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

19 Sep., DOW FUTURES up 0.12% in pre-market, NASDAQ FUTURES up 0.17% in pre-market, S&P FUTURES up 0.17% in pre-market. The Federal Reserve is expected to cut interest rates by 25 basis points in 2025, with the federal funds rate projected to reach 3.00% by 2026. The Bank of Japan maintained its short-term policy rate at 0.5% and initiated plans to sell ETFs and REITs annually at specific paces.

UBS Group shares rose 1.47% in pre-market trading. Meanwhile, MercadoLibre saw a 1.30% increase, driven by a strong earnings report that surpassed market expectations. On the other hand, Micron Technology's stock dropped 2.66% in pre-market trading. Sony Group also faced a decline, with its shares falling 2.33% due to concerns over potential delisting and inactive trading.

In pre-market trading, AGM Group shares surged by 256.50%, while Chijet Motor saw a significant rise of 52.48%. Meanwhile, Reviva experienced a sharp decline of 37.95%, and Ralliant dropped by 14.42%.

The Federal Reserve is projected to implement a 25 basis point interest rate cut in 2025, with the federal funds rate expected to reach 3.00% by 2026. Concurrently, the Bank of Japan maintained its benchmark interest rate at 0.5% unchanged while initiating plans to sell ETFs at a rate of approximately 330 billion yen annually and gradually reduce REIT holdings. Apple experienced a surge in iPhone demand, evidenced by trade-in sales volumes quadrupling year-over-year. Furthermore, Nvidia and Intel are collaborating to define and accelerate the development of AI PC technology through a potential integration of CPU and GPU capabilities.