Key Business Events and Economic Indicators Ahead
Get ready for a week of key business events and economic indicators, including Walmart’s earnings report, the Federal Reserve’s minutes, and the U.S. home sales report. These events will offer valuable insights into the retail sector, monetary policies, and the housing market, providing crucial information for businesses and investors.
Stock Market Plummets After Release of Hotter-Than-Expected Inflation Data
The stock market saw a significant drop as the Dow Jones Industrial Average lost 516 points, the S&P 500 and Nasdaq Composite also slid. The cause was hotter-than-expected inflation data for January, leading to concerns about the Federal Reserve’s rate cuts. Tech giants like Microsoft and Amazon suffered losses, while JetBlue Airways and Hasbro experienced individual challenges. Bitcoin also declined to $48,543.35 after the CPI report, impacting related stocks like Coinbase and Microstrategy.
Americans Unhappy as Inflation Erodes Standard of Living
Americans are feeling the impact of high inflation as the cost of living continues to rise, causing frustration and dissatisfaction. From groceries to utilities, prices have surged, prompting consumers to seek out cheaper alternatives. The result is a decline in consumer confidence, despite the economy’s overall growth and job creation.
Fed’s Plans for Balance Sheet Reduction
Max is back on top: Here’s what’s worth streaming in February 2024 Investors are eager to hear more on Wednesday about when the Federal Reserve might pivot to lower interest rates. But that won’t be the only focus after the…
Tech Sector Weakness Weighs on US Markets Ahead of Federal Reserve Meeting
Weakness in the tech sector has weighed on US markets ahead of the Federal Reserve’s rate meeting, with the Nasdaq 100 and S&P500 experiencing early pressure due to profit-taking in the broader tech sector. In Europe, markets have struggled for…
Tech’s Mixed Bag: The Bloomberg Open, Asia Edition
Tech’s Mixed Bag: The Bloomberg Open, Asia Edition By Joshua Fellman | January 30, 2024 Good morning. Alphabet falls on ad revenue, Microsoft’s sales jump. US strength puts the Fed in a bind. And supercars go quick. In the tech…
Financial Markets Set for Busy Week with Key Central Bank Meetings, Data Releases, and Big Tech Earnings
The upcoming week is set to be a busy one for financial markets, with major events such as key central bank meetings in the UK and US, important data releases including eurozone inflation and US NFP, and the US Treasury…
Fed’s Potential Pivot and Inventory Glut Impact
An Early Pivot for the Fed Could Have Costly Consequences According to a recent report, the Federal Open Market Committee (FOMC) is expected to maintain steady rates in the upcoming week. However, due to progress on inflation despite the Red…
JSE Declines as Investors Await US Inflation Data
The JSE experienced a decline on Friday morning as global markets remained mixed while investors anticipated the release of the Federal Reserve’s preferred measure of inflation. Oanda senior market analyst Craig Erlam noted a sense of caution ahead of the…