U.S. stocks are poised to continue rising on hopes of a Fed rate cut in December. Futures tied to the S&P 500 and Nasdaq are up, with a 60% chance of a rate cut seen by traders. However, indexes are still on track for their biggest monthly drops since March. Policymakers are divided on the path ahead, and upcoming economic data will impact market sentiment. In Europe, Ukraine peace talks and defense stocks are in focus. Italy received its first credit rating upgrade in 23 years. Markets remain cautious amid geopolitical tensions and uncertainty.

Read more at Yahoo Finance: Will the Fed come to the rescue?