Wall Street futures indicated a rise to fresh all-time highs before the market open on Thursday, with anticipation surrounding the upcoming interest rate cut by the Federal Reserve this afternoon. The US central bank is set to announce its rate decision at 2 pm ET, followed by a press conference led by Chair Jerome Powell at 2:30 pm. There exists a staggering 98.9% probability that the Fed will implement a 0.25% cut to its key policy rate, as evidenced by CME FedWatch metrics. Futures for the S&P 500, Nasdaq, and Dow Jones all rose by 0.2% compared to the record-high closes observed on Wednesday. Asian exchanges exhibited an upward trend overnight, while European markets showed moderate gains by midday. MKS Instruments (MKSI) experienced a significant pre-bell increase of 12.2%, following the industrial instrument maker's report of Q3 earnings and revenue that surpassed expectations, released late Wednesday. Duke Energy (DUK), TransDigm (TDG), and Air Products and Chemicals (APD) are among the companies slated to report earnings prior to the market open, among others. Looking at the economic calendar, alongside the Fed's announcement, the weekly jobless claims bulletin will be released at 8:30 am ET, along with the Q3 productivity and costs report. The wholesale inventories report for September will be published at 10 am, succeeded by the weekly EIA natural gas report at 10:30 am. In premarket trading, Bitcoin has reached $74,816, while West Texas Intermediate crude oil has dipped to $71.20, and 10-year US Treasuries yielded 4.43%.

Spot gold was priced at $2,667 an ounce..