Tech Rally Drives Record Highs, Fed and ECB Signal Critical Moves

Equity indices across Japan, Taiwan, and South Korea surged to all-time highs today, powered by robust advances in technology shares and anticipation of easing U.S. monetary policy.

The S&P 500 and Nasdaq extended their record streaks, fueled by a surge in Oracle and optimism about corporate buybacks, while Apple’s decline tempered gains on the Dow Jones.

Investors remain focused on this week’s U.S. inflation data, with consensus building around a likely Federal Reserve rate cut at its upcoming meeting. Meanwhile, European shares edged higher as the ECB prepares a critical interest rate verdict, with markets widely expecting rates to hold steady.

On the commodities front, crude oil prices paused after recent sharp gains amid persistent geopolitical uncertainties, while gold retreated from highs as risk appetites shifted.

Despite widespread optimism, analysts caution that September’s historical volatility and global policy shifts could drive market consolidation and fresh rotations as the quarter closes.

• Asia: Nikkei, Kospi, and Taiwan indices at record highs on tech strength
• US: S&P 500 & Nasdaq at new peaks; Oracle outperforms, Apple weighs on Dow
• Central banks: Fed expected to cut rates next week; ECB holds with dovish tone
• Commodities: Oil steady, gold softens as equities stay attractive
• Risks: Tariff disputes and September volatility may heighten market swings

For investors, central bank signals and inflation data remain pivotal in setting expectations for Q4 risk assets.