U.S. Pre-Market: Awaiting the Federal Reserve Meeting

After the "Trump deal" dominated the market overnight, boosting the dollar, U.S. stocks, and cryptocurrencies, today's market sentiment is more subdued.

Investors are now focused on the Federal Reserve's upcoming decision on interest rates. The consensus is for a 25 basis point cut, but the critical factor will be the Fed's guidance on future policy.

Today, European and American stock index futures saw modest gains, with Nasdaq futures up 0.2%. In the Asia-Pacific region, stock indexes were mixed, and Japan's Nikkei 225 closed down 0.3%. Non-U.S. dollar currencies began to rebound, recouping losses as the Chinese yuan rose more than 300 points. Bitcoin's upward momentum paused, and commodity price fluctuations narrowed.

Under the influence of the "Trump deal," U.S. Treasury yields had spiked 16 basis points overnight, but they are generally declining now. Before the U.S. stock market opened, Trump Media Technology and Arm shares were down, while Qualcomm's stock rose.

Summary

European and American stock index futures saw slight increases: Nasdaq futures rose 0.2%, while Germany's DAX30 futures went up 0.5%.

In Asia-Pacific markets, there was a mix of gains and losses, with Indonesian and Indian stock indexes dropping more than 1%, and the Nikkei 225 closed down 0.3%

Non-U.S. currencies rebounded, with the offshore Chinese yuan gaining over 300 points against the U.S. dollar, breaking through the 7.17 mark. The Australian dollar rose by 1%, nearly erasing the drop caused by the U.S. election

U.S. Treasury yields declined, with 10-year yields falling to 4.408%, down from yesterday's 4.4256%.

Bitcoin fell by 1%, following a roughly 10% rise yesterday to a record high of over $76,000.

Crude oil saw slight fluctuations, while spot gold increased by nearly 0.3%, compared to a 3.1% decline yesterday.