Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Wall Street futures climbed on Sunday evening as reports indicated that Congress was close to reaching an agreement to end the longest government shutdown in U.S. history. The optimism came after a week of steep market losses, driven by a selloff in major technology stocks amid growing fears of an artificial intelligence (AI) bubble.
By 18:32 ET (23:32 GMT), S&P 500 futures were up 0.4% at 6,782.25 points, Nasdaq 100 futures gained 0.6% to 25,314.50 points, and Dow Jones futures rose 0.3% to 47,230.0 points.
According to ABC News, the U.S. Senate was preparing for a key vote on Sunday night for a short-term spending bill expected to gain sufficient Democratic backing. The measure aims to fund the government until January 30, potentially bringing an end to the shutdown, now in its 40th day. The prolonged closure has disrupted sectors like air travel and delayed critical economic data releases, raising concerns about GDP growth and employment as thousands of federal workers remain furloughed.
Investors welcomed signs of progress in Washington, hoping that a resolution could stabilize financial markets and restore confidence in the U.S. economy.
The rebound in futures also followed a tough week for Wall Street, where tech giants like NVIDIA (NASDAQ: NVDA), Apple (NASDAQ: AAPL), and Microsoft (NASDAQ: MSFT) saw heavy selling. Nvidia alone dropped over 7% as traders questioned whether valuations driven by AI enthusiasm were sustainable. The S&P 500 fell 1.6%, the Nasdaq Composite dropped 3%, and the Dow Jones slipped 1.2% last week.
Meanwhile, uncertainty over Federal Reserve policy persisted. The CME FedWatch tool showed traders pricing in a 61.9% probability of a 25 basis point rate cut in December, with a 38.1% chance of no change.
