US equity-index futures advanced, signaling renewed sentiment after the Federal Reserve’s interest-rate cut, even as questions lingered over the pace of future policy easing. Contracts for the S&P 500 advanced 0.5% while those for the Nasdaq 100 gained 0.7%, after the underlying benchmarks posted minor declines following Fed’s decision on Wednesday. Treasuries recouped some of their losses, while a gauge of the dollar rose for a second day as Fed Chair Jerome Powell termed the move a “risk-management cut.” Shares in Japan, China and South Korea rose. Oil held a decline as traders weighed the rate cut and an increase in US fuel inventories. New Zealand’s bonds gained and the currency fell after softer economic data fueled speculation of an outsized rate cut.
An index of global stocks climbed to a record high this week as investors priced in a 25-basis-point cut ahead of the Fed meeting. While the central bank followed through with a cut, officials stressed future policy will be decided “meeting by meeting” and warned “there’s no risk-free path.” Even so, policymakers now see two additional quarter-point cuts this year, one more than was projected in June. The Fed cut its benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs. The Federal Open Market Committee voted 11-1 to lower the target range for the federal funds rate to a range of 4% to 4.25%. The lone dissent came from Fed Governor Stephen Miran, a close ally of Donald Trump who favored a larger reduction. Governors Christopher Waller and Michelle Bowman, who in July dissented in favor of a rate cut, supported this week’s move. Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time to cut rates after keeping them on hold since December amid concerns over tariff-driven inflation. Powell pushed back against bond traders betting the Fed would sweep in with a series of aggressive rate cuts to prevent the US economy from stalling. The Fed chair indicated he’s not abandoning his cautious approach, still mindful of the risks of inflation. Elsewhere in Asia, Chinese semiconductor makers rose after China’s ban on importing an Nvidia Corp. chip, a move that may boost the outlook for local competitors. Still, the restriction may impact product developments for AI-related firms in China, analysts say. China’s cyberspace regulator instructed companies including Alibaba Group Holding Ltd. to halt orders for a Nvidia semiconductor that can be used for AI applications. US After Hours CBRL -9.4% lower on earnings; NUE -5% lower on guidance; NBTX +44.7% on phase 1 study data; IONQ +5.8% signs MOU with US DoE.
Nikkei +1.30% Hang Seng -0.72% CSI -0.002% Shanghai -0.13% Shenzen +0.25%
Eur$ 1.1813 CNH 7.1048 CNY 7.1074 JPY 147.02 GBP 1.3620 CHF 0.7897 RUB 83.6152 TRY 41.3087 WTI$ 63.92 -0.14% Gold 3,660 -0.05% BTC 117,790 +1.85% ETH 4,619 +2.54%
S&P +0.41% Nasdaq +0.60% EuroStoxx +0.28% FTSE +0.05% Dax +0.35% SMI +0.06%
Macro :
- Funds Shifting Away From US Assets Due to Trump, Mercer Says (1)
- Ex-CDC Chief Tells Senate RFK Jr. Eyes More Vaccines Curbs (1)
- BofA Clients Mostly Sold US Stocks, Bought Large Caps and REITs
- BofA Clients Mostly Sold US Stocks, Bought Large Caps and REITs
- *APPLE'S COOK, NVIDIA'S HUANG, SAM ALTMAN TO GO TO UK DINNER
- Powell’s Cautious Rate Cut Signals Data-Driven Fed Path Ahead
Keep an eye on :
Keep an eye on :
- AIR FP : Europe’s ATR Sees Opportunity From US Regional Jet Retirements
- AMD US : "Massive ten-year" AI boom is just starting, AMD CEO says
- Andersen Group IPO : Tax Firm Andersen to File Publicly for IPO as Soon as This Week
- ASCN SW : Ascom Names Michael Reitermann as Interim CEO
- BIIB US : Biogen Gets EC Approval for Zurzuvae for Postpartum Depression
- BILL SS : Billerud Starts Cost Program Targeting SEK800m Annual Savings
- BOL FP : Bollore 1H Net Income EU240M Vs. EU3.76B Y/y
- DIS US : Nexstar’s ABC Affiliates to Preempt Kimmel Show Indefinitely
- DWS GY : DWS Prepares Sale of Data Center Business NorthC: FT
- LLY US : Lilly Seeks Broader Mounjaro Use After It Helped Diabetic Kids
- EQT US : *EQT SAID TO WEIGH $1 BILLION-PLUS US IPO OF WASTE FIRM REWORLD
- EQT SS : EQT Is Said to Weigh Options for School Bus Firm First Student
- EQNR NO : Equinor Says Worker Died in Accident at Refinery at Mongstad
- ETNB US : Roche to Buy 89bio for $14.50 Per Share (+80% Premium)
- EXO NA : Exor 1H Net Loss EU624M Vs. Profit EU14.70B Y/y
- 2317 TT : Foxconn to Start Building New Saudi EV Plant in Dec.: Report
- GOOGL US : Mars to invest €1bn in European manufacturing as US demand slows
- GOOGL US : China Drops Google Antitrust Probe During US Trade Talks: FT
- GTT FP : GTT Gets Order From Samsung Heavy for LNG Carrier Tank Design
- HOLX US : Blackstone, TPG Are Said to Revive Interest in Hologic Takeover
- IBE SM : GE Vernova Turbine Blade Damaged at Iberdola Wind Farm
- ITV LN : ITV Tumbles on Reports Redbird IMI Loses Interest in Studio Arm
- KER FP : Kering Names Bellettini President and CEO of Gucci, Kering’s New Gucci CEO Bellettini Has Good Record, RBC Says
- META US : Meta Launches $799 Glasses With Screen and AI Integration
- NANO FP : Nanobiotix Presents Data Showing A Favorable Safety Profile And Early Efficacy Signals In A Heavily Pre-Treated Population Whose --> +50%
- Netskope IPO : Cybersecurity Firm Netskope Said to Price IPO at $19 Per Share
- NOVOB DC : Novo Nordisk's oral semaglutide 25 mg (Wegovy in a pill*) delivered 16.6% weight loss in people with obesity in a newly published study
- NUE US : Nucor 3Q EPS Forecast Misses Estimates
- NUE US : Nucor 3Q EPS Forecast Misses Estimates
- OVS IM :OVS 1H Adjusted Ebitda EU101.7M Vs. EU89.0M Y/y
- PLTR US : *PALANTIR TO INVEST £1.5B IN UK OVER FIVE YEARS: TIMES
- PEUG FP : Peugeot Invest : un ANR à 157,9 Euros
- ROG SW : Roche to Buy Biopharmceutical Firm 89bio in $3.5 Billion Deal
- SHA0 GY : Schaeffler Extends Gains as Analysts Praise Growth Story
- SIGN SW : SIG Starts Transformation Program, Cuts FY View, Pauses Dividend
- Strava ipo : Strava Seeks Bank Pitches for Roles in Possible IPO: Rtrs
- SUN SW: Sulzer Maintains FY Organic Revenue Forecast
- TSLA US : Tesla Is Redesigning Door Handles That Drew Scrutiny Over Safety
- TGS NO : TGS Reports PAMA Phase II Multiclient Survey Offshore Brazil
- UBSG SW : Activist Cevian says capital plans make Swiss HQ ‘not viable’ for UBS - FT
- UCB BB : UCB Says Galvokimig Showed Efficacy in First-In-Patient Study
- VENDA NO : Vend Says New Norway Real Estate Ads for July-August Dropped YoY
- WLN FP : ECB Sold Over €150m of Worldline Bonds, FT Reports
- VOW GY : Volkswagen Puts Final Contract Offer to UAW With 20% Pay Raise
- xAI IPO : xAI Executives Clashed With Musk Advisers on Operations, Finances -- WSJ