Futures on all three major benchmarks are comfortably higher this morning, as tech and Bitcoin (BTC) rebound from yesterday's slump, with the enigmatic cryptocurrency up 2% following its worst session since March. U.S. bond yields are higher as well, while gold prices fall amid a bout of profit taking. Investors are still optimistic regarding the interest rate decision later this month, with the CME FedWatch tool showing an 87.4% chance the central bank cuts rates.
5 Things You Need to Know Today
- The Cboe Options Exchange saw more than 1.7 million call contracts and over 1 million put contracts exchanged on Monday. The single-session equity put/call ratio rose to 0.59, while the 21-day moving average remained at 0.58.
- Teradyne Inc (NASDAQ:TER) is up 3.2% premarket, after Stifel upgraded the robotics equipment maker to "buy" from "hold," with a price-target hike to $225 from $162. Following recent upbeat earnings, the firm cited potential revenue growth amid AI strength, with the shares looking to move back toward their Nov. 6 peak of $191.56. Teradyne stock is up 42% in 2025.
- Shares of MongoDB Inc (NASDAQ:MDB) are soaring in electronic trading, up 23.3% at last glance, after the software name's strong third-quarter earnings and revenue results. A flood of analysts lifted their price targets after the event as well. Should these gains hold, MDB will add a great deal to its already 41.3% year-to-date lead.
- Maplebear Inc (NASDAQ:CART), otherwise known as Instacart, is down 4.7% ahead of the bell, after Amazon (AMZN) launched 30-minute grocery delivery in Philadelphia and Seattle. The stock has been rallying since its early-November 52-week lows, but is looking to drop back into negative territory for the year.
- Plenty of economic data is due out this week, including some previously delayed indicators.
European Markets Unpack Inflation Data, BoE Decision
Markets in Asia finished mostly higher today, led by South Korea’s Kospi, which climbed 1.9% after U.S. Secretary of Commerce Howard Lutnick indicated on social media app X a 15% auto tariff will be backlogged into effect from Nov. 1. Auto giants Kia and Hyundai moved higher in response. The Kospi is also propped up by Korea’s November headline inflation reading of 2.4%, higher than the expected 2.35%, while core inflation rose 2% year-over-year. Japan’s Nikkei finished flat, after 10-year Government Bonds rose to 1.88%, their highest level since 2008. Hong Kong’s Hang Send added 0.2%, while China’s Shanghai Composite bucked the regional trend, closing down 0.4%.
Utility stocks are driving momentum higher in Europe, while euro zone data rose 2.2% in November, up from the 2.1% estimates. Investors are also unpacking the Bank of England’s (BoE) decision to trim its capital operating estimate for the first time in 10 years. Bank stocks have London’s FTSE 100 up 0.2%, France’s CAC 40 is 0.3% higher at last check, while Germany’s DAX has added 0.5%. with Bayer a notable gainer after the Trump administration on Monday curbed litigation related to its Roundup weedkiller.
