Overview
- CME FedWatch places the probability of a 25 bp December Federal Reserve cut in the low-50% range after much higher odds earlier this month.
- AI-linked technology shares led U.S. weakness, with Nvidia, Broadcom, Oracle and Palantir highlighted in sharp declines and the Nasdaq stuck in a multi-session slide.
- Mexico’s S&P/BMV IPC opened down 0.42% to about 62,265 points, pointing to a third straight loss, as Peñoles fell roughly 5.4% and dragged the index.
- Bitcoin dropped below $96,000 for the first time in more than six months, extending a three-week retreat as risk appetite faded.
- Oil rose roughly 1%–2%, with WTI up about 1.6%, after drone strikes near Russia’s Novorossiysk halted some exports and stoked supply worries.