US stock index futures edged higher ahead of the Federal Reserve's interest rate decision, scheduled for 2 p.m. ET on October 28 (2 a.m. Beijing time on October 29). Market pricing indicates only a 7% to 10% probability of a rate hike. Dow futures rose 0.04%, S&P 500 futures gained 0.23%, and Nasdaq 100 futures climbed 0.42%.
In corporate news, Nvidia announced plans to expand Oracle Cloud Infrastructure superclusters to multi-gigawatt scale using its Vera Rubin NVL72 systems. Meanwhile, OpenAI is set to purchase Google's tensor processing unit chips, having already begun renting them. Vertiv shares surged nearly 17% pre-market after beating third-quarter revenue expectations and issuing a strong fourth-quarter outlook driven by the AI infrastructure boom.
Commodity markets saw mixed movements, with WTI crude rising 1.91% to $101.808/barrel and Brent crude up 1.69% to $111.260/barrel. Spot gold fell slightly to $4,055.75/oz, while spot silver dropped 0.61% to $54.06/oz. European stocks were mixed, with Germany's DAX 30 rising 0.28% while the UK's FTSE 100 and France's CAC 40 posted minor losses.
Fed Rate Decision Looms as US Futures Edge Higher; Nvidia Expands Oracle Cloud Deal
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