FactSet U.S. Daily Market Preview

Ahead of today’s FOMC decision, S&P futures are pointing to a flat open. Asian equities ended Wednesday trading mixed, with the Hang Seng surging on strength in internet and technology stocks, while European equity markets are mostly firmer in early trades. Attention is focused on the upcoming Federal Open Market Committee decision, with a 25 basis point rate cut fully priced in. Market reactions may hinge on Fed commentary and the updated dot plot, which will shape expectations for approximately 150 basis points of easing over the next year.

Companies Mentioned: Tiktok, Apple

S&P futures are up +0.2% and pointing to a higher open. Markets are also in a holding pattern ahead of key central bank decisions this week, with the Fed widely expected to cut rates by 25 bps on Wednesday and attention on the updated dot plot, while the BOJ is seen holding on Friday. Asian equities were mostly higher today with Japan and Greater China outperforming, and European markets are narrowly mixed in early trades. The US and China reached a framework agreement on TikTok ownership during talks in Madrid. While details remain unclear, discussions include potential licensing of TikTok's...

US and European futures are slightly higher. Asian equities tilting lower. US 10-year stays at 4.1%, 2- year yield flat to 3.6%. Gilts steady. Dollar softer versus yen, sterling and Aussie. Euro flat. Oil up. Gold down. Industrial metals firmer. Bitcoin gains. US and Chinese officials met in Madrid on Sunday to discuss issues such as trade and TikTok. Follows cautious-leaning press in lead-up to meeting with two sides said to be divided over fentanyl. Beijing's hesitation to cede TikTok's algorithm reportedly sticking point in sale negotiations. China also launched probe into US chips, day after US put more Chinese firms...

US equity futures are flat. Asia ended broadly higher, and European equities opened mostly firmer. Focus remains on US monetary policy as August CPI showed a hotter headline but core inflation in line, reinforcing expectations for a 25 bp rate cut at next week’s Fed meeting; Weekly jobless claims rose to their highest since 2021, adding to signs of labor market softening and helping markets price ~70 bp of cuts through year-end; On trade, the EU is unlikely to impose new tariffs on China and India over Russian crude purchases despite US pressure, though talks continue with Switzerland, Taiwan, and India; Ov...

US equity futures are firmer. Asia traded mixed, and European equities opened higher. Focus today is on the US August CPI, expected to show steady core inflation after a softer PPI reading; AI remained a key driver after Oracle’s strong results and OpenAI computing deal added to optimism, alongside TSMC’s robust August revenue growth; Trade tensions persisted as the EU weighed sanctions on Chinese refiners, Mexico prepared tariffs of up to 50% on some Asian imports, and Trump signaled progress toward talks with India’s Modi; In Europe, attention was on the ECB, expected to hold policy steady with i...

Riding on momentum from Tuesday’s fresh record highs, S&P futures are up +0.3% and pointing to another higher open. Asian markets closed broadly higher, led by the Hang Seng’s +1% gain and the Kospi nearing its record high. European equity markets are also firmer in early trades with major benchmarks all edging higher. AI expansion continues to drive positive sentiment in the tech sector, with Asian semis stocks benefiting from a rally in US peers. Oracle surged +28% after reporting strong growth in cloud infrastructure bookings, while Google Cloud shared a bullish update, projecting that at least 55% of its $106B in...

S&P futures are up +0.2% and pointing to a higher open. Asian markets closed mixed today following yesterday's broad rallies. European markets are narrowly mixed in early trades. The US has proposed annual site licenses for Samsung and SK Hynix to export chipmaking supplies to their factories in China. This comes after the revocation of VEU waivers under the Trump administration, which previously allowed perpetual approvals for estimated supply quantities.

Companies Mentioned: Brighthouse Financial, Tourmaline Bio, OpenAI

S&P futures are up +0.2% and pointing to a higher open. Asian markets closed mostly higher on Monday. Japanese Prime Minister Ishiba announced his resignation following his party's upper house election defeat and recent trade tensions with the US. Markets responded predictably, with a weakened yen reversing its recent rally and equities rising sharply on expectations of increased fiscal stimulus. The Nikkei 225 hit a record high. European markets are also firmer in early trades.

Companies Mentioned: Premier, OpenAI, Seres Therapeutics

US equity futures are firmer. Asia ended mostly higher, and European markets opened firmer. Focus is on the US August nonfarm payrolls report, expected to show another sub-100K print with unemployment rising to its highest since mid-2023; Softer labor market signals earlier in the week and dovish-leaning remarks from Fed Chair Powell have led markets to fully price in a September rate cut with another by year-end; President Trump signed an executive order implementing the US-Japan trade agreement, formally setting a 15% tariff that extends to autos and avoids tariff stacking. Japan pledged more rice imports and an annual...

US equity futures are slightly firmer. Asia ended mixed, and European markets opened mostly firmer. The market focus today is Fed easing expectations strengthened with September cut odds above 95% following weak JOLTS data, while Governor Waller reiterated support for cuts and Bostic and Kashkari flagged tariff-related inflation risks; Markets continued to track bond market stabilization after recent yield volatility, with the US 10-year holding steady following Wednesday’s rally; Political focus in the US turned to Fed independence, with Senate GOP signaling opposition to replacing Governor Cook until her legal status is settled; In Asia, regulators were reported to be...

S&P futures are currently up +0.3% and pointing to a higher open today. Asian equities were mixed, with notable declines in Greater China and Japan, while South Korea and Taiwan posted gains. European equity markets are firmer in early trades with major benchmarks all advancing. The JGB 30-year yield hit a record 3.285%, driven by a global selloff in ultralong bonds amid fiscal debt concerns. The 30-year gilt yield also reached its highest level since 1998.

Companies Mentioned: Google, Aon, TSMC

US equity futures are slightly weaker. Asia ended mixed, and European markets are softer. Focus is on upcoming US data with ISM, JOLTS, ADP, and nonfarm payrolls due this week following July PCE inflation in line with expectations; Fed Governor Waller reiterated support for a September 25 bp cut and signaled more easing over the next three to six months; Trump repeated claims India offered to cut tariffs to “nothing,” though no details of resumed talks; SCO summit in China reinforced anti-US optics with Modi appearing alongside Xi and Putin; In Europe, political risks rose as French PM Bayrou faced pres...

US equity futures are slightly weaker. Asia ended mixed, and European markets are softer. Focus remains on US core PCE inflation due Friday, with expectations for a modest monthly rise; Fed Governor Waller dissented from the decision to leave rates unchanged at the July FOMC meeting in favor of a rate cut; US Q2 GDP was revised higher, supported by stronger consumer spending and lower imports; EU offered to scrap tariffs on US industrial goods and provide preferential access to certain food exports, while the US extended China tariff exclusions through November; Fed Governor Cook filed suit against President...

US equity futures are little changed. Asia ended mixed, and European markets are firmer. Nvidia topped consensus revenue guidance though data center sales fell short of more optimistic expectations, and the group authorized a $60B buyback; In trade developments, EU is preparing legislation to cut tariffs on US industrial goods in exchange for lower US auto tariffs, while Mexico is set to raise tariffs on China to placate Washington; Japan’s negotiator Akazawa canceled a planned US trip, clouding a $550B investment package, while Chinese officials are expected in Washington though talks are seen as low priority; Market focus re...

S&P futures are pointing to a flat open today. Markets are awaiting Nvidia’s earnings due after the close, with previews broadly expecting a Q2 beat as momentum builds around the Blackwell GPU. Asian markets traded mixed on Wednesday, with China markets underperforming, but European markets are slightly firmer in early trades. President Trump’s decision to dismiss Fed Governor Cook continues to dominate press coverage, though market reaction has been relatively contained. As anticipated, Cook is preparing a court challenge, which could set off a drawn-out legal process.

Companies Mentioned: T-Mobile, Canada Goose, GE Aerospace, Open...

S&P futures are pointing to a slightly lower open today, down 0.2%. Asian markets closed mostly lower today, and European equity markets are also weaker in early trades. President Trump announced the dismissal of Fed Governor Lisa Cook, citing alleged mortgage fraud and gross negligence. Cook, whose term runs until 2038, disputes Trump’s authority to remove her and may seek an injunction to challenge the decision. Market analysts suggest that Cook's removal, combined with broader political interference, could weaken the dollar, steepen the Treasury yield curve, and undermine inflation-fighting efforts.

Companies mentioned: Invesco, PDD, CSX Corp, Berkshire Ha...

US equity futures are slightly down. Treasury yields are higher across tenors. US 2-year up to 3.7% and 10-year stays at 4.3%. Crude is marginally higher, gold lower. US dollar bounced slightly back from Friday's selloff, yen weaker, yuan at month-long high. Asia equities traded higher although most major benchmarks closed away from their highs. European markets opened slightly down. Risk sentiment is largely being supported by Fed rate cut expectations that were reinforced by dovish-leaning comments by Chair Powell on Friday. Powell warned risks may warrant adjusting policy amid weakening labor market and that tariff effects on prices will be...

US equity futures are slightly softer. Asia ended mixed, and European markets are lower. Markets remain focused on Fed Chair Powell’s Jackson Hole speech, with September rate cut odds falling below 80% after hawkish Fedspeak and stronger US flash PMIs. July FOMC minutes leaned hawkish, though the impact was muted by subsequent labor data; US flash PMIs showed the strongest manufacturing and services readings in over a year, but input prices rose sharply, adding stagflation concerns alongside the weaker Philadelphia Fed survey; Markets continue to track AI-driven equity pullbacks and tariff headlines, with investors bracing for possible US chip ta...

US equity futures are slightly softer. Asia ended mostly higher, and European markets are softer. Big tech pullback remains in focus amid concerns about AI valuations, competition, and stretched technicals, though many still view the downturn as temporary given the buy-the-dip pattern and strong earnings support; Central bank attention is on Fed Chair Powell’s upcoming Jackson Hole speech, with markets debating whether he will strike a more dovish tone after July’s mixed labor data; BoE rate cut expectations fluctuated this week on hotter UK inflation. ECB’s Lagarde said a US-EU trade deal remains in line with baseli...

S&P futures are pointing to a slightly lower open today, down (0.2%). Asian markets traded lower on Wednesday, led by steep losses in tech-heavy benchmarks, and European markets have also opened softer. Global technology stocks experienced a sell-off after a strong rally driven by bullish AI earnings, with major tech and AI-related stocks like SoftBank, Advantest, and SK Hynix among the biggest decliners.

Companies Mentioned: Chevron, Intel, Apple

S&P futures are pointing to a flat open today, down (0.1%). Asian markets closed mostly lower today, but European equity markets are firmer in early trades. President Zelensky and European leaders met with President Trump at the White House on Monday to discuss security guarantees for Ukraine. The talks were described as constructive, with Trump expressing openness to U.S. participation in such guarantees. Details of the arrangements are expected to be finalized in the coming days.

Companies Mentioned: Softbank, Intel, NVIDIA, Tegna