Web Trader MT5
US stock futures were mostly unchanged in early trading today after the S&P 500 hit a fresh record high in the previous session, supported by continued strength in technology stocks. On Tuesday, the S&P 500 gained 0.6% for its fourth consecutive advance, while the Dow rose 0.5% and the Nasdaq added 0.4%. Chipmakers led the gains, with Marvell and AMD among the strongest performers.
Oil prices rose on Wednesday, with Brent reaching $101.50 and WTI above $90.00, as renewed Middle East tensions raised concerns over potential supply disruptions.
In Asia, markets were mostly lower, with Japan’s Nikkei down 0.7%, South Korea’s Kospi down more than 1% and Hong Kong’s Hang Seng falling 0.53%.
Gold prices came under renewed pressure on Wednesday, reversing part of the previous day’s rebound from around $4,100.
Although recent US data showed moderating inflation and some cooling in the labor market, markets still price around an 85% probability of a Fed rate hike in December.
Investors will therefore closely watch the FOMC minutes for clues on future rate hikes, which could drive the dollar and, in turn, influence demand for non-yielding gold.
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