U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
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.
