US and European equity-index futures rose alongside Asian shares, signaling Wall Street’s advance after an in-line inflation reading may extend.
Contracts for the S&P 500 and the Nasdaq 100 rose 0.3% after both indexes gained on Friday, snapping three days of declines. European stocks were also set for a stronger open. Asian shares erased earlier losses to advance 0.4% with Hong Kong jumping 1.4%. Japanese shares fell as ex-dividend stocks weighed on the benchmarks. Crude oil fell 0.4% as people familiar with the plans said that OPEC+ will weigh a November supply increase exceeding the 137,000 barrel-a-day hike scheduled for October. Gold rose to a record. A Bloomberg gauge of the dollar headed for a second day of declines, weighed down by month-end flows and the risk of a US government shutdown. Treasuries rose. Top congressional leaders plan to meet with President Donald Trump on Monday, just a day before federal funding runs out if lawmakers can’t agree on a short-term spending bill. The measure, which would only fund the government until mid-November, must pass by Oct. 1 to avert a shutdown that could delay key economic data and unsettle markets. In the event of a shutdown, “federal workers will be furloughed, which could act as a drag on US economic activity, and things like official economic releases will be put on hold,” Peter Dragicevich, a strategist at Corpay Inc., wrote in a note. “The failure to avoid a government shutdown could further highlight the more challenging backdrop in the US which in turn may exert downward pressure on the dollar.” US stocks saw dip buying on Friday while the Treasury yield curve marginally steepened as the personal consumption expenditures price index, the Fed’s preferred measure of inflation, came in as expected. Traders maintained expectations of a high likelihood the central bank will cut the funds rate again next month in a bid to help bolster a cooling labor market, according to swaps data compiled by Bloomberg. Washington will be the focus as the top four congressional leaders are due to meet with Trump. A closure would threaten the release of data including Friday’s payrolls report, a key gauge for assessing whether the Federal Reserve will continue cutting interest rates next month. Chinese equities were in focus in Asia amid signs that policies to address overcapacity and deflation in the economy began to take hold ahead of the Golden Week holiday that begins Wednesday. Chinese industrial profits in August climbed 20.4% from a year earlier, the first increase in four months, according to data released Saturday by the National Bureau of Statistics. Factory deflation eased for the first time in six months. Part of the rebound reflected last year’s low base and the government’s recent push to rein in overcapacity in sectors like electric vehicles and heavy industry, said Dilin Wu, a strategist at Pepperstone Group. The numbers give the market “a welcome confidence boost,” Wu said. Elsewhere this week, the Reserve Bank of Australia is expected to keep interest rates on hold, with traders parsing Governor Michele Bullock’s comments for clues to whether the central bank will cut again. Chinese factory and services activity readings are due as well as the Reserve Bank of India policy decision.
Nikkei -0.85% Hang Seng +1.56% CSI +1.05% Shanghai +0.47% Shenzen +1.05%
Eur$ 1.1725 CNH 7.1231 CNY 7.1207 JPY 148.84 GBP 1.3440 CHF 0.7963 RUB 83.5368 TRY 41.5734 WTI$ 65.32 -0.61% Gold 3,806 +1.21% BTC 111,755 +0.82% ETH 4,1115 +1.54%
S&P +0.34% Nasdaq +0.44% EuroStoxx +0.45% FTSE +0.42% Dax +0.36% SMI +0.60%
Macro :
- Kingdom of Spain Upgraded to A3 by Moody's, Outlook Stable
- US Govt Asks Court for Remand of New Jersey Wind Project Case
- UK to Offer to Raise Spending on Medicines to Placate US: FT
- South Korea Unable to Pay $350 Billion in Cash Under Trade Pact
- EU Unveils $638 Million Package to Scale Up Renewables in Africa
- US Postpones Sanctions Against Gazprom’s Refinery in Serbia: RTS
- Private Credit Is On Course for Biggest Year in Emerging Markets
Keep an eye on :
Keep an eye on :
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- BC IM : Italy Probes Brunello Cucinelli Over Short Seller Claims: FT
- CROX US : Crocs Shares Climb 6.6% as Sydney Sweeney Ad Attracts Attention
- DSFIR NA : DSM-Firmenich Reinvites Apollo Into Auction as CVC Bid Hits Snag
- EA US : Electronic Arts Is Said to Near Takeover by Silver Lake, PIF - WSJ --> +15%
- EA US : Electronic Arts Is Said to Near Takeover by Silver Lake, PIF - WSJ --> +15%
- ENTA US : Enanta Pharmaceuticals Shares Rise, to Present Trial Data for RSV Drug +15%
- EQT SS : Advent Pays Breakup Fees to EQT as $1.1 Billion China Deal Fails
- GMAB DC : Genmab to Buy Merus for $97 Per Share in Cash: M&A Snapshot
- IPR PL : Impresa Reaffirms It Won’t Rule Out Analyzing Partnerships
- IPR PL : MFE in Talks on Possible Purchase of Stake in Portugal’s Impresa
- INGA NA : ING Says Completing ING Bank Eurasia Sale in 3Q Is Not Realistic
- IPG US : FTC Order on Omnicom-Interpublic Merger Imposes a Monitor
- ISS DC : ISS Signs Seven-Year Contract With Cowi Covering 11 Countries
- JUVE IM : Juventus FY Net Loss EU58.1M Vs. Loss EU199.2M Y/y
- KCO GY : Germany’s Kloeckner Sells US Sites to Bolster Profitability
- Krakan IPO : Kraken in Talks With Strategic Investor at $20 Billion Valuation
- LAND SW : Landis+Gyr Sells EMEA Business at $215m Ent. Value to Aurelius
- LLBN SW : Liechtensteinische Landesbank Appoints Christoph Reich CEO
- LMT US : Lockheed Martin’s Sikorsky Wins $10.9b Contract with US Navy
- LCID US : EV Maker Lucid Says It Will Need to Raise More Funds in 2026: FT
- LHA GY : Lufthansa To Reduce Around 4,000 Administrative Jobs by 2030, Lufthansa Targets 8% to 10% Adjusted Ebit Margin for 2028-2030
- LULU US : Lululemon Faces New Threat With Debut of Nike-Kardashian Line
- MRUS US : Genmab to Buy Merus for $97 Per Share in Cash: M&A Snapshot --> 40.8% Premium
- MSFT US : Trump Urges Microsoft to Fire Lisa Monaco, Citing US Security
- MSFT US : Why Microsoft Has Lower Borrowing Costs Than the U.S., There are several theories for why anyone would pay more for a bond from Microsoft or Johnson & Johnson than for a Treasury - WSJ
- NEXTA BB : Nextensa Sells Retail Site to Luxembourg State
- NKE US : Lululemon Faces New Threat With Debut of Nike-Kardashian Line
- ORSTED DC : US Govt Asks Court for Remand of New Jersey Wind Project Case
- TGS NO : TGS Starts Amendment West-1 Ultra Long Offset OBN Survey
- TWEKA NA : TKH Group Signs New Term Loan of €200 Million