FactSet
StreetAccount U.S. Daily Market Preview is FactSet's daily podcast aiming to bring listeners up to speed with financial markets information on the day to come as quickly as possible. With a target time of ~5 minutes and a publish time of ~5:00 ET, this is an ideal listen prior to market open.
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
US equity futures are lower, while Asian and European equity markets are both mostly weaker. The AI trade is under renewed pressure following the latest US technology earnings, with concerns around heavy investment, cash burn and slowing growth weighing on sentiment. Amazon’s capital spending was well above expectations, while Intel issued weaker guidance. Meanwhile, markets continue to digest central bank decisions, with the ECB seen likely to raise rates in December, while the BOJ kept rates unchanged. Middle East tensions also remain in focus, with reports that the US is considering renewed strikes on Iran supporting oil prices. Companies mentioned: Nvidia, Nscale, Blackstone, Daiwa Securities, BT Group
US equity futures are indicating a lower open today. European markets have opened firmer, following mixed Asian markets. Central bank policy is in spotlight. Fed held rates steady, and now focus is on ECB and BOJ who are expected to hold rates steady as well. Markets now look for indication of a December move. Companies mentioned: Instacart, DoorDash, Dine Brands Global
US equity futures are mixed, while Asian equity markets are higher and European equity futures are mostly weaker. AI-related sentiment remains supportive following another strong session for US technology shares and sharp gains in Asian chip stocks, led by SK Hynix after its earnings beat and upbeat outlook for memory and HBM demand. Attention now turns to the Fed, which is expected to leave rates unchanged, with markets looking for signals on a possible December hike. Meanwhile, energy risks remain elevated amid reports of renewed military strikes and limited progress in US-Iran diplomacy, while the UK Budget is also in focus with a relatively low-key fiscal statement expected. Companies mentioned: OpenAI, Nvidia, Google, TPG, Onsemi
US equity futures were mixed, with S&P essentially flat. The AI trade showed renewed strength while big tech delivered a patchy performance. Markets were also watching fixed income: the US 10‑year yield held at around 5% after a choppy prior session, Bunds eased about 2 bps to 3.4% and Gilts remained near 5.35%. The dollar firmed. Commodities were tilted higher — WTI crude rose roughly 0.5% to just above $102/bbl, while gold slipped and industrial metals traded mixed. Bitcoin declined. Investors are looking past the latest Middle East developments. Crude has eased slightly from recent highs on hopes for a diplomatic resolution to US–Iran tensions after senior officials from Saudi Arabia, Turkey and Pakistan met Iranian leaders in Tehran on Monday to defuse the situation. Still, expectations that kinetic action could resume after the November midterms are growing as elections approach. Companies mentioned: Microsoft, Dollar General, Skydance
US equity futures are firmer, with S&P futures up 0.1% after Friday’s losses. Treasuries are higher, with the 10-year yield down 3 bps to around 5%. The dollar is stronger against the yen and Aussie but softer versus the euro, while sterling is mixed. WTI crude is down 2%, approaching $101/bbl. Gold is higher, while industrial metals and Bitcoin are lower. Oil is pulling back from one-month high despite expectations of a resumption of US-Iran conflict continue to build. President Trump repeated he is nearing decision on whether to resume hostilities unless Iran agrees to a deal. Diplomacy remains at a standstill with Iran sticking to its demands for reopening Strait of Hormuz and refusing to discuss nuclear file. Companies mentioned: Amazon, JetBlue Airways, Alimentation Couche-Tard, Cumberland Farms
US equity futures are modestly lower, while Asian and European equity markets are mostly weaker. The AI trade remains under pressure, with renewed financing concerns and widening credit spreads weighing on technology shares. Meta’s higher capital spending plans have added to concerns around potential debt issuance, while OpenAI has reportedly lowered its valuation target in its latest funding round. Meanwhile, energy prices continue to rise amid expectations of renewed military strikes, reinforcing inflation concerns. Attention is also on the sharp rise in French bond yields and whether the ECB may step in, while the ECB, Fed and BOJ are all expected to leave rates unchanged next week. Companies mentioned: Smith & Nephew, Johnson & Johnson, OpenAI, SpaceX
US equity futures are lower, with the S&P down 1%. Bonds are firmer: the US 10‑year -3bp, Bunds -2bp, and gilts -1bp. The dollar is mostly weaker, notably versus the yen and franc; the risk‑sensitive AUD underperforms. Oil gains — WTI up two point eight percent near a hundred dollars per barrel. Gold and industrial metals are lower, while Bitcoin is slightly higher. Middle East headlines remain volatile. After earlier signs of diplomatic progress, new reports say the US and Iran have developed plans for an intensive three‑day operation before the midterms. At the same time, the US is reducing its regional presence amid renewed conflict risks and ongoing Saudi‑Houthi fighting. A Wednesday drone strike at Saudi Aramco’s Shaybah oil field in the Eastern Province caused fatalities. Companies mentioned: Intel, Abbott Laboratories, Meta
US equity futures are higher, with the S&P up about 0.2% following mostly stronger gains on Tuesday. Bonds are mixed: the US 10‑year is little changed at 5.1%, gilts lower, bunds up to 3.4%, and OATs, BTPs are wider. The dollar is firmer versus the euro and little changed elsewhere. Oil is slightly higher — WTI remains below $99/bbl and Brent around $110/bbl. Gold is little changed, silver is lower, industrial metals are mixed, and Bitcoin is firmer. Conflicting reports on US‑Iran diplomatic progress have added volatility to oil prices. Tuesday’s headlines said an agreement was near but were later denied; later reports suggested Iran might prolong talks to weaken Trump ahead of the midterms. Iranian media also reported a super-tanker struck a sea mine south of the Strait of Hormuz and caught fire, part of a string of recent attacks. Companies mentioned: Alcon AG, Optimum Communications, NVIDIA
US equity futures are mixed, while Asian and European equity markets are mostly lower. Scrutiny of the AI trade remains a key focus, with financing concerns around neocloud companies and elevated CoreWeave bond yields weighing on sentiment despite Monday’s rebound in technology shares. Rising bond yields also remain a headwind for equities. Meanwhile, there are signs of some progress in US-Iran talks, although prospects for an agreement remain unclear. Trump also said he is open to meeting Xi and Putin in China for nuclear talks. Elsewhere, OpenAI is also reportedly seeking to accelerate fundraising ahead of Anthropic’s planned IPO, targeting about $30B. Companies mentioned: OpenAI, Meta, TikTok, Blackstone, Rio Tinto
US equity futures are indicating a positive open today. European markets have opened with losses, following mixed Asian markets. Attention remains on AI trade, with focus on AI financing and rising funding costs, CoreWeave is the source of the latest market angst while China competition is another focus. Companies mentioned: Accenture, Rio Tinto
US equity futures are modestly firmer, while Asian and European equity markets are mostly higher. Risk sentiment is stabilizing following the recent selloff, supported by lower rates and dip buying, although concerns around AI-related debt and financing remain. Semiconductor and memory stocks are recovering in Asia, while CoreWeave credit-default swap spreads remain elevated. Meanwhile, Fed Chair Warsh declined to pre-judge upcoming policy meetings and offered no fresh hawkish signals, while energy markets are also in focus following plans for accelerated IEA reserve releases and renewed Ukrainian attacks on Russian infrastructure. Companies mentioned: Varonis Systems, Anthropic, Hain Celestial Group
US equity futures are lower, while Asian markets are sharply weaker and European equities are mostly lower. Risk appetite remains under pressure following hotter-than-expected US core inflation and a sharp selloff in AI-related stocks. Concerns around elevated valuations, data-center financing, neocloud balance sheets and rising debt costs have intensified following underwhelming ASML guidance, while weakness has spread across US and Asian technology shares. However, bond yields are retreating as Fed officials downplayed the urgency for another rate hike despite persistent inflation pressures. Meanwhile, Middle East hostilities continue to support energy-supply risks, with reports of Houthi strikes adding to uncertainty. Companies Mentioned: Cleveland-Cliffs, Gibraltar Industries, Compagnie de Saint-Gobain
US equity futures see a positive open. European markets have opened with gains. Asian markets traded mostly lower. Market is seeing another rangebound day for the S&P with overall sentiment remaining fragile. Some dovish Fedspeak also needs digestion. Companies mentioned: AT&T, Bank of America, Porch Group
US equity futures were mostly weaker, with the S&P 500 down about 0.1% after a mixed session on Monday that left the index confined to a narrow 25‑point range. Bonds were broadly firmer: the US 10‑year yield fell roughly 4 bps to 5.2%, while gilts and Bund yields eased about 4 bps to 5.4% and 3.4%, respectively. The dollar weakened against major currencies following yesterday’s gains. Crude oil pulled back from overnight highs, sliding about 1.7%, while gold and silver ticked up slightly. Bitcoin climbed, reversing earlier losses. AI trade is under scrutiny after reports that China’s Changxin Memory Technologies has advanced rapidly in memory chips, stoking fears rivals are closing the tech gap and prompting investors to question heavy AI spending amid higher rates — Broadcom’s CEO flagged speculative excess. Companies mentioned: FormFactor, Teradyne
US equity futures ticked higher, with the S&P 500 advancing about 0.3% following a mostly positive week. Bond markets were subdued — trading in JGBs and Treasuries was absent because of public holidays in Japan and the United States. The dollar strengthened against the yen, the Australian dollar and the Swiss franc, while remaining largely unchanged elsewhere. Crude oil fell about 0.8%, gold eased slightly, and Bitcoin is recovering from a near one‑month low. Geopolitics feeding directly into energy and inflation expectations. President Trump's announcement of Russian diesel supply deal, temporary sanctions relief until April, and claimed Ukraine-Russia energy ceasefire lacks Kremlin confirmation and has drawn Republican and Ukrainian pushback. Companies mentioned: CCC Intelligent Solutions, Alpine Income Property Trust
US equity futures are firm, with S&P higher. Treasury moves were mixed: the 10‑year yield ticked up 1bp to 5.2% after Treasuries tightened across the curve on Thursday. Gilts and Bunds were weaker, falling about 5bps and 4bps to 5.4% and 3.5% respectively. The dollar softened against major European currencies and the Australian dollar but strengthened versus the Japanese yen. Oil slipped—the WTI benchmark was down roughly 0.6%, trading near $91/bbl—while gold advanced and industrial metals rose. Bitcoin moved lower. Equity market sentiment is benefiting from stabilization in bond markets. Treasury rally coincided with pullback in oil after comments from Trump on diplomatic progress with Iran. Well-received auctions in US and Japan are helping to dampen upward pressure. Companies mentioned: Blackstone, Starbucks, CIRSA Enterprises
US equity futures are indicating a lower open today. European equity markets have opened lower, following weaker Asian market trades. Recovering crude flows have been a press focus though kinetic activity is picking up with Iran stepping up attacks on tankers and the Saudi-Houthi tensions intensifying. Trump is reportedly seeking to develop strike plans against Iran before midterms. Companies mentioned: Solidigm
US equity futures are indicating a weaker open today. European equity markets have opened lower. Asian markets traded in the negative territory. Middle East remains the dominant cross-asset catalyst for the market. Attention also turns to the Fed's September minutes. While a hike this month is now seen as unlikely, markets still look for one rate hike in December. Companies mentioned: SpaceX, Nvidia, Apple, LG Electronics, Constellation Brands