
U.S. stock futures were flat in early trading on Monday after the market finished a losing week, driven by waning enthusiasm for the AI trade. Skepticism around Nvidia’s $100B OpenAI deal raised doubts about the sustainability of the AI boom and expectations for rapid Fed rate cuts.
Last week, the S&P 500 slipped 0.3%, the Nasdaq fell 0.7%, and the Dow edged down 0.2%. Higher-than-expected jobless claims and GDP data fueled concerns that Fed easing may be delayed. Investors now await Friday’s NFP report for direction. Despite recent weakness, major indices remain positive for September, with the Nasdaq up 2.9%, the S&P 500 up 2.7%, and the Dow up 1.6%.
Gold surged to a record high in on Monday, topping $3,818 per ounce, driven by safe-haven demand amid U.S. government shutdown fears and expectations of Fed rate cuts. Silver jumped over 2% to a 14-year high above $47 per ounce. Precious metals were supported by a weaker dollar and optimism over future rate cuts following in-line inflation data. Markets remain on edge as U.S. funding is set to expire 30 September, with bipartisan talks ongoing.
Sony Financial Group surged 36% on debut after parent Sony Group spun it off. Japan markets slipped after recent highs: Nikkei was down 0.84%, and Topix down 1.57%.
Australia’s ASX 200 rose 0.71% ahead of the RBA meeting, with expectations for rates to stay at 3.6%, though risks of higher inflation persist.
Cryptocurrencies rose during the weekend, with bitcoin rising 2.45% above $112,200. Ether jumped more than 3% to $4,146 and Solana recaptured $200 level after falling to $190 last week.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.