Fragile optimism [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Futures are nudging higher this morning as Fed expectations improve slightly, after one official suggested a near-term rate cut could be on the table. But it’s far from guaranteed. Nvidia’s earnings caused a stir — rising inventories and deferred payments signal possible stress, and a chain reaction in tech isn’t out of the question.

Meanwhile, Alibaba jumped 5% after Qwen 3 attracted over 10 million followers — China’s AI excitement continues. Kospi made a small recovery attempt, though gains were largely offset by heavy selling.

In the US, the 2-year yield dropped on Friday and bets on a December rate cut pushed past 50%. Still, inflation remains elevated, sentiment is low, and markets are cautious. Overall, nerves are calmer this morning, but the ball is in the middle.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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