S&P Futures Muted With U.S. GDP Data in Focus

Economic Indicators - The U.S. Commerce Department is set to release the initial estimate of third-quarter GDP, which was delayed by two months due to a government shutdown. Economists forecast a GDP growth of +3.3% quarter-over-quarter, driven by strong consumer spending and modest investment gains [1] - U.S. Durable Goods Orders for October are expected to decline by -1.5% month-over-month, while Core Durable Goods Orders are anticipated to rise by +0.3% month-over-month [5] - The Fed's Industrial Production reports for October and November are expected to show no change in October and a +0.1% increase in November [6] - The U.S. Richmond Fed Manufacturing Index is projected to improve to -8 in December from -15 previously [7] Stock Market Performance - Wall Street's main stock indexes closed higher, with notable gains in chip stocks such as Micron Technology (+4%) and ON Semiconductor (+2%). Warner Bros. Discovery rose over +3% following a significant backing for its acquisition bid [3] - The Euro Stoxx 50 Index increased by +0.02%, with healthcare stocks outperforming, particularly Novo Nordisk, which gained over +7% after FDA approval of its obesity drug [8] - Asian stock markets, including China's Shanghai Composite Index and Japan's Nikkei 225, closed higher, with gains attributed to non-ferrous metal stocks and semiconductor stocks [10][11] Corporate News - ZIM Integrated Shipping Services saw a pre-market increase of over +8% after announcing multiple acquisition offers [12] - Parsons Corp. gained over +3% in pre-market trading after securing a significant contract with the Missile Defense Agency, valued at up to $151 billion [13] - Ametek rose about +1% in pre-market trading following an upgrade to Buy from Hold by TD Cowen, with a price target of $230 [14]