Wall Street Futures Edge Higher as Rate Cut Bets Grow Amid Mixed Asia Markets

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•  27 Jun 2025
 

•   COIN  
   
  0.00%
•   ENPH  
   
  0.00%
•   PLTR  
   
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Wall Street futures are trading with slight gains as investor optimism grows around a potential Fed rate cut in July, even as global markets remain mixed. Futures on the Dow Jones, S&P 500, and Nasdaq are up around 0.2%-0.3%, extending last night’s rally that pushed U.S. indices to near record highs.

President Trump announced a new trade deal with China, signaling a push for stability, but details remain unclear, and tariff threats continue to hover over the markets. Meanwhile, the U.S. dollar has weakened, and Treasury yields have dipped as economic data fuels bets on monetary easing, with markets now pricing in up to three rate cuts by year-end.

Asia markets show mixed trends as Japan’s Nikkei crosses 40,000 on softer core inflation in Tokyo, easing pressure on the BOJ. China’s industrial profits dropped over 9% in the first five months of the year, the sharpest decline since October, weighing on Shanghai and Hong Kong indices, which are trading down up to 0.7%.

Investors are now turning their focus to upcoming U.S. macro data, including core inflation, consumer spending, and consumer confidence, which could shape the Fed’s next move.

Tech giants are leading gains on Wall Street, while banking stocks are climbing as optimism holds despite geopolitical concerns. The S&P 500 is near record highs, but with high equity valuations and global uncertainty, some investors are eyeing the bond market for opportunities amid elevated yields.

Stock Highlights:
Enphase $ENPH surged 10% as policy signals support for renewable energy tax credits.

Coinbase $COIN hit multi-year highs as Washington’s regulatory stance shifted, pushing analysts to eye a $510 target.

Palantir $PLTR continues its meteoric rise, up nearly 300% since October, becoming the world’s most expensive stock by valuation, despite concerns over its lofty P/E ratio.