US futures are pointing to a very slightly lower, almost flat open today. European equity markets have opened in the positive territory, following mixed Asian markets. Markets are rotating away from Trump trades and becoming more macro-driven. Japan approved ¥21.9T stimulus plan plus ¥13.9T supplementary budget. Companies Mentioned: EchoStar, TPG Inc, AT&T, Apple, Google

US equity futures are trending lower this morning, while European markets are narrowly lower after a downbeat close on Wednesday. Asian markets closed mixed. Earnings from NVIDIA dominated sentiment, with the company delivering better-than-expected Q3 results but providing Q4 guidance that fell short of the most bullish forecasts. Separately, Indian conglomerate Gautam Adani faces US indictments over alleged $250 million in bribes to secure energy contracts, sparking selloffs in Adani-related...

S&P futures are up +0.19%, pointing to a higher open. Asian markets were mixed in Wednesday trading, while European markets are firmer in early trades. Asia top stories include Japan’s positive export growth in October and China's unchanged LPRs. European top stories include renewed discussions on German Chancellor Olaf Scholz's potential replacement ahead of the February snap election, and concerns over France's foreign investment risk due to political instability. The UK inflation data...

S&P futures are down (0.02%), pointing to a flat open. Asian markets mostly finished Tuesday trading on a higher note, while European markets are struggling to sustain opening gains. Asia top stories highlight the continuation of yesterday's momentum, with positive sentiment supported by Wall Street's performance. Brokers remain cautious about China's outlook despite gains in Hong Kong and Shanghai markets. European top stories focus on the weak economic backdrop and political tensions....

US equity futures are mixed this morning, while European markets are firmer after a weak performance last week. Asian markets closed mixed. Market focus remains on developments from the Trump administration, including the anticipated announcement of the Treasury Secretary nominee. Additionally, ongoing concerns over geopolitical tensions are heightened by the US greenlighting the use of long-range missiles by Ukraine in response to North Korean troop involvement in the war. In Europe, ECB...

US futures are pointing to a lower open today. European equity markets have opened in the negative territory, following mixed Asian markets in a directionless Friday session. Markets are increasingly choppy with focus turning to fiscal backdrop and monetary policy outlook. Fed officials more cautious. ECB seemed ready to ease again in December. BOE remarks on hawkish side. Companies Mentioned: Citigroup, Halozyme, Evotec

US futures are pointing to a relatively unchanged open after drifting off lows. European equity markets are up slightly in early trade. Asian markets finished mostly weaker. Top story today is the October core CPI report, which met consensus expectations, easing concerns of a potential higher reading. The report has strengthened market expectations for a potential 25-basis-point rate cut in December, reducing the probability of a pause to around 18%. Upcoming PPI data on Thursday and retail...

S&P futures are down (0.11%), pointing to a lower open. Asian markets closed mostly lower, and European markets are narrowly mixed in early trades. Asia top stories focus on the steep losses in South Korea amid tariff concerns and Samsung Electronics' struggles with AI. In Europe, the market narrative remains focused on the potential for more ECB easing amid rising inflation concerns. Companies Mentioned: Rivian, Spirit Airlines, Just Eat Takeaway.com

S&P futures are down (0.06%), hinting at a flat open. Both the Asian and European markets are down for the day. Asia top stories highlight fears over ongoing economic weakness in China and the impact of Trump's appointment of China hawks. European top stories note the increase in UK unemployment amidst steady wage growth, German CPI, and political tensions with calls for an earlier election in Germany. Companies Mentioned: Coca-Cola, Cardinal Health, Endeavor Group, GE Vernova, Baidu,...

US futures indicate a higher open on Monday. European equity markets are trading higher, while Asian markets closed mostly lower. Market attention remains on Europe’s recovery after last week's sell-off, which was fueled by uncertainties around the potential policy shifts from a Trump presidency. Mixed signals from the ECB persist, with Holzmann indicating that a December rate cut is not a done deal, even as markets anticipate further ECB easing. Additionally, Germany may see an early...

S&P futures are up +0.03%, hinting at a flat open following a strong Thursday session. Following the Fed rate cut, Asian markets ended Friday trading mostly mixed, and European markets are weaker in early trades. China has announced a CNY10T package to refinance local government debt as the NPC Standing Committee meeting concluded. Lawmakers approved a debt swap plan, raising the local government debt ceiling by CNY6T to CNY35.52T by the end of 2024, which aligns with the lower end of...

US futures are pointing to a higher open today. European equity markets have opened mixed, following mostly higher Asian markets. Trump's election and likelihood of GOP sweep triggering risk-on move in equity markets. Fed rate cut expectations for 2025 also eased. Trump's win encouraging expectations of larger stimulus in China who is seen tolerating some yuan depreciation in event of tariff hit. Companies Mentioned: Avid Bioservices, Integral Ad Science Holding, KKR

US futures are pointing to a higher open today. European equity markets have opened with gains, following mostly higher Asian markets. Trump has declared victory while formal declaration by AP is expected soon. US dollar rising most since March 2020 to highest since early July. Companies Mentioned: Acadia Pharmaceuticals, Apple, Foxconn, WillScot

S&P futures are up +0.17%, pointing to a positive open today. Asian markets ended Tuesday trading mostly higher, and European markets are firmer in early trades. Ahead of the U.S. presidential election, Asian markets remained steady for a second session, with equity benchmarks largely confined to a two-week trading range. The dollar has strengthened, leading to weaker Asian currencies, including the rupee reaching a record low. Sovereign bond yields increased amid significant selling of...

S&P futures are up +0.08%, pointing to a flat open today. Asian markets were mostly higher, as optimism over China's anticipated fiscal stimulus and a weaker US dollar provided positive momentum. European markets are mixed in early trades. The upcoming NPC Standing Committee meeting in China, scheduled for 4-8 Nov, has drawn significant attention regarding potential fiscal stimulus measures. Current estimates suggest a range between CNY6-10T over multiple years. This package may focus on...

US futures are pointing to a higher open today. European equity markets have opened flat with small losses in some places, following widely anemic Asian market trades. After Nasdaq recorded biggest daily fall since early September, focus is now turning to US nonfarm payrolls, with data forecast to show hurricane- and strike-affected employment slowdown. Governor’s post-meeting remarks viewed as hawkish, laying groundwork for December or January rate hike. Companies Mentioned: Wesco...

US futures are pointing to a lower open today after anemic afterhours trading with Microsoft and META under pressure on their earnings. European equity markets have opened with losses, following mixed Asian markets. BOJ left policy unchanged as widely expected. Japan’s September industrial production rebounded but retails sales lagged. China's economy lost further momentum in Q3 with attention already shifting to Q4 as investors await evidence of macro stabilization. Companies Mentioned:...

S&P futures are up +0.24%, pointing to a positive open today. Asian markets were mixed, with Japan's Nikkei up +1% while China markets closed broadly lower. European markets are extending recent losses in early trades. For today's highlight, Investors in Asia are turning to sovereign bonds from emerging markets in Asia (ex China) to mitigate potential volatility from the US election. Asset managers are favoring Indonesian and Philippine bonds as safe havens, with growing interest in South...

S&P futures are pointing to a flat open today. Asian markets finished Tuesday trading mixed, while European markets are firmer in early trades. For today's highlight, Japan's equity market is in a cautious phase post-election, with strategists noting potential short-term impacts from the lack of a majority government. Clear economic policies might spark a rally, with a focus on possible looser fiscal measures. Concerns over foreign outflows exist, but macro funds are only moderately...

S&P futures are pointing to a higher open today, up +0.48%. Asian markets finished Monday trading mostly higher, with Japan outperforming following its national election results, while European markets also firmer in early trades. For today's highlight, Japan's equity markets rose sharply despite political uncertainties following the LDP's election defeat. The market responded positively to the expectation that the LDP will need to collaborate with minority parties, some of which favor...

US futures are pointing to a higher open today after equities finished mostly positive in Thursday’s trading. European equity markets have opened with losses, following mixed but rebounding Asian markets. Sentiment on back foot again, with earnings, rate reprieve, election concerns in focus. Companies Mentioned: Summit Materials, Capri Holdings, Tapestry, DigitalBridge Group

US futures are pointing to a higher open today after equities finished lower in Wednesday’s trading. European equity markets have opened with gains, following mostly lower Asian markets. Sentiment in US equity market stabilizing, as traders positioning for more volatility stemming from election and November Fed meeting. Most ECB speakers see 25 bps cut in December. BoE's Bailey signaled faster rate cuts in pipeline. Companies Mentioned: Boeing, Southwest Airlines, Transocean, Seadrill

S&P futures are pointing to a flat open today. Asian markets finished Wednesday trading mixed, with Japan down for a second consecutive day. European markets opened flat and are edging lower in early trades. For today's highlight, recent reports from China suggest a think tank proposal advocating for increased fiscal support through special government bond issuance to enhance social welfare, alongside a proposed CNY2T stock market stabilization fund. This fund would focus on purchasing...

S&P futures are pointing to a lower open today, down (0.25%). Asian markets tilted down in a quiet day, while Europe is mixed in early trades. For today's highlight, Hyundai Motor India's stock fell (4%) on its market debut, despite the IPO being oversubscribed at INR1,960/share by 2.4 times, weighing down by weak retail demand and a slowdown in India's auto sales and consumer spending. The stock was initially listed at a 1.4% discount to the IPO price. Despite this, it remains India's...