US futures are pointing to a higher open today after equities finished mostly positive in Thursday’s trading. European equity markets have opened with losses, following mixed but rebounding Asian markets. Sentiment on back foot again, with earnings, rate reprieve, election concerns in focus.

Companies Mentioned: Summit Materials, Capri Holdings, Tapestry, DigitalBridge Group

US futures are pointing to a higher open today after equities finished lower in Wednesday’s trading. European equity markets have opened with gains, following mostly lower Asian markets. Sentiment in US equity market stabilizing, as traders positioning for more volatility stemming from election and November Fed meeting. Most ECB speakers see 25 bps cut in December. BoE's Bailey signaled faster rate cuts in pipeline.

Companies Mentioned: Boeing, Southwest Airlines, Transocean, Seadrill

S&P futures are pointing to a flat open today. Asian markets finished Wednesday trading mixed, with Japan down for a second consecutive day. European markets opened flat and are edging lower in early trades. For today's highlight, recent reports from China suggest a think tank proposal advocating for increased fiscal support through special government bond issuance to enhance social welfare, alongside a proposed CNY2T stock market stabilization fund. This fund would focus on purchasing blue-chip stocks and ETFs. Markets are watching the upcoming NPC Standing Committee meeting for potential details and a headline stimulus figure.

Companies Mentioned: Spirit Airlines, Qualcomm, McDonald's, Eli Lilly

S&P futures are pointing to a lower open today, down (0.25%). Asian markets tilted down in a quiet day, while Europe is mixed in early trades. For today's highlight, Hyundai Motor India's stock fell (4%) on its market debut, despite the IPO being oversubscribed at INR1,960/share by 2.4 times, weighing down by weak retail demand and a slowdown in India's auto sales and consumer spending. The stock was initially listed at a 1.4% discount to the IPO price. Despite this, it remains India's largest IPO by amount raised at INR278.56B ($3.3B).

Companies Mentioned: Cheesecake Factory, Baidu

US futures are pointing to a lower open, while European equity markets are mixed. Asian equities also closed with varied results today. In focus today are developments from China, where the People's Bank of China cut the 1-year and 5-year loan prime rates by 25 basis points—slightly more than consensus expectations. PBOC Governor Pan indicated the possibility of reducing the reserve requirement ratio by 25 to 50 basis points by year-end. This comes amid mixed reactions to recent Chinese stimulus efforts, but hopes for more fiscal support remain strong as President Xi pushes for achieving 2024 economic goals.

Companies Mentioned: Boeing, Thales, MetLife, Kenvue

US futures are signaling a mixed open today, following a similar trend seen in European and Asian markets. Market attention is focused on China’s latest economic data, where Q3 GDP growth slowed less than expected on a year-over-year basis. Strong September activity data helped offset concerns about the slowdown. Meanwhile, China's property market continues to struggle. Geopolitical tensions remain a key concern, with Israel's military targeting Hamas leaders, intensifying calls to end the war in Gaza. Discussions also continue around Israel’s response to an Iranian missile attack.

Companies Mentioned: Intel, Marvell Technology, Apple, CSX Corp, Canadian Pacific Kansas City

US futures are pointing to a higher open today. European equity markets have opened with modest gains, following mixed Asian markets. Focus in Europe is on today's ECB decision, which is widely expected toa cut rates by 25 bps. Focus in Asia is China housing ministry's introduction of a 'white list' of property projects eligible for financing support, although markets were disappointed at the lack of a figure allocated to local governments to acquire unfinished homes.

Companies Mentioned: Expedia Group, Uber, Intel, Universal Stainless & Alloy Products

S&P futures are indicating a flat open, while Asian and European markets are generally weaker today. For today's highlight, UK's September inflation came in below the BoE's 2% target at 1.7%, lower than the expected 1.9%. Core CPI also decreased to 3.2%, with significant downward pressure from transport costs. Pipeline inflation shows downward trends, with both output and input prices declining. These developments, along with slowing wage growth, increase the likelihood of a BoE rate cut in November.

Companies Mentioned: KKR, SHEIN, Qualcomm, Intel

S&P futures are relatively stable, indicating a flat open as markets digest a mix of corporate earnings, macro data, and geopolitical developments. Asian equities mostly traded higher today, except for Greater China. European markets are broadly higher today following a positive US close, with the STOXX 600 nearing an all-time high. For today's highlight, China's market selloff intensified, with the Hang Seng index dropping almost (4%) due to weak economic data and uncertainty over fiscal stimulus plans, which disappointed investors. Key sectors like consumption, internet, and IT, along with mainland property indexes, also saw significant declines.

Companies Mentioned: Frontier Communications, AMD, NVIDIA, Intel

US equity futures are indicating a softer open this morning, this comes after the S&P posted its fifth consecutive weekly gain. European markets are trading mixed, while Asian markets were similarly mixed. In today’s top stories, market attention is focused on potential stimulus measures from China. Over the weekend, China’s finance minister announced targeted fiscal policies aimed at supporting growth. These measures include raising the debt ceiling, using funds from special-purpose bonds, and stabilizing the property market through the acquisition of unsold homes. While the package lacks a headline figure and concrete consumption-boosting measures, banks like Goldman Sachs have upgraded their growth forecasts for China, citing improved policy management.

Companies Mentioned: Eli Lilly, Fuji Soft, KKR