Equities & Market Sentiment:

• US futures traded mixed as renewed confidence in artificial intelligence spending supported tech shares, while elevated oil prices kept broader investor sentiment cautious.
• Higher crude and inflation concerns also weighed on European equities.

Central Banks & Rate Decisions:

• Markets are closely watching the upcoming Federal Reserve interest rate decision, where rates are widely expected to remain unchanged at 4.0%, alongside the FOMC press conference with Chair Warsh.
• Meanwhile, the Bank of Canada rate decision is also in focus, with market pricing showing an estimated 80% chance of a 25 bps hike to 2.5%.

Key Corporate Earnings: A heavy slate of major Q3 2026 earnings reports is underway, featuring:

• Alphabet: Estimated EPS of $3.33 on estimated revenue of $111.24 billion.T-Mobile: Estimated EPS of $2.90 on estimated revenue of $23.14 billion.
• eBay: Estimated EPS of $1.42 on estimated revenue of $3.12 billion.
• FedEx: Estimated EPS of $3.30 on estimated revenue of $22.72 billion.
• Ford: Estimated EPS of $0.40 on estimated revenue of $46.39 billion.

Fixed Income & Macro Agenda:

• Treasury yields edged higher ahead of the Fed's policy announcement and forward guidance. Additionally, scheduled speaking events include the ECB's Lane in Berlin.