White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Wall Street futures stabilized Sunday evening after slipping earlier in the session, with traders remaining cautious amid fading expectations for a Federal Reserve rate cut in December. Markets continued to reassess their outlook for U.S. monetary policy as uncertainty surrounding the economy and upcoming earnings kept risk appetite in check.
S&P 500 futures ticked up 0.2% to 6,768.25, while Nasdaq 100 futures gained 0.3% to 25,177. Dow Jones futures were nearly unchanged at 47,215. Investors have been grappling with a sharp pullback across major indexes over the past two weeks as confidence in a December rate cut weakened considerably.
According to the CME FedWatch tool, markets now see only a 39.8% chance of a 25-basis-point cut at the Fed’s December 10–11 meeting, down from nearly 62% a week prior. A lengthy government shutdown delayed critical economic data releases, leaving policymakers potentially without October inflation and employment figures. With the Fed potentially heading into its next meeting with limited data, traders increasingly expect interest rates to remain unchanged. Investors are now looking ahead to the release of the Fed’s October meeting minutes for additional clues.
The Nasdaq Composite has fallen about 3.6% so far in November, dragged down by a sharp sell-off in tech stocks. The S&P 500 slipped 1.6%, while the Dow held firmer with a 0.9% decline and even notched a record high last week. A wave of profit-taking in artificial intelligence–linked shares has intensified concerns about overstretched valuations.
All eyes this week are on Nvidia’s upcoming fiscal third-quarter earnings. With a massive $5 trillion valuation, the company faces pressure to deliver results that justify its meteoric rise. Recent filings showed billionaire Peter Thiel fully exiting his Nvidia position, echoing a similar move from SoftBank, fueling questions about long-term AI sustainability and circular investments involving firms like OpenAI.
Beyond tech, attention will also turn to major retailers including Target, Walmart, Home Depot, Lowe’s, and TJX Companies, whose earnings will offer fresh insight into U.S. consumer health ahead of the holiday season.
