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Updated: 20-Oct-25 08:55 ET
Seeking higher start

Briefing.com Summary:

*Tracking upbeat start after solid showing from global equity markets

*Positive global growth signal from China's Q3 GDP beat

*Earnings flow to pick up this week

 

The stock market had an encouraging finish on Friday to follow a bumpy week, though even with the recent volatility, the S&P 500 still gained nearly 2.0% for the week. The market is seeking to continue the advance this morning with futures on the S&P 500 trading 25 points above fair value.

The positive early indication has been assisted by a solid overnight showing from most other global equity markets. Japan's Nikkei (+3.4%) soared to a fresh record amid indications that incoming Prime Minister Takaichi will officially assume her post after tomorrow's parliamentary vote that now appears to be a lock. Markets in China also had a solid showing after the release of an above-consensus Q3 GDP report (1.1%; expected 0.8%) while European equities trade generally higher.

The U.S. government shutdown remains in place so economic data reporting will remain impacted, though this week was going to be relatively quiet on the data front anyway. Today's docket is limited to the 10:00 ET release of the Leading Indicators report for September (Briefing.com consensus -0.2%; prior -0.5%).

Quarterly earnings reporting will pick up this week with the Q3 earnings season entering full swing next week.

Treasuries are off to a subdued start with the 10-yr yield down two basis points at 3.99% while the 2-yr yield is flat at 3.46%.

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