The S&P 500 and Nasdaq futures are up this morning, indicating a positive opening on Wall Street. The government shutdown continues, limiting gains. Investors will focus on shutdown developments, Fed meeting minutes, and official comments this week.

In Friday’s trading, the S&P 500 closed mixed, with Humana and Rumble gaining significantly. Economic data showed mixed results, with the ISM services index falling, but S&P Global services PMI revised higher.

Fed officials cautioned on rate cuts, emphasizing a cautious approach. Rate futures predict a 94.6% chance of a 25 basis point cut. The U.S. government shutdown affects economic data releases, with uncertainty looming.

Market watchers await the Fed’s minutes for insights on rate cut appetite. Fed Chair Powell will speak at a conference this week. Notable companies like PepsiCo and Amazon will report earnings. French political turmoil impacts Euro Stoxx 50 Index.

Bond market sees a rise in the 10-year U.S. Treasury note yield. Investor morale in the Eurozone improves, despite the French political crisis. Retail sales in the Eurozone show modest resilience in the face of global challenges. JPMorgan upgrades Eurozone to Overweight, cites policy support. ECB Chief Economist Lane monitoring inflation risk. SEB SA plummets -20% on guidance cut. Eurozone’s Sentix Investor Confidence Index at -5.4, beats expectations. August Retail Sales up +0.1% m/m. Nikkei 225 hits record high, Takaichi wins leadership election, boosts stocks. Chip-related stocks rally on stimulus hopes. BOJ keeps economic assessments unchanged in regions. Nikon climbs 5% after EssilorLuxottica stake increase. China’s Shanghai Composite closed for holiday. AMD soars +24%, Tesla up +2%, Micron rises +3% in pre-market trading. Cryptocurrency-exposed stocks move higher after Bitcoin hits all-time high. Comerica climbs +11% on acquisition deal with Fifth Third Bancorp. U.S. Earnings Spotlight on Constellation Brands A and Aehr Test Systems.

Read more at Yahoo Finance: Stocks Set to Open Higher on Fed Rate-Cut Hopes and Earnings Optimism