US equity-index futures rose in early Asian trading, steadying sentiment at the start of a new quarter after Wall Street erased late swings. Contracts for the S&P 500 Index rose 0.5% after the underlying gauge closed 0.2% lower Wednesday. Asian shares edged lower after Micron Technology Inc. gave an upbeat forecast but warned rising compensation costs would weigh on profit margins.
Alphabet Inc.’s shares rose after Google began rolling out Gemini 4 Argon, its long-awaited flagship artificial intelligence model. Bond yields remained in focus after global government bonds finished their worst quarter since 2024 as oil above $100 revived sticky inflation threats. US 30-year Treasury yields rose to highest levels since 2002.
Money markets priced less than a 40% chance of an October Fed rate hike. The US personal consumption expenditures price index excluding food and energy rose 0.2% less than forecast, delivering a goldilocks combination of stronger growth and resilient demand. Chris Zaccarelli at Northlight Asset Management said a strong earnings season and getting past the midterm elections will break the market out of its trading range.
Some of the main moves in markets: This story was produced with the assistance of Bloomberg Automation.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing