Web Trader MT5 
U.S. stock futures were mostly trading sideways in early trading on Wednesday after major indices extended their declines, driven by continued weakness in tech stocks. The Dow and S&P 500 posted their fourth straight losing session on Tuesday, while the Nasdaq fell for the fifth time in six days. Tech names, including Nvidia, Microsoft, Palantir and AMD dragged the market lower.
The selloff comes ahead of Nvidia’s highly anticipated earnings report, where analysts expect strong results but warn that valuations are stretched after the AI-driven rally. Investors are also awaiting earnings from major retailers like Target for insights into consumer spending amid limited economic data due to the U.S. government shutdown.
In Europe, U.K. inflation eased to 3.6% in October, matching expectations and down from 3.8% in September. Core inflation also cooled slightly to 3.4%. The decline was mainly driven by lower increases in gas and electricity prices due to Ofgem’s adjusted energy price cap, as well as falling hotel costs. These were partially offset by rising food prices and higher raw material costs for businesses.
The Bank of England had expected inflation to peak at 4% in September before gradually falling, and markets now anticipate an interest rate cut in December as inflation declines and economic growth remains weak, the economy grew just 0.1% in Q3.
Asia-Pacific markets declined on Wednesday, mirroring Wall Street’s losses as concerns over stretched artificial intelligence valuations continued to pressure global tech stocks. Japan’s Nikkei 225 slipped 0.2% and was dragged down by semiconductor-related shares, while Japanese government bond yields surged to multi-decade highs. South Korea’s Kospi and Kosdaq also fel. Australia’s ASX 200 edged lower, Hong Kong’s Hang Seng dipped, and Xiaomi shares sank over 4% after warning of higher smartphone prices in 2026 due to rising memory chip costs.
In the crypto market, Bitcoin briefly plunged below US$90,000, hitting levels around US$89,500 early Tuesday, the first time that has happened since April. Bitcoin has so far fallen by roughly 25% from its highs. The broader crypto market is also down, and Bitcoin’s gains for 2025 have effectively been erased, and it’s now slightly negative for the year.
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