Overview

• Futures pricing shows high confidence in a 25-basis-point cut this month with a small but rising chance of a 50-basis-point move, according to CME FedWatch.
• US Treasury yields have fallen to multi-month lows and gold trades near an all-time high around $3,588 per ounce as investors rotate on easing hopes.
• US stock futures ticked higher by roughly 0.2%–0.4% following Friday’s pullback, with major indexes still near record levels ahead of inflation data.
• The yen weakened to around 148 per dollar and the Nikkei rose about 1% after Prime Minister Shigeru Ishiba resigned, injecting uncertainty into Japan’s policy outlook.
• Indian equities opened firm and finished slightly higher, supported by recent GST cuts and global cues, as FIIs sold and DIIs bought shares on Friday.