Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market before a high-stakes week featuring Nvidia Corp.’s earnings and a pivotal US jobs report. A gauge of global stocks hovered around a one-month low, while Asian shares fell 2% and are on track for a third straight day of losses. Almost four stocks fell for every one that rose in the MSCI Asia Pacific Index, which slipped below its 50-day moving average for the first time since April. That’s seen by some investors as a bearish signal. Contracts for the S&P 500, Nasdaq 100 and European stocks all indicated more losses for global shares. As sentiment weakened, Bitcoin slid below $90,000 for the first time in seven months. Bonds rose, with the yield on the benchmark Treasury 10-year falling three basis points to 4.11%. The moves highlighted lingering uncertainty over interest rates and tech earnings, with Nvidia’s Wednesday report set to test investor nerves over lofty valuations surrounding the artificial intelligence sector. Attention will then shift to the delayed September jobs report due Thursday, which will provide investors with clues on the Federal Reserve’s policy outlook. It’s “the kind of broad and uneasy selloff that erupts when visibility collapses,” said Hebe Chen, an analyst at Vantage Markets in Melbourne. “The rush out of risk — from Bitcoin to high-flying tech — reflects a defensive instinct against the ‘unknown unknowns,’ and until visibility improves, volatility stays the base case.”
Alarm bells are ringing for analysts who study chart patterns in the US stock market, fueling concern that the latest dip could swell into a full-blown correction of at least 10%. A sharp selloff in the S&P 500 on Monday extended the decline from its last record on Oct. 28 to 3.2%. The benchmark index closed below its 50-day moving average for the first time in 139 sessions, breaking the second-longest stretch of this century above the closely watched trend line. The Nasdaq Composite Index is also flashing some “ugly” signals, according to John Roque, head of technical analysis at 22V Research. More of the index’s 3,300-some members trade at 52-week lows than highs, he said, a sign of internal market weakness that makes a further rally unlikely. In other corners of the market, a gauge of the dollar held its gains from the prior session. Gold posted a fourth day of losses to trade just above $4,000 an ounce, underpinned by fading expectations of a Federal Reserve interest-rate cut next month. Lower rates typically make non-yielding bullion more appealing to investors. Nvidia’s shares also fell in US trading after a filing showed Peter Thiel’s hedge fund sold its stake in the chipmaker during the third quarter. Bitcoin’s drop deepened a month-long slide that has erased the cryptocurrency’s gains for 2025 and rocked sentiment across the digital-asset world. The reversal comes amid rising economic headwinds, including renewed concerns over interest-rate policy and stretched valuations across speculative markets. The path for rate cuts is the other major theme investors are concerned about amid conflicting views from central bank officials. Fed Vice Chair Philip Jefferson said he sees risks to the labor market as skewed to the downside, but warned policymakers need to proceed slowly. Fed Governor Christopher Waller is backing a cut in December, citing weak jobs. Traders are pricing in about a 40% chance of a rate cut next month. US After Hours GRRR +11.7% and JHX +10.7% sharply higher on earnings; LINE +2% ticks higher on CFO insider purchase; LFMD -22.2, HP -8.1% lower on earnings.
Nikkei -3.22% Hang Seng -1.95% CSI -0.71% Shanghai -0.84% Shenzen -1.07%
Eur$ 1.1599 CNH 7.1145 CNY 7.1118 JPY 155.05 GBP 1.3163 CHF 0.7944 RUB 81.2500 TRY 42.3269 WTI$ 59.50 -0.68% Gold 4,012 -0.85% BTC 89,982 -2% ETH 3,003 -0.05% SOL 135.52 +3.80%
S&P -0.69% Nasdaq -0.91% EuroStoxx -1.49% FTSE -1.26% Dax -1.55% SMI -1.13%
Macro :
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Keep an eye on :
Keep an eye on :
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