Global news you need to know before the U.S. stock market opens on Tuesday

The holiday schedule for 2025 is here: an additional day off for both the Spring Festival and Labor Day. European Central Bank Governing Council member Rehn: A rate cut may occur in December, with the possibility of further actions afterward. Bank of England Chief Economist PILL: The direction of interest rates is clear, but the process may be gradual. OPEC has lowered its global oil demand growth forecast for the fourth consecutive month. Indian IPOs are booming, and SoftBank is reaping huge profits! The company turned a profit in the third quarter, exceeding expectations. According to Bloomberg, the EU has demanded that Apple stop geo-blocking several services, including the App Store, music, and books. Shopify's U.S. stock surged pre-market, rising nearly 17% at one point, with the company's third-quarter revenue exceeding expectations. Honeywell's U.S. stock rose nearly 9% pre-market, with ELLIOTT reportedly holding over $5 billion in Honeywell shares. Novavax Pharmaceuticals' U.S. stock fell nearly 7% pre-market after the company lowered its full-year revenue guidance. In pre-market trading, Chinese concept stocks generally fell, with Tesla plunging over 5% at one point. The U.S. dollar strengthened, gold fell below $2,600, and Bitcoin turned down after approaching $90,000. The Nikkei 225 index closed down 0.4%, the Shanghai Composite Index closed down 1.39%, and the Hang Seng Index closed down 2.84%