# US Futures Slide as Jobless Claims Fall and Starbucks Restructures Amid Economic Uncertainty
**Note**: This analysis is generated during US premarket, markets closed but futures trading. Event times in US Eastern Time.
## Major News
Global markets faced downward pressure today, with U.S. futures indicating a bearish sentiment. S&P 500 futures declined by 0.71%, reflecting ongoing concerns over the faltering AI sector, particularly after Oracle’s disappointing performance. Dow and Nasdaq futures also fell by 0.47% and 0.94%, respectively. In Europe, major indices mirrored this trend, with the Euro Stoxx 50 down 0.72%, the DAX dropping 0.78%, and the CAC 40 and FTSE 100 declining by 0.33% and 0.43%.
The Nikkei, however, showed resilience, gaining 0.38%.
In the commodities market, copper prices surged following a force majeure declaration from Freeport-McMoRan due to a fatal accident at its Grasberg mine, raising concerns about global supply disruptions.
On the currency front, the dollar’s strength may be influenced by recent jobless claims data, which fell to 218,000, well below the anticipated 235,000, suggesting a tighter labor market despite fears of economic weakness.
Market sentiment remains cautious, particularly with looming government shutdown threats and potential mass federal layoffs, as highlighted by Trump’s OMB.
## Performances
### US Futures
US futures indicate opening sign for cash market.
| Future | Price | Daily Change (%) |
|---|---|---|
| S&P 500 Futures | 6656.25 | -0.71 |
| Dow Futures | 46312.00 | -0.47 |
| Nasdaq Futures | 24549.00 | -0.94 |
### Major US Indices (Previous Close)
| Index | Price | Daily Change (%) |
|---|---|---|
| S&P 500 | 6636.68 | -0.50 |
| Dow Jones | 46113.99 | -0.55 |
| Nasdaq 100 | 24500.84 | -0.59 |
### FX Performance
| Currency Pair | Price | Daily Change (%) |
|---|---|---|
| EUR/USD | 1.17 | -0.34 |
| USD/JPY | 149.22 | 0.28 |
| GBP/USD | 1.34 | -0.48 |
| USD/CHF | 0.80 | 0.45 |
| USD/CAD | 1.39 | 0.09 |
| AUD/USD | 0.66 | -0.39 |
| NZD/USD | 0.58 | -0.36 |
### Commodities Performance
| Commodity | Price | Daily Change (%) |
|---|---|---|
| Crude Oil | 64.50 | -0.34 |
| Gold | 3770.30 | 0.08 |
| Silver | 44.75 | 1.10 |
| Natural Gas | 3.25 | 2.82 |
### BTC and ETH Performance
| Crypto | Price | Daily Change (%) |
|---|---|---|
| Bitcoin | 111407.37 | -1.71 |
| Ethereum | 3972.04 | -4.36 |
## High-Importance Economic Events
On September 25, 2025, several key economic events are poised to impact market dynamics, particularly in the currency markets.
The GfK German Consumer Climate for October reported an actual reading of -22.3, outperforming expectations of -23.3, indicating slightly improved consumer sentiment in Germany, which may provide modest support for the euro (EUR).
In Switzerland, the Swiss National Bank (SNB) maintained its interest rate at 0.00%, aligning with forecasts. The subsequent Monetary Policy Assessment and Press Conference will be closely watched for any hints on future policy direction, which could influence the Swiss franc (CHF).
In the U.S., a series of economic indicators released at 8:30 AM ET exceeded expectations: Core Durable Goods Orders rose by 0.4% against a forecast of -0.1%, and GDP growth for Q2 was reported at 3.8%, surpassing the anticipated 3.3%. Initial Jobless Claims also came in lower than expected at 218K, suggesting a robust labor market. These positive figures are likely to strengthen the U.S. dollar (USD).
The Tokyo Core CPI for September is expected to be at 2.8%, which may affect the Japanese yen
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-09-25 | 02:00 | 🇪🇺 | Medium | GfK German Consumer Climate (Oct) | -22.3 | -23.3 |
| 2025-09-25 | 03:30 | 🇨🇭 | High | SNB Interest Rate Decision (Q3) | 0.00% | 0.00% |
| 2025-09-25 | 03:30 | 🇨🇭 | Medium | SNB Monetary Policy Assessment | ||
| 2025-09-25 | 04:00 | 🇨🇭 | Medium | SNB Press Conference | ||
| 2025-09-25 | 04:00 | 🇪🇺 | Medium | ECB Economic Bulletin | ||
| 2025-09-25 | 08:30 | 🇺🇸 | Medium | Continuing Jobless Claims | 1,926K | 1,930K |
| 2025-09-25 | 08:30 | 🇺🇸 | Medium | Core Durable Goods Orders (MoM) (Aug) | 0.4% | -0.1% |
| 2025-09-25 | 08:30 | 🇺🇸 | Medium | Core PCE Prices (Q2) | 2.60% | 2.50% |
| 2025-09-25 | 08:30 | 🇺🇸 | High | Durable Goods Orders (MoM) (Aug) | 2.9% | -0.3% |
| 2025-09-25 | 08:30 | 🇺🇸 | High | GDP (QoQ) (Q2) | 3.8% | 3.3% |
| 2025-09-25 | 08:30 | 🇺🇸 | Medium | GDP Price Index (QoQ) (Q2) | 2.1% | 2.0% |
| 2025-09-25 | 08:30 | 🇺🇸 | Medium | Goods Trade Balance (Aug) | -85.50B | -95.70B |
| 2025-09-25 | 08:30 | 🇺🇸 | High | Initial Jobless Claims | 218K | 233K |
| 2025-09-25 | 08:30 | 🇺🇸 | Medium | Retail Inventories Ex Auto (Aug) | 0.3% | |
| 2025-09-25 | 09:00 | 🇺🇸 | Medium | FOMC Member Williams Speaks | ||
| 2025-09-25 | 10:00 | 🇺🇸 | Medium | Existing Home Sales (MoM) (Aug) | ||
| 2025-09-25 | 10:00 | 🇺🇸 | High | Existing Home Sales (Aug) | 3.96M | |
| 2025-09-25 | 10:00 | 🇺🇸 | Medium | FOMC Member Bowman Speaks | ||
| 2025-09-25 | 13:00 | 🇺🇸 | Medium | 7-Year Note Auction | ||
| 2025-09-25 | 13:00 | 🇺🇸 | Medium | Fed Vice Chair for Supervision Barr Speaks | ||
| 2025-09-25 | 15:30 | 🇺🇸 | Medium | FOMC Member Daly Speaks | ||
| 2025-09-25 | 16:30 | 🇺🇸 | Medium | Fed’s Balance Sheet | ||
| 2025-09-25 | 19:30 | 🇯🇵 | Medium | Tokyo Core CPI (YoY) (Sep) | 2.8% |
