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…