Ahead of the New York market open, the S&P 500 index is projected to experience slight losses, with futures indicating a decrease of 0.12%. The latest cross-asset model from ExanteData shows a -0.04% loss for the S&P, while futures are down 1.01% since the prior close. The model highlights that signals from Rates are the most bullish at +0.32%, while Global Equities show the least bullish signal at -0.12%. Over the past 20 days, the S&P has cumulatively underperformed the model by 1.86%. Meanwhile, Asian markets have shown positive movement, with the Hang Seng index rising by 2.64%, driven by optimism in AI developments and the Chinese property sector. Other Asian indices, such as the ASX 200, Nikkei 225, and KOSPI, also reported gains of 0.2%, 0.5%, and 0.6%, respectively.