitical risks still on the radar.
Tech Earnings to Drive Market Moves
U.S. stocks were mixed last week, with the Nasdaq hitting a record intraday high as traders shifted focus to technology stocks. The upcoming earnings reports from five of the "Magnificent Seven" tech firms—Alphabet, Meta, Microsoft, Apple, and Amazon—are expected to significantly impact market direction.
These companies account for a substantial portion of market valuations, and their performance will serve as a bellwether for the broader market, especially given the heavy investments in artificial intelligence.
Key Economic Data in Focus
In addition to corporate earnings, investors will closely monitor U.S. house price data, third-quarter GDP, and the PCE price index—the Federal Reserve's favored inflation metric.
With the 2024 presidential election looming next week, markets may experience heightened volatility.
