Precious metals and commodities fail to witness a positive start for the final quarter of the year. While European shares and US stock futures have started October on a firmer footing. Moving ahead, meetings of major central banks with RBA and RBNZ on the horizon return this week. Investors will also be keeping an eye on the US ISM manufacturing PMI on Monday as well as the US nonfarm payroll data for February on Friday.

Shares of the Footwear and athletic apparel giant Nike (NYSE: NKE) jumped almost 10% after the company beat first-quarter earnings and gross margin estimates. “Q1 offered proof of what NIKE can deliver when we connect great innovation, great storytelling and great marketplace experiences to consumers,” Nike CEO John Donahoe.

Global markets ended with notable losses on Friday driven by the hawkish US Federal Reserve outlook and mixed flash purchasing managers' index results from the European economies. Going forward, the overall market sentiment is expected to remain lukewarm as investors worry about the possibility of higher interest rates.

Shares of Splunk (NASDAQ: SPLK) surged more than 20% to $145 on Thursday after the networking technology giant Cisco Systems (NASDAQ: CSCO) announced that it has reached an agreement to buy cybersecurity company Splunk for about $28 billion. The deal will strengthen Cisco’s software business and revenue growth exceptionally on the boom of AI.