🌏 Markets mixed as traders brace for Fed rate cut and Trump
Crypto City Globe Gazette
Updated at: 11 hours ago
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Global markets are treading carefully ahead of the Federal Reserve’s expected 25 bps rate cut and a crucial Trump–Xi meeting in South Korea later this week — both potential catalysts for risk assets and crypto alike.
📊 Stocks:
U.S. futures: S&P +0.3%, Nasdaq +0.5%, Dow flat after record highs.
Microsoft jumped 2% after sealing a new deal with OpenAI, pushing its valuation past $4T.
Europe was mixed — FTSE +0.4% led by miners and healthcare; DAX, CAC 40, Stoxx 600 slightly lower.
Asia rallied: Japan’s Nikkei +2.2%, Korea’s Kospi +1.8%, and Shanghai +0.7% — optimism rising as trade talks progress.
💵 Macro moves:
Dollar Index (DXY): +0.2% to 98.86.
Treasuries: mostly steady ahead of the Fed.
Gold: +1% to $4,023/oz, extending its 50% YTD rally.
Oil: down 0.5% amid OPEC+ supply worries, with Brent at $63.53.
🪙 Crypto angle:
$BTC edged up 0.6% to $113c,000, supported by signs of U.S.–China détente and the looming Fed rate cut, which could reignite liquidity-driven appetite across risk assets.
🧭 Bottom line: The next 48 hours pack a macro punch — rate decisions, trade diplomacy, and tech earnings. Crypto traders should stay alert — volatility risk cuts both ways.","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/29/61c03778d7629974e30aea2d3ae9f644.jpg"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}