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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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China Engages WHO Amid Rising HMPV Cases




The Chinese Foreign Ministry confirmed on Friday that it has been in close communication with the World Health Organization (WHO) regarding the recent surge in human metapneumovirus (HMPV) cases. The Chinese government emphasized its commitment to public health, both for its citizens and foreign nationals within the country.

HMPV, a respiratory virus that has been circulating in humans for over 60 years, typically causes symptoms similar to the common cold or flu. According to the latest report from China's Center for Disease Control and Prevention (CDC), HMPV cases remain high, aligning with trends observed in other parts of the northern hemisphere.

Despite the rise in cases, the Chinese government reassured the public that HMPV is not a new or unknown virus. "It is alarmist to exaggerate common viruses as unknown viruses, which goes against scientific common sense," stated Guo Jiakun, a foreign ministry spokesperson.

The WHO has also been in contact with Chinese health officials and has not received any reports of unusual outbreak patterns. Both organizations continue to monitor the situation closely, ensuring that appropriate measures are in place to manage the spread of respiratory diseases.



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