NAS100 Cheers the Fed’s Dovish Hold, Turns to Apple & NFPs
The tech heavy index rallied on Wednesday after the Fed kept rates unchanged and was more dovish than previously, but now awaits Apple’s earnings and the jobs report
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The tech heavy index rallied on Wednesday after the Fed kept rates unchanged and was more dovish than previously, but now awaits Apple’s earnings and the jobs report
The US central bank refrained from raising rates for second time in a row on Wednesday, with a dovish tilt in its rhetoric, despite strong economy, tight labor market and elevated inflation
The chip designer posted strong top and bottom lines and expects and believes its Artificial intelligence GPUs will start bearing fruit from Q4 onwards
The pair rallied on Tuesday after the BoJ’s YCC tweak underwhelmed markets, but eases today on verbal intervention and as investors brace for the Fed’s policy decision
Watch today’s US Open for insights on the new YCC tweak by the Bank of Japan, the further deceleration of price pressures in Eurozone, key incoming events and more
HKG33 registered another losing month, dropping today after Chinese factory activity slipped back to contraction territory
The BoJ continues on the slow path to normalization of is ultra-accomodative policy setting, as it further loosened its grip on the yield curve control on Tuesday and raised its inflation forecasts
The index closed last week in correction territory, as the quarterly results by tech giants were not enough to outweigh elevated yields, Fed risks and Middle East jitters, but rebounds today ahead of the Fed
Apple announces its Q4 FY2024 on Thursday November 2, in a challenging period for its business and the stock, which breaches key technical levels after a losing quarter
The pair maintains its upside bias, but is cautious after the ECB paused yesterday but offered little in the way of direction, now looking to next week’s BoE decision
The ecommerce and tech giant posted another blockbuster quarter, with enhanced profitability, increased advertising sales and signs of stabilization in its cloud business
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