Web Trader MT5 
Asia-Pacific markets opened the week higher after New York Fed President John Williams signaled that a third rate cut this year is possible due to weakening labor market conditions. According to the FedWatch tool, Fed funds futures now show a 68% chance of a December cut, up from about 45% last week.
This comes after Asian equities fell broadly last week on tech-sector weakness. In today’s session, South Korea’s Kospi rose 1.6% and Samsung surged more than 4%. Australia’s ASX 200 rebounded 1.1%, and Hong Kong’s Hang Seng climbed 1.41%.
US Stock futures edged higher in early trading on Monday as markets try to recover after a sharp pullback that hit AI-driven stocks. Dow futures rose 0.3%, S&P 500 futures gained 0.5%, and Nasdaq-100 futures climbed 0.7%.
Friday’s rebound was a response to a possible December rate cut, but major indices remain down for November amid a reassessment of stretched AI valuations. Last week, the S&P 500 fell 2%, the Nasdaq dropped 2.7%, and the Dow declined 1.9%.
With light trading expected and few catalysts before the Fed’s December meeting, volatility may increase. Investors will watch U.S. October retail sales and Producer Price Index data on Tuesday for clues on the economic outlook.
The crypto market staged a mild rebound during the weekend, with Bitcoin recovering above $87,000 after briefly nearing $80,000. Sentiment improved following dovish signals from the Fed.
In the commodities market, Gold slipped about 0.5% in Asian trading on Monday, holding just below $4,050, but the decline lacked strong momentum. Mixed signals from Federal Reserve officials kept the US Dollar from extending last week’s rally, providing some support for gold.
In the Forex market, the Japanese yen saw a slight rebound against a softer U.S. dollar on Monday but remained pressured overall due to concerns about Japan’s weak fiscal outlook and expectations that the Bank of Japan will delay rate hikes amid political resistance and Prime Minister Sanae Takaichi’s pro-stimulus stance.
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