U.S. stock futures drop as Alphabet slides on soft earnings, Microsoft firms

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• IPO GMP comparison: BLS Polymers vs SFC Environmental vs M.K. Sons vs Bombay Coated - Check listing price prediction

  Unofficial trading indicators show diverging investor expectations across four ongoing public offerings concluding their bidding cycles. Strong sentiment is currently favoring BLS Polymers with high double-digit listing expectations, whereas SFC Environmental Technologies is seeing the most muted debut projections. These unofficial premiums reflect initial appetite ahead of formal exchange trading, though they carry no official price guarantees.

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• Asian shares fall as Alphabet earnings miss drags Wall St futures lower

  Investor enthusiasm for artificial intelligence faced a sharp reality check after massive spending undermined megacap tech valuations, triggering broad sell-offs across regional bourses. Compounding the pressure, market participants are navigating diverging global interest rate trajectories alongside renewed diplomatic efforts in the Middle East. These combined crosscurrents are prompting traders to reassess risk exposures ahead of crucial United States inflation data.

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• Hong Kong Monetary Authority leaves interest rates unchanged, tracking Fed move

  The city's de facto central bank mirrored American borrowing costs to maintain its currency peg within the established 7.75 to 7.85 band. Local policymakers warned that upcoming shifts in borrowing costs remain unpredictable due to broader American economic data. These impending adjustments could soon sway financial conditions and interbank liquidity across the territory.

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