Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Trump, Xi Focus on Trade and AI at White House Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
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U.S. stock index futures rose slightly on Thursday evening as investors maintained expectations for further Federal Reserve interest rate cuts, shifting their attention toward the upcoming third-quarter earnings season. The modest gains followed a soft Wall Street session, where markets paused after a record-breaking rally driven by tech optimism and artificial intelligence momentum.
As of 19:07 ET (23:07 GMT), S&P 500 futures gained 0.1% to 6,784.50, Nasdaq 100 futures advanced 0.1% to 23,312.75, and Dow Jones futures edged up 0.1% to 46,628.0. The S&P 500 closed Thursday down 0.3% at 6,735.11, while the Nasdaq Composite slipped 0.1% to 23,024.63, and the Dow Jones Industrial Average declined 0.5% to 46,358.42.
Tech stocks, including NVIDIA Corporation (NASDAQ: NVDA), have been the primary catalyst for recent market strength, buoyed by increased investment and chip supply deals linked to AI development. Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) also added support after reporting strong third-quarter revenue, with investors awaiting its full earnings report next week.
Market sentiment was further shaped by comments from Federal Reserve officials. New York Fed President John Williams expressed support for additional rate cuts, citing a weakening labor market. Minutes from the Fed’s September meeting revealed that while policymakers broadly agreed on more easing, opinions differed on how deep the cuts should go. Fed Chair Jerome Powell offered limited guidance, but traders largely continued to price in a 98% chance of a 25-basis-point rate cut in October, according to the CME FedWatch tool.
Looking ahead, attention turns to the Q3 earnings season beginning next week. Major financial institutions including JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), Citigroup (NYSE: C), and BlackRock (NYSE: BLK) are set to report Tuesday. Johnson & Johnson (NYSE: JNJ), ASML Holding (AS: ASML), Bank of America (NYSE: BAC), and Microsoft (NASDAQ: MSFT) will follow midweek. Investors will watch closely to assess how trade tariffs and economic disruptions have impacted corporate profits.
