US Futures Dip Amid Earnings Surprises and Rising US-China Tensions

# US Futures Dip Amid Earnings Surprises and Rising US-China Tensions

**Note**: This analysis is generated during US premarket, markets closed but futures trading. Event times in US Eastern Time.

## Major News

Global market sentiment turned cautious today amid rising tensions between the U.S. and China, impacting major indices and futures. U.S. futures saw declines, with S&P 500 futures down 0.73%, Dow futures falling 0.81%, and Nasdaq futures decreasing by 0.91%. European indices also reflected this sentiment; the Euro Stoxx 50 dropped 0.64%, DAX fell 0.23%, and FTSE 100 declined 0.33%, while CAC 40 remained relatively stable with a slight increase of 0.01%. In Asia, the Nikkei index fell 1.51%.

In corporate earnings, JPMorgan Chase and Goldman Sachs reported stronger-than-expected results, with JPMorgan’s trading revenue hitting a record nearly $9 billion, bolstering its profit outlook despite potential economic turbulence. Goldman Sachs also exceeded estimates, benefitting from robust investment banking and trading activities. Meanwhile, BlackRock’s assets reached a record $13.5 trillion, attracting $205 billion in new client inflows.

On the geopolitical front, China imposed sanctions on five U.S. subsidiaries of South Korea’s Hanwha Ocean, leading to an 8% drop in shares.

## Performances

### US Futures

US futures indicate opening sign for cash market.

##FX

### Commodities Performance

### BTC and ETH Performance

## High-Importance Economic Events

On October 14, 2025, several economic reports from the UK and Eurozone are expected to influence market sentiment, particularly regarding the GBP and EUR.

The UK labor market data released at 02:00 ET showed surprising strength. The Average Earnings Index (including bonuses) rose to 5.0%, surpassing the forecast of 4.7%. Additionally, the Claimant Count Change recorded an increase of 25.8K, significantly above the anticipated 10.3K. Despite these positive indicators, the Unemployment Rate edged up to 4.8%, slightly above the forecast of 4.7%. These mixed signals may create volatility in GBP trading, as investors weigh the implications for future Bank of England policy.

In the Eurozone, the German ZEW Economic Sentiment fell to 22.7, below the expected 30.2, indicating a decline in economic optimism. The ZEW Current Conditions also disappointed at -80.0 versus -75.0 expected. This data could exert downward pressure on the EUR as market participants reassess growth prospects in Germany.

Overall, the stronger UK labor data may support the GBP, while the disappointing German sentiment indicators could lead to a weaker EUR in the near term.