Markets poised for a Fed rate cut, China says Nvidia violated antitrust laws

Market Trends & Global Economy - Markets anticipate a Federal Reserve rate cut this week, questioning the extent of further cuts in 2025 [1][9] - China's economic activity slowed more than expected in August, increasing the likelihood of stimulus measures to meet growth targets [6][7] - Many analysts predict a slowdown in China's economy in the final months of 2025 due to cooling exports [8] - Global shares traded steadily near record highs, awaiting rate decisions from the Bank of Japan and the Bank of England [56][57] Monetary Policy & Federal Reserve - The Senate will vote on Steven Myron's nomination to the Federal Reserve Board of Governors, potentially influencing this week's Fed meeting [8] - The Trump administration is attempting to sideline Fed Reserve Governor Lisa Cook before the policy meeting [9] - A 25 basis point rate cut is expected, with potential for another in December, but the White House is pushing for a 50 basis point cut [15] - The market expects the Fed to cut rates, leading to potential shifts in investment strategies from money market funds to dividend growers, REITs, utilities, and small caps [25][28][29] Company Specific News - Nvidia shares fell over 2% in pre-market trading after China ruled the company violated anti-monopoly laws, potentially impacting trade negotiations [2][3] - China generated $17 billion in revenue for Nvidia in the fiscal year ending January 26, representing 13% of total sales [4] - Tesla's stock rose more than 6% after Elon Musk disclosed the purchase of approximately 257 million new shares worth about $1 billion, boosting his holdings [39] - PopMart shares dropped nearly 9% in early trade in Hong Kong, losing roughly $13 billion, about a quarter of its market value since its peak at the end of August [42] - Open Door shares are up around 6% after closing down just under 14% on Friday, and are up by more than 1,400% in three months, driven by leadership changes and social media momentum [44] Commodities - Gold futures are trading near $3,680 an ounce ahead of the Fed's expected rate decision [51] - Brent crude is trading up around $67 a barrel, while US West Texas Intermediate sits near $63, supported by drone attacks on Russian energy infrastructure [53]