Global Markets:
- Asian Stock Markets : Nikkei up 1.18%, Shanghai Composite down 1.15% Hang Seng down 0.15% ASX down 0.73%
- Commodities : Gold at $4,056.40 (0.50%) Silver at $57.745 (-0.59%), Brent Oil at 87.23 (-0.98%), WTI Oil at 83.69 (-0.91%)
- Rates : US 10-year yield at 4.701, UK 10-year yield at 5.0381, Germany 10-year yield at 3.1559
News & Data:
- (USD) Federal Funds Rate 3.75% to 3.75% expected
Markets Update:
U.S. stock futures moved higher Wednesday night as investors evaluated the Federal Reserve’s decision to leave interest rates unchanged and digested mixed earnings from major technology companies. Dow futures rose 158 points, or 0.3%, while S&P 500 and Nasdaq 100 futures gained 0.4% and 0.7%, respectively.
The rebound followed a sharp sell-off on Wall Street, where the Dow Jones Industrial Average tumbled 1,153 points (2.19%), its biggest one-day decline since April 2025. The S&P 500 lost 1.52%, while the Nasdaq Composite fell 1.74%.
Asian markets traded mixed. Japan’s Nikkei 225 slipped 0.25%, Topix declined 0.59%, South Korea’s Kospi rose 0.89%, while Australia’s S&P/ASX 200 edged 0.26% lower.
After the bell, Meta Platforms dropped 7% in extended trading after issuing a weaker-than-expected revenue outlook. Microsoft surged 8% as robust Azure cloud growth boosted investor confidence, highlighting contrasting outcomes from the companies’ AI investments.
Meanwhile, Treasury yields climbed after the Fed maintained rates, with the 30-year Treasury yield rising above 5.2%, its highest level since 2007. Investors are now looking ahead to Thursday’s key economic releases, including weekly jobless claims, June’s personal consumption expenditures (PCE) inflation report, and second-quarter GDP data.
Corporate earnings also remain in focus, with Bristol-Myers Squibb reporting before the open, followed by Amazon, Apple, and Coinbase after the closing bell.
Upcoming Events:
- 12:30 PM GMT – USD Core PCE Price Index m/m
Risk Warning: Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our Risk Disclosure.
Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times
