Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
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.
