US equity-index futures advanced along with technology shares in Asia as investors looked ahead to earnings from AI bellwether Nvidia Corp. and US economic data to set the tone for markets this week. After a lackluster Friday, risk appetite perked up as S&P 500 contracts gained 0.5% and Nasdaq 100 futures rose 0.7%. SK Hynix Inc. and Samsung Electronics Co. were among the winners in Asia, after pledging more investment in South Korea. Sentiment also brightened among cryptocurrencies, with Bitcoin climbing 1.7%, after earlier wiping out its gains for the year. Asian shares, however, retreated 0.2% with Japanese gauges falling after the economy contracted for the first time in six quarters. Tourism and retail-related stocks in the country slumped as tensions with China escalated. After weeks of a data blackout, investors are set to receive long-awaited readings on the strength of the US economy as government agencies resume releasing key indicators, including employment figures. The data will provide valuable insight into the Federal Reserve’s policy trajectory, giving investors a fresh perspective even as enthusiasm for AI-linked equities continues to underpin broader market strength. The lofty AI valuations face a crucial test this week as investors look into Nvidia’s earnings on Wednesday to assess whether its soaring price tag is sustainable. The company’s stock has surged 42% this year, eclipsing returns in the S&P 500 and Nasdaq 100 indexes. Adrian Zuercher of UBS says the equity market “definitely has more upside” if the Federal Reserve signals further rate cuts. The US benchmarks have surged since their April slump. But those gains have been confined to fewer shares as sentiment and technical indicators showed signs of overheating, leading Wall Street chiefs to note the possibility of a retreat as a healthy development. Another key factor for the week is the release of economic data that will provide clues on the Fed’s outlook. A slew of Fed officials has expressed skepticism over the need for a cut in December, or outright opposed one, less than a month after Chair Jerome Powell warned that a December cut is far from a “foregone conclusion.” The Fed will also release minutes from its Oct. 28-29 meeting, shedding light on an unusual split among policymakers after the FOMC cut rates by a quarter-point. Last week, traders pushed the odds of a quarter-point rate cut in December below 50% as some Fed officials indicated that such a move is far from a sure thing. Separately, New York Federal Reserve President John Williams met with primary dealers from Wall Street banks to discuss a short-term lending facility which allows eligible institutions to borrow cash in exchange for Treasury and agency debt. Attention is also on the cryptocurrency market. Just a little more than a month after reaching an all-time high, Bitcoin erased the more than 30% gain registered since the start of the year as exuberance over the pro-crypto stance of the Trump administration fades. The token traded around $95,000 on Monday. Among commodities, oil dropped following signs that activity had resumed at the key Russian port of Novorossiysk on the Black Sea, after a Ukrainian strike last week led to some damage and a suspension of operations. Also, President Donald Trump said a proposed Senate legislation to sanction countries conducting business with Russia would be “okay with me,” his strongest indication yet that he would support a months-long push to strangle Moscow’s funding.
Nikkei -0.10% Hang Seng -0.95% CSI -0.64% Shanghai -0.47% Shenzen +0.04%
Eur$ 1.1599 CNH 7.1067 CNY 7.1053 JPY 154.76 GBP 1.3139 CHF 0.7952 RUB 80.8500 TRY 42.3363 WTI$ 59.44 -1.08% Gold 4,059 -0.61% BTC 94,945 +1.63% ETH 3,188 +3.78% SOL +3.48%
S&P +0.36% Nasdaq +0.56% EuroStoxx -0.18% FTSE -0.12% Dax -0.14% SMI +0.11%
Macro :
- China Urges US to Handle Taiwan Issue With ‘Utmost Caution’
- US Allows Some Lukoil Transactions Outside of Russia
- AI Debt Explosion Has Traders Searching for Cover
- Scoop: Israel wants Trump to condition F-35 sale to Saudi Arabia on Israel normalization
- RFK Jr. Discussed Curbing FDA Head’s Role After Complaints About Management Style - WSJ
- VIX 60 Calls Soar as Nvidia Set for Make or Break Earnings
- BlackRock takes on hedge fund giants - FT
Keep an eye on :
Keep an eye on :
- AMUN FP : Amundi, SocGen Agree to Continue Long-Term Partnership
- AAPL US : Apple intensifies succession planning for CEO Tim Cook
- AAPL US : Masimo Says Awarded $634M in Damages From Apple Patent Suit
- AAPL US : Innovations from Apple used to change the course of the world. Not so much anymore - The Information
- ABX CN : Barrick Mining Mulls Splitting Into Two Entities: Reuters
- BRKB US : Berkshire Builds Alphabet Stake, CoreWeave Suffers: 13F Wrap
- BA US : Qatar Airways Taps RTX’s Collins Aerospace for 787 Fleet Health
- CLN SW : Clariant CEO Aims for 14% of Sales Coming From China by 2027: FT
- CWAN US : Warburg, Permira Are Said in Talks to Buy Clearwater Analytics
- CRWV US : Berkshire Builds Alphabet Stake, CoreWeave Suffers: 13F Wrap
- DRO AU : Hedge fund says DroneShield had 17 red flags
- DKSH SW : DKSH Said to Bid for Swiss Drug Distributor Swixx Biopharma
- ESLT IT : *ELBIT SIGNS $2.3B INTERNATIONAL CONTRACT
- EQT SS : EQT Billionaire Takes On Wall Street Titans With Big Asia Push
- FILA Im : Fila Studying Options to Strengthen Ties With DOMS, CEO Says
- FLS DC : FLSmidth Says CEO Mikko Keto Is Stepping Down
- GOOGL US : Berkshire Builds Alphabet Stake, CoreWeave Suffers: 13F Wrap
- GOOGL US : Google-Backed Apptronik in Talks to Raise Funding at $5 Billion Valuation - WSJ
- GOOGL US : Google to Invest $40 Billion in New Data Centers in Texas
- LOGN SW : Logitech Discloses Cybersecurity Incident
- MSFT US : Leaked documents shed light into how much OpenAI pays Microsoft, Microsoft received $493.8 million in revenue share payments from OpenAI - TechCrunch
- N91 LN : Ninety One 1H Pretax Profit Misses Estimates
- NVDA US : Rotation Away From AI Set to Extend on Nvidia Earnings: In Play
- PZZA US : Activist investor Irenic builds stake in Papa John's, sources say - Reuters
- PLX FP : Pluxee Lowers 2026 Outlook After Brazil PAT Decree
- PRX NA : Prosus Sees 1H Core Headline EPS Cont Ops Up 20.1%-28.5% Y/y
- RNO FP : Renault, Nissan in Talks Over Reviving Alliance: FT - Full Article
- RIO LN : Rio Tinto Partners With Calix to Test Low-Emissions Steel Making
- RTX US : Germany Aims to Buy as Much as $3.5 Billion in RTX Missiles
- RTX US : Qatar Airways Taps RTX’s Collins Aerospace for 787 Fleet Health
- SAABB SS : Saab Secures €549m Arexis EW System Orders for Eurofighters
- SAABB SS : Saab Secures €549m Arexis EW System Orders for Eurofighters
- SDZ SW : Sandoz Launches Biosimilar Tyruko in US
- SAN SM : Santander’s Botin Touts ‘Friendly Deals’ as Key to Banking M&A
- SIE GY : IFC, Siemens, Fullerton may buy 49% stake in clean hydrogen maker Hygenco in $250 million deal
- SFZN SW : Siegfried Names Tania Micki new CFO Effective July 1
- SRG IM : Snam Terminates Agreement to Buy Stake in Open Grid Europe
- GLE FP : Amundi, SocGen Agree to Continue Long-Term Partnership
- SMHN GY : SUSS MicroTec Targets Gross Profit Margin of 43% to 45% by 2030
- TSLA US : Tesla Requires Suppliers to Avoid Made-in-China Parts for U.S. Cars -- WSJ
- UBER US : Uber Loses Last NZ Court Appeal on Driver Employment, Union Says
- Vinted IPO : Vinted Explores Share Sale That Could Value It Around €8B: FT - Full Article
- WPP LN : WPP Draws Interest from Havas and Private Equity, Times Says
- xAI : Elon Musk’s xAI Delays Grok 5 Release to Next Year - The Information
- 1810 HK : Xiaomi Likely Drove 20%-Plus Growth With EV Help: Preview (1)