Odaily reported that investors heading into the U.S. session were watching a mix of market moves, company updates, and macro headlines.
Premarket indexes and commodities
All three major U.S. stock-index futures traded higher before the open. Dow futures rose 0.14%, S&P 500 futures gained 0.36%, and Nasdaq 100 futures climbed 0.73%.
Oil prices moved lower in choppy trading. WTI crude futures fell 0.55% to $90.987 a barrel, while Brent crude futures dropped 1.36% to $102.864 a barrel.
Spot precious metals both advanced. Spot gold rose 1.24% to $4,184.51 an ounce, and spot silver gained 2.27% to $60.49 an ounce.
European equities were also higher across the board. The UK’s FTSE 100 added 1.12%, France’s CAC40 rose 0.98%, and Germany’s DAX30 gained 1.31%.
Company and industry developments
Lumentum, a major U.S.-listed optical communications company, said its optical-device production capacity is fully sold out through early 2029, according to comments from CEO Hurlston on Friday local time.
Apple has told some suppliers to reduce component production for the newly launched iPhone 18 Pro and iPhone 18 Pro Max. The report said soaring memory-chip costs forced the company to raise prices, which then weighed on consumer demand.
Another report said Intel’s packaging technology is continuing to gain market recognition. Nvidia may adopt Intel’s Foveros chip technology in 2028, when the technology is also set to enter mass production.
SpaceX said it has reached an agreement to acquire a group of 800MHz low-band spectrum licenses covering the entire United States, expanding its direct-to-cell satellite and mobile communications services.
Policy and macro headlines
The Zimbabwean government said producers have had enough time to prepare and there is no reason to delay its ban on lithium concentrate exports, which is scheduled to take effect in January next year. The government said the move is intended to capture more value from the country’s natural resources.
Japan’s Meteorological Agency said El Niño has strengthened to the most intense level on record. The agency forecast a 100% probability that El Niño will persist through the entire Northern Hemisphere winter, in line with the outlook from the U.S. Climate Prediction Center.
UBS said gold may test support at $4,000 in the short term and described any pullback as a buying opportunity. The bank forecasts gold at $4,600 in December this year and $5,000 in March 2027.