(Seoul=Yonhap Infomax) Kyung Pyo Hong – On the morning of the 24th in Asian markets, U.S. equity index futures advanced as risk appetite strengthened following dovish remarks from John Williams, President of the Federal Reserve Bank of New York.


According to the Yonhap Infomax index futures dashboard (screen number 6520), as of 10:18 a.m. KST, E-mini S&P 500 futures were trading at 6,648.25, up 0.42% from the previous session.


The tech-heavy E-mini Nasdaq 100 futures rose 0.62% to 24,455.00.


On Friday, all three major U.S. stock indices rebounded in New York, buoyed by Williams’ comments, which heightened expectations for a Federal Reserve rate cut.


On the 21st (local time), Williams said regarding the Fed’s monetary policy direction, “There is still room to further adjust the policy rate in the near term.”


Williams also projected that the inflationary impact of tariffs would be transitory, stating, “The effect of tariffs on inflation will persist through the remainder of this year and into the first half of next year, but inflation will return to the 2% target by 2027.”


Williams is regarded as the de facto third-ranking official within the Fed. As Vice Chair of the Federal Open Market Committee (FOMC), he holds a permanent voting right.


During Asian trading, U.S. equity index futures extended gains, tracking last week’s momentum in New York.


Despite Williams’ dovish tone, uncertainty remains over a potential Fed rate cut in December.


Investors are also closely watching the September Producer Price Index (PPI) and retail sales data, both due on the 25th, for further clues on the Fed’s policy trajectory.


U.S. markets will be closed on the 27th for Thanksgiving, with trading on the 28th ending early at 13:00 (03:00 KST on the 29th).


Mark Malek, Chief Investment Officer at Siebert Financial, said, “Investors dislike noise and crave certainty, but the market appears unable to provide that at the moment.”


kphong@yna.co.kr

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