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S&P 500 futures stay firm in Asia session as momentum extends from strong October finish
S&P 500 futures held firm during Asia hours as markets attempted to extend October momentum, supported by tech leadership and calmer macro catalyst expectations.
Global equities are attempting to carry forward the post-October momentum, with S&P 500 futures marginally higher during Asian morning trade. Traders attribute continued resilience to carry positioning, mega-cap tech follow-through and selective factor rotation based on AI-led earning leverage. Macro participants expect a subdued U.S. data week, allowing more time for equity markets to digest the prior month’s repricing without heavy catalyst risk. Emerging market traders are watching U.S. futures closely for volatility bleed-through, especially in FX-sensitive models and cross-carry structures. If realized volatility compresses further, tactical long setups could find broader participation from systematic allocators.