FactSet U.S. Daily Market Preview

US equity futures are slightly softer, while Asian equity markets are mostly lower and European equities are modestly weaker. Attention remains on the fallout from Nvidia CEO Jensen Huang’s departure, with pressure concentrated in Nvidia and Nvidia-backed neoclouds and renewed focus on potential tighter US chip export controls to China. Bond yields are also moving higher as markets continue to digest hotter-than-expected US inflation and hawkish Fed commentary, with a December rate hike now almost fully priced and expectations for further tightening in 2027 increasing. Meanwhile, optimism over a US-Iran diplomatic agreement has weakened after Trump said the US could pursue greater economic pressure rather than a deal, providing some support to oil prices.Companies mentioned: Modine Manufacturing, Samsung Electronics

US equity futures are all softer this morning. NVIDIA shares are down near 7% pre-market following reports that the board is preparing to remove CEO Jensen Huang. Asian markets opened broadly firmer but turned negative as NVIDIA's fallout started to hit tech-heavy benchmarks. Japan, South Korea, and Taiwan all saw AI names plummeting. European markets are firmer in early trading, though companies on the AI data supply chain are trading mostly lower. Companies Mentioned: NVIDIA

US equity futures are firmer, while Asian equity markets are mixed and European equities are higher. Rates remain a key focus after hotter-than-expected US inflation drove the sharpest daily rise in Treasury yields since April 2025. Hawkish Fed commentary has added to tightening expectations, with markets now pricing an approximately 85% chance of a December rate hike and a greater likelihood of three additional hikes in 2027. Meanwhile, the AI trade is recovering, supported by cleaner positioning and some pushback against concerns over a slowdown in US data-center investment, alongside positive updates from CoreWeave, Anthropic and OpenAI.Companies Mentioned: Anthropic, Kalshi, Rio Tinto

S&P futures are slightly higher following the rallies yesterday. Surges of the Nasdaq and SOX supported Asian markets to trade broadly higher today, with notable strength in tech names of Japan and South Korea. Greater China benchmarks were modestly positive. Taiwan and Southeast Asia also recorded firm gains. European equities are also lower in early trading. Companies Mentioned: NVIDIA, Anthropic, ExxonMobil

U.S. equity futures were firmer but off earlier highs. Futures tied to the S&P 500 were up about 0.1%. Government bonds were mostly stronger, with treasury yields down roughly 1 bp. The Bund was 1 bp lower at 3.3%. The 10‑year gilt fell 2 bps to 5.1%. The dollar weakened. Oil prices slipped, with WTI crude near $90/bbl and Brent under $97/bbl. Gold strengthened, most industrial metals rose, and Bitcoin traded lower. There is cautious optimism about U.S.–Iran diplomatic progress, which is helping to ease energy prices. Trump said it is highly unlikely he would resume strikes on Iran if progress is made on the nuclear issue and the Strait of Hormuz is reopened. VP Vance is also leading diplomatic efforts to secure a new ceasefire and pave the way for renewed nuclear talks.Companies mentioned: Argenx, CNH Industrial, Anthropic

US equity futures are mixed, while Asian and European equity markets are sharply lower. Risk-off sentiment continues to dominate following Thursday’s deep US equity selloff, with the AI and momentum trades under heavy pressure amid concerns that the US midterm election outcome could create a tougher environment for cloud operators and slow data-center investment. Investors are also reassessing US-Iran developments as optimism over diplomatic progress cools. Meanwhile, softer AI investment expectations have supported bonds but raised concerns over the growth outlook.Companies mentioned: Unity Software, Anthropic, SoftBank Group

US equity futures are modestly lower, while Asian equity markets are mixed and European equities are higher. Risk sentiment remains supported by the post-election rally and growing expectations of progress toward a US-Iran agreement, with oil falling to its lowest level since late August and bond yields moving lower. However, the AI trade remains volatile amid concerns that greater scrutiny of data-center development could constrain investment. Central bank policy is also in focus, with the Bank of England expected to raise rates by 25 basis points and Norges Bank expected to remain on hold, while markets continue to assess the potential for further tightening from the ECB.Companies mentioned: SpaceX, Microsoft, SoftBank, ABB Limited

S&P futures are slightly higher following midterm election results. Democrat victories in key Senate and House races shaped market moves. Japan and South Korea opened sharply lower but both bounced back in the afternoon sessions, closing at levels far above the day's lows. Greater China outperformed, with Shanghai and Hong Kong gaining on macro optimism. Southeast Asia also saw strength. European equities are moderately higher in early trading.Companies Mentioned: Embraer, Oracle, CVS Health

S&P futures are slightly lower following a weak Asia session. South Korea’s Kospi and Taiwan’s tech-heavy Taiex led the day’s losses. Mainland China struggled despite fresh PBOC measures, while Hong Kong’s Hang Seng rose modestly. Japan was closed for a holiday. European equities are also lower in early trading. Companies Mentioned: Salesforce, Marathon Petroleum, NVIDIA, Walt Disney

US futures point to a higher open, while European markets opened modestly higher. The US dollar is edging lower, with Asian currency pairs largely quiet. Treasuries and JGBs are mixed. Crude prices are sharply lower, with Brent back at $110/bbl. Precious metals are rising, while base metals are falling. Cryptocurrencies are under renewed pressure. Europe is getting no help from the turnaround in Asia’s AI trade or easing energy prices. Oil is pulling back on reports of talks between Qatari mediators and Iranian officials to reopen the Strait of Hormuz within two days. Iran reiterated its preconditions, while security chief Rezai noted a shift in US tone and claimed Washington was ready to accept Tehran’s terms. Fears of conflict after the midterm elections remain high as Trump and Iran continue their war rhetoric.Companies mentioned: Meta, Alaska Air, Okta