Central Bank Outlooks Nudge Wall Street Up Pre-Bell; Asia Mixed, Europe Gains

06:17 AM EST, 12/02/2025 (MT Newswires) -- Wall Street futures pointed modestly higher pre-bell Tuesday as traders awaited central bank decision in Tokyo and Washington, and monitored steady US Treasury values.

In the futures, the S&P 500 rose 0.2%, the Nasdaq added 0.3% and the Dow Jones was up 0.1%.

Yield on 10-year US Treasuries held under 4.10%, providing some comfort to bondholders and Federal Reserve watchers.

The CME Group FedWatch Tool points to an 87% chance the central bank will cut its key policy rate by 0.25% at the conclusion of its Dec. 9 to 10 meeting.

Asian exchanges traded tepidly overnight, although Seoul rose 1.9% after the US cut its tariff to 15% from 25% on South Korean imports, pursuant to a trade-deal terms negotiated in November.

European bourses tracked moderately higher midday on the continent.

Credo Technology traded up 18.2% pre-bell after the developer of high-speed connectivity solutions for data infrastructure reported fiscal Q2 earnings and revenue

above Street views, and issued upbeat guidance.

Bank of Nova Scotia (BNS) plans to report earnings pre-bell, among others. CrowdStrike (CRWD) and Marvell Technology (MRVL) are scheduled to report after-bell.

The economic calendar is vacant.

Michelle Bowman, Federal Reserve board member, is slated to speak on Tuesday.

In premarket action, Bitcoin traded at $86,851, and West Texas Intermediate crude oil traded steadily at $59.34. Spot gold traded for $4,188 an ounce.

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