Pre-Market | Fed Rate Cut Anticipated as Markets Surge Pre-Market

19 Sep., DOW FUTURES up 0.10% in pre-market, NASDAQ FUTURES up 0.13% in pre-market, S&P FUTURES up 0.14% in pre-market. The Fed is expected to further cut rates by 25 basis points in 2025, with the funds rate potentially reaching 3.00% by 2026. Concurrently, the Bank of Japan maintained its short-term policy rate at 0.5% and began selling exchange-traded funds and real estate investment trusts annually to unwind monetary easing.

UBS Group shares rose 1.30% in pre-market trading, driven by Bank of America Securities raising its price target due to favorable wealth management market conditions. Sumitomo Mitsui Financial Group also saw a 1.08% increase in pre-market trading, as the company plans to increase its stake in Jefferies to strengthen their business alliance. Sony Group shares dropped 2.56% in pre-market trading. Micron Technology shares fell 2.50% in pre-market trading, with institutional investors significantly reducing their stakes and insider selling occurring.

In pre-market trading, AGM Group surged by 188.79% following the announcement of the sale of its semiconductor subsidiary. Chijet Motor rose by 81.19% after appointing a blockchain expert as COO to lead its cryptocurrency treasury strategy. Reviva dropped by 30.79% in pre-market trading. Massimo declined by 21.75% in pre-market trading.

Peel Hunt forecasts the Federal Reserve will cut interest rates by 25 basis points in 2025, aiming for a federal funds rate of 3.00% by 2026. The Bank of Japan maintains its short-term interest rate at 0.5% and begins selling exchange-traded funds and real estate investment trusts acquired during monetary easing, targeting annual sales of approximately 330 billion yen for ETFs and 50 billion yen for REITs. Apple's iPhone 17 series launch experiences strong initial sales, with resale premiums fluctuating downward quickly and trade-in volumes quadrupling year-over-year. Nvidia collaborates with Intel to accelerate AI PC development, leveraging combined technological strengths to define the emerging market segment.