Financial Market Preview - Tuesday 13-Oct

US equity futures were mostly weaker, with the S&P 500 down about 0.1% after a mixed session on Monday that left the index confined to a narrow 25‑point range. Bonds were broadly firmer: the US 10‑year yield fell roughly 4 bps to 5.2%, while gilts and Bund yields eased about 4 bps to 5.4% and 3.4%, respectively. The dollar weakened against major currencies following yesterday’s gains. Crude oil pulled back from overnight highs, sliding about 1.7%, while gold and silver ticked up slightly. Bitcoin climbed, reversing earlier losses. AI trade is under scrutiny after reports that China’s Changxin Memory Technologies has advanced rapidly in memory chips, stoking fears rivals are closing the tech gap and prompting investors to question heavy AI spending amid higher rates — Broadcom’s CEO flagged speculative excess.

Companies mentioned: FormFactor, Teradyne