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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.
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China’s Stance on NATO’s Accusations

In a recent statement, China has firmly opposed NATO’s characterization of the nation as a “decisive enabler” of Russia’s ongoing conflict in Ukraine. The Chinese Foreign Ministry spokesperson denounced NATO’s claims as unfounded and cautioned the alliance against instigating turmoil in Asia, similar to the chaos in Europe. China maintains that its trade relations with Russia are legitimate, conforming to World Trade Organization rules, and insists that its stance on the Ukraine issue is impartial and objective.

  • Rejection of NATO’s Claims: China rejects the notion of being an enabler of the war in Ukraine, emphasizing the legitimacy of its trade with Russia.
  • Warning Against Chaos: The spokesperson warned NATO not to transfer the chaos it created in Europe to the Asian region.
  • Call for Non-Interference: China urges NATO to refrain from meddling in its internal affairs and to stop smearing its image.
  • Defense of Trade Practices: The country defends its trade practices with Russia as reasonable and based on international rules.

China’s response comes as a rebuttal to NATO’s recent communique, which urged China to cease all material and political support to Russia’s war efforts. The exchange highlights the growing tensions between China and NATO amidst the backdrop of the Ukraine conflict.



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