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Markets Edge Higher as Fed Minutes Cloud Rate-Cut Bets With Nvidia Results Next

Investors reassess the policy path after minutes highlighted dissent over further easing.

Overview

  • U.S. equities opened firmer after two down sessions and Europe finished mixed, with technology shares still steering sentiment.
  • FOMC minutes confirmed an October 25 bp cut and revealed one vote for a larger move and one for no change, leading traders to trim odds of a December cut as the dollar firmed against the real to R$5.338.
  • Nvidia’s post-close earnings are viewed as a key gauge for AI demand and rich tech valuations, keeping risk appetite restrained ahead of fresh U.S. data.
  • Cryptocurrencies fell sharply, with bitcoin slipping below US$90,000 and ethereum also lower as risk-sensitive assets weakened.
  • In Brazil, the Central Bank’s extrajudicial liquidation of Banco Master and the arrest of founder Daniel Vorcaro in an alleged R$12 billion fraud left bank stocks under pressure, with the FGC preparing roughly R$41 billion in depositor coverage.