Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Australia Jobs Growth Strengthens Rate Hike Outlook 
U.S. stock index futures edged lower on Thursday evening, cooling after a strong rebound on Wall Street driven by softer-than-expected November inflation data. The pullback reflected lingering caution among investors, as major indexes were still on track for weekly losses following a prolonged selloff in technology stocks and rising uncertainty around the U.S. economic outlook.
By late evening trade, S&P 500 futures dipped nearly 0.1% to 6,825.50, Nasdaq 100 futures slipped 0.1% to 25,239.75, and Dow Jones futures fell about 0.2% to 48,239.00. Despite Thursday’s gains in cash markets, futures suggested investors were reassessing momentum after a volatile week.
Earlier in the session, Wall Street rallied after November’s consumer price index came in below expectations, easing some inflation concerns and briefly boosting hopes that the Federal Reserve could cut interest rates further in 2025. However, several analysts cautioned against overreacting to the data. Goldman Sachs noted that November inflation figures were distorted by lingering effects of the October government shutdown and said December’s CPI report would be far more influential in shaping Fed policy decisions.
Still, the softer CPI print sparked renewed buying in technology shares, which had been under pressure due to concerns over stretched artificial intelligence valuations. Semiconductor stocks led the rebound, with Micron Technology surging roughly 10% after reporting stronger-than-expected earnings, helping lift broader market sentiment.
On Thursday, the S&P 500 rose 0.8% to 6,774.77, the Nasdaq Composite jumped 1.4% to 23,006.36, and the Dow Jones Industrial Average gained 0.1% to 47,951.85. Even so, all three benchmarks remained down between 0.7% and 1% for the week.
In after-hours trading, Oracle shares rallied up to 6% on reports linking the company to a consortium seeking to acquire TikTok’s U.S. operations, while FedEx climbed about 2% after posting better-than-expected quarterly earnings. Meanwhile, Nike slid sharply after reporting margin pressure and weaker sales in China, underscoring ongoing challenges for global consumer brands amid a difficult macroeconomic environment.
